We remain confident of revenue growth in the 20s during normal periods and when external headwinds arise. We rely on the strength and resilience of our platform which offers multiple travel services, serves diverse demand segments to still deliver healthy growth compared to the industry. The other big transformational shift in the digital world is being caused by AI. At Ni' Kma Trip, we see AI not merely as a productivity tool, but as a foundational layer that can redefine travel discovery, planning, booking, servicing and loyalty.

As shared earlier, we have been on our journey to embed Generative AI (GenAI) all through the consumer journey leveraging our own proprietary data. Besides launching Mira, a conversational interface, continuing with the journey, we launched an upgraded and more powerful and intelligent version of Mira where a traveler can now complete consumer journey right from planning to making payments within Mira using multilingual voice feature. It also now enables seamless natural interactions across flights, hotels, buses, trains, cabs and end to end itinerary planning provider positioning itself as a true travel companion what makes India uniquely exciting

Adoption is broad based. Over 45% of usage comes from tier 2 and smaller cities with voice emerging as a key interface. Voice interactions are 50% higher in non metro markets with 70% of queries in English and prompts that are 40% longer and more complex than text inputs. Highlighting deeper engagement and richer intent capture Regional languages are also gaining traction, contributing 10% of voice volume today. Mira has now expanded to seven additional Indian languages, significantly widening accessibility.

Almost 15% of conversations now happen at the trip planning stage where users are still exploring destinations and options. This allows us to influence decision making much earlier and guide users towards more relevant higher value outcomes. This deeper engagement is translating into measurable business impact. Users interacting with Mira across discovery support and booking stages demonstrate 10% higher conversion rates compared to traditional filter led journeys.

By making discovery more intuitive and personalized, Mira is reducing friction and accelerating decision making. During the quarter, myra assisted over 200,000 bookings directly. Customers engaged with our AI agent got their queries resolved and completed a transaction. We are also continuing to enhance our existing consumer journey flow with the use of AI. Our Smart Search feature is now enabling intent led discovery at scale. Smart Search is semantic free text search capability that lets customers describe what they want naturally.

For example, families stay near Waga beach with Jain food or rooftop pool hotel in Jaipur with spa access. Through this feature, customers now receive contextually precise explainable results. This feature delivers much higher conversion versus traditional filter based learnings, clearly demonstrating that understanding intent outperforms matching keywords. We have also enabled user reviews through voice. With this feature we are seeing a fundamental shift in review quality.

Voice reviews are generating lot more content per submission compared to typed reviews. Customers describe their stays naturally in detail in their own language. This richer signal feeds directly into our knowledge graph, improving the quality of AI generated summaries, safety scores and contextual recommendations for future travelers. Voice is becoming the default input for Indian customers increasingly and we are building our content infrastructure around that reality.

We continue to drive AI based interventions in our Redbus brand too. Apart from customer support handling through AI chatbots which have scaled up and yielded about 33% efficiencies, we are now introducing voice bots to replace legacy IVR systems. We are witnessing an initial csat. Additionally, we have scaled up the AI chatbot Ray in the pre booking user journey as well. Adoption has scaled meaningfully. Regional language users show 2x engagement compared to English users, indicating clear resonance among high intent and regional audiences.

Around 6% of total queries come via voice as input. Overall, Ray is emerging as an assist layer that improves decision confidence before booking and deepens engagement in core booking funnels. This is reflected in an overall strong growth in bus ticketing segment driven not just by top metros but the tier 2 cities across the country. Overall we are on our journey to make make my trip an AI native org with engineering, customer support, supply, onboarding, content generation and marketing functions leading the race.

AIM is to keep solving for the long tail and corner use cases as we go along to ultimately have minimal human intervention on customer service without compromise on quality of experience for the customer. India remains one of the most underpenetrated travel markets globally relative to its population and income trajectory. Over the next decade we believe India could become one of the largest travel opportunity markets in the world. Online travel is a multibillion dollar structural growth opportunity and MakeMyTrip Ltd intends to play a central role in enabling that journey.

As we look ahead, our priorities remain clear driving an AI and proprietary data led transformation change in the org to drive the future growth at MMYT. Keep innovating to further strengthen the core offerings with supply side modes and scale our new offerings to the customers first choice to be the customer's first choice as one stop shop for all travel needs both for our retail and corporate customers. Leverage unique positioning of our three strong brands and other distribution channels to expand customer reach.

