MakeMyTrip Limited (NASDAQ: MMYT), a leading online travel company, announced its fiscal 2025 second-quarter results, showing a significant year-on-year growth in gross bookings and adjusted operating profit. Despite heavy rainfall impacting demand, the company reported a gross booking value of $2.3 billion, a 24.3% increase in constant currency terms.
The adjusted operating profit was up by 33% to $37.5 million. The company’s expansion in supply and AI-driven enhancements contributed to its performance, outpacing industry growth. International air ticketing and hotel revenues saw substantial increases, and the company’s expanded hotel offerings now span across 165 countries. The corporate travel segment and customer loyalty initiatives also showed promising development.
Key Takeaways
- Gross booking value rose to $2.3 billion, a 24.3% year-on-year increase in constant currency terms.
- Adjusted operating profit grew by 33% to $37.5 million.
- International air ticketing revenue grew by…
