MakeMyTrip Limited (MMYT) has reported its strongest financial performance for the first quarter of fiscal year 2025, with record-high gross bookings, revenue, and adjusted operating profit. The travel company’s gross bookings surpassed $2.4 billion, marking a 22% increase compared to the previous year.
Revenue saw a significant jump of 31.5% year-on-year, reaching $254.5 million. The adjusted operating profit rose to $39.1 million, a 30% year-on-year growth. MakeMyTrip attributes these robust results to its diversified travel offerings and strategic focus on different travel segments.
Key Takeaways
- MakeMyTrip achieved its highest-ever quarterly gross bookings and revenue.
- The company’s adjusted operating profit increased by 30% year-on-year.
- Targeting various travel segments and offering a broad range of products contributed to growth.
- The relaunch of the MMT Black loyalty program aimed to enhance customer loyalty.
- MakeMyTrip is optimistic about the Indian travel market’s future, given…