Thanks Rajesh and hello everyone. The reported financial year presented a challenging operating environment with several external factors impacting travel demand across quarters. The reported quarter was also marred by the West Asia conflict which has impacted westbound international travel and with increasing fuel costs has also led to an increase in domestic airfares. In a highly price conscious market, we were able to partially mitigate the impact of these headwinds by promoting domestic travel with a variety of transport options to suit the varying travel budgets of our customers and promoting eastbound travel within our international travel

offerings. India continues to offer a deep and growing domestic travel opportunity supported by improving infrastructure which is helping open travel demand beyond the traditional destinations. While we are dialing up traditional leisure destinations like Goa, Kerala, Rajasthan and Kashmir, we are now actively promoting the relatively under explored destinations of for example, the Northeast. We are also tapping into the potential of pilgrimage plus pleasure trips, combining visits to pilgrimage destinations with activities or holiday options in or around those destinations.

Short duration drive down holidays or breaks are also gaining popularity and we are curating more of such options for our customers across the length and breadth of the country. This is being done by curating relevant supply, strengthening partnerships and targeting customers with more contextual offerings as well as curating destinations and products where the travel confidence and affordability remains strong. For customers who are finding increasing airfares as a deterrent to travel, we have dialed up our ground transport offerings to retain or spur up domestic travel demand.

We have added new supply to take the private bus inventory to an average of 46,000 daily schedules during the reported quarter. To channel new supply of routes to higher demand categories or sectors, we have revamped the route suggestions module for our suppliers of bus services. This enables them to figure out routes that have unmet demand and add more inventory on those routes. As a result, our bus ticketing volumes for the quarter grew by 27.6% year on year and for the full year grew by 32.9% year on year.

And the intercity cabs business, which is a relatively new business, has also seen growth at over 20%. Demand on a variety of these routes was also aided by regional festivals during the quarter As a result of providing variety of transport options that suit the travel budgets of our varied customers, we were able to deliver strong volume growth of 15.2% in our accommodation business which includes hotels, homestays and holiday packages. It might be relevant to call that as per HPS analog research, the occupancy in the accommodation industry during the reported quarter is likely to or slightly negative on a year on year basis.

This year on year growth of 15. 2.2% is also notable as it has come in in a quarter which has been impacted by the high base of Kumbh related one time demand in the same quarter of last year. Long weekends and drive down holidays are emerging as important growth drivers as more consumers or customers increasingly look for short haul, convenient and value oriented travel options. We recorded our highest ever domestic hotel check INS on the 24th of January weekend, crossing 200,000 room nights on a single day for the first time.

One particularly notable trend is the rise of spiritual and pilgrimage tourism. Accommodation bookings for spiritual destinations have continued to demonstrate strong momentum even after the event of last year, highlighting the structural rise of pilgrimage and faith based tourism in India. Pilgrimage has always been embedded in India's culture. We are witnessing now a growing wave with more and more Indians across age groups actively choosing spiritual travel as part of their lives.

This also reflects that travel in India is increasingly emotional, cultural and experience driven and not just transactional. We continue to differentiate ourselves through unmatched spread and selection, offering customers a breadth of inventory across destinations, price points as per their travel needs. This extensive choice combined with our strong platform experience allows us to serve a wide range of travel preferences more effectively. We now have over 100,000 accommodation options available on the platform covering more than 2050 cities and in the country.

During the last year we sold room nights for over 12,000 new properties for the first time on our platforms. In the homestay segment we continue to invest in building the category and are enhancing our product proposition to improve customer experience and broaden the appeal of these kind of stays. We believe this remains an important long term opportunity and we are focused on on strengthening the value proposition for both travelers as well as our supply partners.

We launched Quick Commerce and food delivery Serviceability status on relevant property page details for many of such accommodations. Surfacing availability of essentials and food delivery upfront improves trip planning convenience for our customers and reduces the pre booking anxiety. We also enhanced visibility of caretaker and on site support information across these listings. Clearer disclosure of presence, availability and responsibilities helps the guests better assess the stay experience and on the ground and provide on ground assistance.

