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

Nasdaq listed MakeMyTrip clocked record gross bookings of $ 9.8 billion in financial year 2025 and a profit of $ 95.3 million. The company reported gross bookings of $ 2.5 billion for the fourth quarter of the fiscal and a profit of $ 29.2 million for the quarter under review.

The company said the profit of $171.9 million in quarter four of fiscal year 2024 includes a one-time net credit of $126.1 million on recognition of deferred tax assets and a one-time gain of $30.6 million due to the change in carrying value of its convertible notes due 2028 measured at amortized cost. Excluding these one-time gains, profit for quarter four of fiscal year 2024 was $15.2 million.

“We delivered record gross bookings and revenue this fiscal year with robust growth and expanding margins underscoring the strength of our platform, the popularity of our brands, and the sustained momentum in both domestic and international travel demand," said Rajesh Magow, group CEO, MakeMyTrip.

"Our investments in new demand segments and personalized customer experiences across our platform have helped us to grow our customer base as well as drive high repeat bookings," he added.

He said high growth rate has come from the new users as well as from the existing customers.

"During the year we added more than 9 million customers, taking the lifetime transacted user base to 82 million now. Lot of the new users have come from Tier 2 and Tier 3 towns signifying our brands penetration into Deeper India. On the other hand, our repeat rate in a quarter continues to be very healthy at 70%+," said Magow.

The International outbound market was identified as a growth opportunity for us this fiscal year, said Magow.

"We have been strengthening our product proposition to better serve the needs of this market, and we saw the desired results coming through. For financial year 2025, our International Air Ticketing revenue grew by over 33% year on year far outpacing industry growth. Similarly, our international hotels revenue grew by over 65% year on year making this one of our fastest growing business segments. Our international business now contributes 25% to the overall revenue, up from 22% during financial year 2024," he added.