MakeMyTrip Limited (NASDAQ: MMYT), India’s leading online travel company, has reported a significant financial upturn in fiscal year 2024, with gross bookings reaching an all-time high of $8 billion and an adjusted operating profit of $124 million, a substantial increase from $70 million the previous year.
The company’s expansion has been fueled by diversification in demand segments and personalized travel offerings, alongside a strategic focus on sustainable tourism in collaboration with state governments. The earnings call also highlighted the company’s robust performance across various transportation sectors, international expansion plans, and a commitment to innovation and customer experience.
Key Takeaways
- MakeMyTrip achieved a record gross booking value of $8 billion in FY24.
- Adjusted operating profit soared to $124 million from $70 million in the previous year.
- International air ticketing business grew by 33%, while the recommendation business observed a 41% growth in adjusted…