MakeMyTrip Reports Strong Q3 FY25 Earnings with Record Revenue and Profit Growth
Strong Profit Growth and Robust Revenue Performance
MakeMyTrip, the Nasdaq-listed online travel aggregator, has reported a notable increase in both profits and revenue for the quarter ended December 31, 2024 (Q3 FY25). The company’s profit surged to $27.1 million, reflecting an 11.8% year-on-year (YoY) growth from the $24.2 million reported in the same quarter of the previous year. This performance highlights the company’s ability to maintain a strong foothold in the highly competitive travel sector, especially amid global economic uncertainty and evolving travel trends.
In terms of revenue, MakeMyTrip saw an impressive 24.8% YoY jump, reaching $267.4 million in Q3 FY25, compared to $214.2 million in Q3 FY24. This strong growth in top-line performance can be attributed to various strategic initiatives and expanding customer demand, especially in the hotels and packages business, which was the primary driver behind the surge in revenue. The increase in both revenue and profit underscores the company’s successful execution of its business strategies and its ability to capitalize on travel demand recovery.
Hotels and Packages Business Leads the Growth
The most significant contributor to MakeMyTrip’s robust revenue growth in Q3 FY25 was its hotels and packages business, which generated $121.9 million in revenue during the quarter. This marked a 24.9% increase from the previous year, reflecting a strong recovery in the hospitality segment. The company’s wide range of offerings, including customizable travel packages and competitive pricing, has attracted a growing number of customers seeking quality accommodations and memorable experiences.
The hotels and packages business has proven to be resilient, driven by a combination of factors, including an increase in both domestic and international tourism, greater consumer confidence in post-pandemic travel, and the company’s continued investment in marketing and partnerships. The success of this segment has not only bolstered MakeMyTrip’s overall revenue but also reinforced its market position as a leading online travel aggregator in India and abroad.
Significant Growth in Bus Ticketing Revenue
In addition to its hotels and packages business, the most substantial growth for MakeMyTrip came from its bus ticketing arm. This segment saw a remarkable increase in revenue, highlighting the growing popularity of intercity bus travel. The surge in demand for affordable and convenient transportation options, particularly in the wake of the pandemic, has significantly benefited MakeMyTrip’s bus ticketing service. The company’s investment in technology, user experience, and partnerships with bus operators has contributed to the segment’s strong performance.
Bus ticketing revenue growth demonstrates the company’s ability to tap into diverse travel segments and adapt to changing consumer preferences. It also reflects a broader trend in India, where there is an increasing demand for intercity travel solutions that provide both comfort and affordability. As the demand for bus travel continues to rise, MakeMyTrip is well-positioned to further capitalize on this growth opportunity.
Outlook and Future Growth Potential
Looking ahead, MakeMyTrip remains optimistic about its growth prospects. The company’s strong financial performance in Q3 FY25 sets a solid foundation for continued success in the coming quarters. With the travel industry continuing its recovery from the pandemic, and an increasing appetite for both domestic and international travel, MakeMyTrip is well-positioned to expand its customer base and revenue streams.
The company’s focus on diversifying its offerings across various travel verticals, such as flights, hotels, and bus ticketing, gives it a competitive edge in an increasingly fragmented market. As consumer confidence grows and travel patterns evolve, MakeMyTrip’s investment in customer service, technology, and partnerships will likely pay off, ensuring continued growth and profitability.
In conclusion, MakeMyTrip’s Q3 FY25 results reflect a healthy and growing business with a diversified revenue base, strong performance across its core segments, and a positive outlook for the future. As the travel industry continues to rebound, the company’s ability to adapt and innovate will be key to sustaining its success in the coming years.
![Leap Secures $65 Million in Series E Funding to Accelerate Growth in Overseas Education Sector]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/02\/brand-16-170x203.jpg","width":170},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/02\/brand-16-270x152.jpg","width":270},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/02\/brand-16-475x267.jpg","width":475}})
![Slice in Talks to Raise $250-$300 Million as It Expands Post-Merger with North East Small Finance Bank]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/02\/brand-14-170x203.jpg","width":170},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/02\/brand-14-270x152.jpg","width":270},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/02\/brand-14-475x267.jpg","width":475}})
![MobiKwik’s Chandan Joshi Resigns as CEO of Payments Division]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/01\/brand-13-170x203.jpg","width":170},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/01\/brand-13-270x152.jpg","width":270},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/01\/brand-13-475x267.jpg","width":475}})