Summary by Futu AI
MakeMyTrip reported robust Q1 FY2025 results with revenue increasing 29.4% YoY to $254.5 million, driven by strong domestic and international travel demand. The company's adjusted operating profit rose 29.9% to $39.1 million, while adjusted net profit grew 32.6% to $44.5 million. Gross bookings reached $2.38 billion, up 19.8% YoY.All key segments showed strong growth, with Hotels and Packages revenue up 27.5% to $146.8 million, Air Ticketing revenue rising 25.4% to $57.5 million, and Bus Ticketing revenue increasing 17.2% to $29.2 million. The company maintained healthy adjusted margins across segments, with Hotels and Packages at 17.5% and Air Ticketing at 6.4%.Management remains optimistic about India's travel sector growth, citing favorable macroeconomic drivers including government infrastructure investments, rising middle-class disposable income, and increasing travel propensity. The company aims to capitalize on the shift from offline to online booking while expanding its customer base and wallet share.
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