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MakeMyTrip posts record breaking numbers for Q3, revenue up by 26.2% y-o-y

MakeMyTrip

MakeMyTrip announced record quarterly revenue of $267.4 million, a 26.2% surge year over year. Gross bookings for the quarter reached $2.61 billion, reflecting strong demand across air, hotel, and other travel segments. Adjusted operating profit also saw substantial growth, reaching $46.0 million compared to $33.4 million in the same period last year.

“The Indian travel and tourism sector is witnessing robust growth, reflecting a strong desire among travellers to explore new horizons,” said Rajesh Magow, Group Chief Executive Officer of MakeMyTrip. “While Indian destinations continue to shine, many countries have made significant efforts to attract Indian travellers. This quarter’s strong performance reflects these macrotrends and our focused execution and commitment to customer centricity.”

 

Mohit Kabra, MakeMyTrip’s Group Chief Financial Officer, said, “Our robust financial performance this quarter across all lines of business underscores our strong execution of strategic priorities and the resilience of the travel sector. Our disciplined approach to cost management, combined with targeted investments in technology and customer experience, has enabled us to capitalize on growing travel demand and drive profitable growth.”

On the back of India’s rising air passenger traffic, projected to reach 480 million by 2027, according to IATA, MakeMyTrip witnessed a 20.0% quarter-over-quarter growth in its air ticketing business.

 

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