MakeMyTrip Swings to Quarterly Loss; How Indians Are Using its AI for Trip Planning
Photo Credit: MakeMyTrip Group CEO Rajesh Magow (L) at the launch of Gen AI Trip Planning Assistant. MakeMyTrip
Skift Take
AI might not change how Indians travel overnight. But for MakeMyTrip, it’s become central to how it plans to stay relevant to the next billion travelers.
Indian online travel agency MakeMyTrip reported a net loss of $5.7 million for the second quarter of fiscal 2026, compared to a net profit of $17.9 million in the same quarter last year. In the previous quarter, it had posted a profit of $25.8 million.
Operating revenue rose 9% year-on-year to $229.3 million, up from $211 million.
The company attributed the quarterly loss to accounting effects from a $3.1 billion capital raise, used to repurchase and cancel 34.4 million shares from Trip.com Group in July.
MakeMyTrip also booked a foreign exchange loss of $14.3 million due to the rupee’s depreciation.
Meanwhile, the company said it has extended and expanded its share and debt repurchase program until March 31, 2030.
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