MakeMyTrip has reported gains across all divisions for its fiscal first quarter of 2025 ended June 30, 2024.
Gross bookings increased almost 22% in the quarter to $2.4 billion while net profit improved to $45 million, up from $34 million year-over-year. The India-based online travel agency reported revenue of $255 million in same period, up 29% year-over-year.
Air ticketing revenue rose 25% to $58 million for the quarter, hotels and packages revenue increased 28% to
$147 million year-over year and bus ticketing revenue was up 17% to $29 million in the quarter.
Subscribe to our newsletter below
“We are pleased to see a robust start to this fiscal year. We believe that the long-term growth story of India’s travel and tourism sector is fueled by multiple macroeconomic drivers like increasing government investments in travel infrastructure, rising disposable incomes of the…