MakeMyTrip clocks record gross bookings of $9.8 billion in financial year 2025

Nasdaq listed MakeMyTrip clocked report gross bookings of $ 9.8 billion in financial year 2025 and a revenue of $ 95.3 million. The corporate reported gross bookings of $ 2.5 billion for the fourth quarter of the fiscal and a revenue of $ 29.2 million for the quarter beneath overview.

The corporate mentioned the revenue of $171.9 million in quarter 4 of fiscal 12 months 2024 features a one-time internet credit score of $126.1 million on recognition of deferred tax belongings and a one-time achieve of $30.6 million as a result of change in carrying worth of its convertible notes due 2028 measured at amortized price. Excluding these one-time good points, revenue for quarter 4 of fiscal 12 months 2024 was $15.2 million. “We delivered report gross bookings and income this fiscal 12 months with strong progress and increasing margins underscoring the energy of our platform, the recognition of our manufacturers, and the sustained momentum in each home and international travel demand,” mentioned Rajesh Magow, group CEO, MakeMyTrip.

“Our investments in new demand segments and customized buyer experiences throughout our platform have helped us to develop our buyer base in addition to drive excessive repeat bookings,” he added.

He mentioned excessive progress price has come from the brand new customers in addition to from the prevailing clients.

“In the course of the 12 months we added greater than 9 million clients, taking the lifetime transacted consumer base to 82 million now. Lot of the brand new customers have come from Tier 2 and Tier 3 cities signifying our manufacturers penetration into Deeper India. However, our repeat price in 1 / 4 continues to be very wholesome at 70%+,” mentioned Magow.

The Worldwide outbound market was recognized as a progress alternative for us this fiscal 12 months, mentioned Magow.

“We have now been strengthening our product proposition to higher serve the wants of this market, and we noticed the specified outcomes coming by way of. For monetary 12 months 2025, our Worldwide Air Ticketing income grew by over 33% 12 months on 12 months far outpacing business progress. Equally, our worldwide inns income grew by over 65% 12 months on 12 months making this considered one of our quickest rising enterprise segments. Our worldwide enterprise now contributes 25% to the general income, up from 22% throughout monetary 12 months 2024,” he added.