"Please. I mean, I've only benefited from it!'' she laughed.
Menzel was at the Oscars to perform Let It Go from Disney film Frozen, which went on to win the trophy for Best Original Song.
Menzel, who has won a Tony Award for her star performance in the hit musical Wicked, admitted to being "very Zen'' before she took to the stage.
"I had all of these visuals set for myself, the meditations,'' she recalled.
''[But the Travolta gaff] threw me for a minute,'' she laughed. "But then I just got back on track and reminded myself of where I was, and what a beautiful moment it was.''
Menzel has made a triumphant return to Broadway, where she originally started out in the lead role in Rent back in 1996.
She is now starring in the stage musical If/Then, an original story of two people leading parallel lives.
Variety reports the show raked in more than $US900,000 ($A997,616.80) in its first week of previews