MakeMyTrip's Remarkable Q1 Performance

Online travel giant MakeMyTrip has reported an impressive 22.6% year-on-year increase in net profit, reaching $25.8 million for the quarter ending June 30, 2025. This growth comes despite significant headwinds in the travel sector, showcasing the company's resilience and strategic adaptability.

Revenue Growth and Segment Highlights

Revenue saw a 7.8% rise in constant currency terms, totaling $268.8 million. The bus ticketing and international travel segments were key contributors to this growth. CEO Rajesh Magow highlighted the temporary nature of disruptions, emphasizing the company's strong foundation and optimistic outlook.

International Expansion and Diversification

The international air segment grew by over 21%, accounting for a record 42% of international air bookings. CFO Mohit Kabra pointed out the strategic importance of diversifying offerings, especially in times of muted domestic leisure demand.

Operational Strengths and Future Plans

Adjusted operating profit increased by 21% to $47.3 million, with the bus and ground transport business showing particularly strong performance. The company also reported a 17% growth in hotel-room nights booked, with international hotel bookings making up over a quarter of hotel and package revenue for the first time.

With $804 million in cash and cash equivalents, and following a significant capital raise, MakeMyTrip is well-positioned for future growth. The potential for a domestic IPO remains a medium-term consideration, according to CFO Kabra.