MakeMyTrip: 3 Key Takeaways for Long-Term Investors

MakeMyTrip reported 20.9% year-over-year gross booking growth to $2.7 billion in Q2 FY2027, driven by expansion in non-air travel segments (63.2% of bookings). The company's AI assistant Myra improved user conversion rates by 1.7x overall and 2.1x in tier 2-3 cities, while corporate travel accounts provided steady demand. The platform is focusing on ground transport, accommodations, and AI integration to navigate travel headwinds from high jet fuel prices and currency depreciation.