This is going to add to our strength of the holidays business, particularly on the international side coming to our integrating business. This was impacted by a combination of supply side and geopolitical factors. During the first three quarters, the domestic aviation market was affected by geopolitical issues and capacity constraints leading to limited growth. Despite underlying demand remaining healthy in the fourth quarter, the West Asia conflict has created uncertainty and impacted westbound traffic from India.

This has impacted both international air ticketing as well as international accommodation business for us. Some of this uncertainty is continuing in the current quarter as well. Elevated crude oil prices and a depreciating rupee are weighing on international travel, though both higher airfare and softer discretionary demand for outbound trips. This is also leading to profitability pressures for the airlines and some of the airlines have already curtailed their international capacity during the reported quarter.

Both domestic and international flight departures witnessed degrowth as compared to the same quarter last year. While domestic flown passenger market for the quarter declined by 1.5% year on year, the decline in the international passenger traffic was even higher at 6% year on year. We continue to grow in line with the industry while maintaining our leading market share in the air ticketing business. Just as our booking of travel services including mobile, including multiple transport options is helping us meet the travel budgets of our varied retail customers, our differentiated demand segments are also helping us drive better than industry growth.

While the West Asia crisis has had a higher impact on retail demand, corporate demand continues to remain strong. Our corporate travel businesses via Both our platforms, that is MyBiz and Quest2Travel saw not only growth from existing accounts but also new acquisition. Our active customer count on Mybiz is now over 76,800 corporates compared to 64,000 of them during the same quarter last year. Similarly for Q2T, the active customer count has now reached 548 large corporates compared to 507 such corporates during the same quarter last year.

Across the two platforms, we now service over 1500 large corporate customers. Lastly, we made a strategic minority investment and visa servicing agreement with Atlas Visa, a visa processing platform. This investment will allow makemytrip travelers to benefit from a streamlined visa application process as well as create an opportunity for MakeMyTrip to cross sell its travel offerings to the customer base of Atlas Visae. Before I hand over the call to Deepak to present the financial summary, I would like to call out that we remain cautiously optimistic in view of the ongoing geopolitical issues.

Just as Covid offered us a silver lining in terms of utilizing the team to invest in new platforms to tap into corporate and small travel agent demand, we are now investing in an AI first approach to build AI enabled platforms for the future. This will span across our investments in product innovation, personalization, supplier partnerships, service reliability and building platform native revenue streams to drive traffic monetization. It will also be important to call out that we have built a playbook to manage demand volatility with a disciplined approach on optimizing costs in line with market conditions and ensuring operating leverage in our

IFRS revenue grew by 10.7% YoY in constant currency. Our results from operating activities, which is equivalent to EBIT, was at $156 million in FY26, witnessing a strong growth of 30.1% YoY even in an impacted year. We continue to improve our unit economics through better mix operating discipline and steady execution across the platform. As a result, overall profitability for the year improved meaningfully. Adjusted operating profit margin expanded to 1.82% of gross booking in FY26 compared to 1.71% in FY25.

Importantly, even in a quarter that was impacted by external events, we were able to maintain profitability which reflects the strength of our business model and benefits of disciplined cost management. Moving on to our segment results for the quarter, our air ticketing adjusted margin stood at 99.3 million, registering a YoY growth of 10.7 YoY in constant currency while the volume declined due to disruption. We achieved robust growth in adjusted margin on the back of a strong ancillary attached and better unit economics.

For the hotels and packages segment we recorded strong volume growth of 15.2% YoY with standalone hotels growing faster at 15.5% YoY on the back of a strong demand in domestic hotel segments. International hotel segment growth was impacted this quarter due to the conflict. Like International Air as explained last quarter we are witnessing a mixed shift between the hotel segment by GST reduction leading to a lower ASP (Average Selling Price). In line with this the shift our gross booking growth was at 10.8% YoY in constant currency and adjusted margin growth was at 11.5% YoY in constant currency for the full year.

Hotel and packages adjusted margin growth was at 15.7% yoy in constant currency. In our bus ticketing business the adjusted margin stood at 41.1 million registering a YoY growth of 17.1% in constant currency terms. This is little lower than the trend due to the impact of one time Kumbh-related demand in quarter four of last year. Our ancillary business which is part of other segment is scaling up well. This is helping us get a larger share of wallet of our customers by building.

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