MakeMyTrip (MMYT) Q1 2026 Earnings Call Transcript

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(NASDAQ:MMYT) management directly cited that macro disruptions subdued growth in key domestic segments, but a diversified portfolio enabled sustained momentum in international, bus, and ancillary lines. Multiple product and supply chain expansions were highlighted, including new ancillary service rollouts supported by investments in generative AI. The company completed a significant balance sheet recapitalization and Class B share repurchase following the quarter, resulting in Trip.com becoming the largest minority shareholder with a 16.9% voting interest as of the completion of the share repurchase. Board composition changed with an increase in independent directors and a formal Nomination Committee introduction.

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