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MakeMyTrip quarterly revenue jumps on booming travel demand

YourStory

YourStory · 6m ago

MakeMyTrip quarterly revenue jumps on booming travel demand

MakeMyTrip experienced a significant 26.2% revenue increase in Q3 2025, totaling $267.4 million, driven by strong travel demand, especially in air ticketing and hotels. Its hotel segment rose by 17.2%, while gross bookings rose by 21.9%. Profits climbed to $27.1 million from $24.2 million. The company's CEO attributes this growth to macro travel trends and customer focus. Additionally, MakeMyTrip acquired HAPPAY for $11.7 million to expand in travel and expense management.

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Related News

Easy Trip loses booking war with MakeMyTrip in key holiday quarter

Economic Times

Economic Times · 1y ago

Easy Trip loses booking war with MakeMyTrip in key holiday quarter

Easy Trip Planners, an online travel aggregator in India, experienced its slowest quarterly revenue growth, while rival MakeMyTrip achieved record-high bookings during the holiday quarter. Easy Trip's revenue for the third quarter increased by 18%, reaching Rs 161 crore ($19.4 million), as compared to the rapid growth it had seen since going public. The travel industry in India is booming, but online aggregators like Easy Trip face tough competition from MakeMyTrip, known for its lower charges and better service. Easy Trip aims to strengthen its non-air travel business through strategic investments.

Ixigo IPO: A look at the online travel aggregator’s listed rivals

Economic Times

Economic Times · 1y ago

Ixigo IPO: A look at the online travel aggregator’s listed rivals

Ixigo, the online travel company, made its stock market debut with a 45% premium over its issue price. The IPO of Le Travenues Technology, which operates Ixigo, was oversubscribed 98 times, showcasing strong demand. Other players in the travel sector, like Makemytrip, Yatra, and Easemytrip, have also seen varying performances. Makemytrip recorded record profit and gross bookings, Yatra reported a loss, and Easemytrip posted an increase in revenue and profit. The online travel aggregator industry faced challenges during the Covid-19 pandemic but quickly recovered as the demand for travel increased.

‘MakeMyTrip’s next phase of growth to come from corporate, intercity travel and homestays segments’

Thehindubusinessline

Thehindubusinessline · 1y ago

‘MakeMyTrip’s next phase of growth to come from corporate, intercity travel and homestays segments’

MakeMyTrip, a leading company in the hotel and air travel sectors, is focusing on growth in corporate, bus, and inter-city travel segments. The corporate business unit has shown steady growth of 30-40% year-on-year and is expected to surpass current market leader Yatra.com. MakeMyTrip's revenue mix has also shifted, with hotels and accommodations contributing 45% of revenue. The company anticipates further growth in the hotel segment, along with homestays and investments in intercity cab services. With increasing demand from the middle class and infrastructure expansion, MakeMyTrip expects the overall travel industry in India to grow.

Expedia beats profit estimates, announces $5 billion share buyback

Economic Times

Economic Times · 1y ago

Expedia beats profit estimates, announces $5 billion share buyback

Online travel booking company Expedia Group has announced a $5 billion share buyback plan following a better-than-expected quarterly profit. The company experienced a boost in demand for international travel, leading to resilient demand and higher rates, which increased margins. The rise in bookings during the Independence and Labor Day holiday weekend also contributed to its strong performance. Expedia's quarterly revenue rose 8.6% to $3.93 billion, surpassing estimates of $3.86 billion. Shares of the company rose by 10% after the announcement.

MakeMyTrip expands services to over 150 countries

Inshorts · 1y ago

MakeMyTrip expands services to over 150 countries

Online travel company MakeMyTrip (MMT) on Monday said its services are now available across the world. Previously operational in India, the USA, and the UAE, MakeMyTrip is now available in 150 countries, including major travel markets like the UK, Germany, Japan, Italy, and France for travel bookings, said a statement by the company.

Decoding the financial performance of India's top OTA players

Entrackr

Entrackr · 1y ago

Decoding the financial performance of India's top OTA players

India's top online travel agency (OTA) players, including MakeMyTrip, Ixigo, EaseMyTrip, and Yatra Online, have reported significant growth and profitability in the last financial year. MakeMyTrip led the pack with a 95% increase in operating revenue, making the majority of its revenue from hotels and packages. Ixigo also saw growth and turned profitable, while EaseMyTrip achieved impressive growth and profitability mainly through air ticketing. Yatra Online also witnessed growth and profitability, generating revenue from air ticketing, hotels and packages, and advertising. However, Cleartrip experienced a decline in scale and increased losses. The market remains attractive for these players due to the expanding middle class and rising overseas travel.

Travel planning platform Holidify merges with TripCrafters

IndianStartupNews

IndianStartupNews · 1y ago

Travel planning platform Holidify merges with TripCrafters

Travel planning platforms Holidify and TripCrafters have merged, with TripCrafters becoming a wholly-owned subsidiary of Holidify. Despite the merger, TripCrafters will retain its independent brand identity and focus on aiding travel agents to expand their businesses. Holidify offers diverse services such as holiday packages and travel guides, collaborating with online travel agencies (OTAs), while TripCrafters connects travelers with over 3,000 specialized travel agents for package bookings. The merged entity aims to compete with established players like MakeMyTrip and EaseMyTrip in the curated holiday market. Both Holidify and TripCrafters have achieved profitability without external funding, projecting a significant increase in annual revenue.

Ixigo takes on MMT with trip guarantee feature for train travelers

Entrackr

Entrackr · 7m ago

Ixigo takes on MMT with trip guarantee feature for train travelers

Full-stack online travel aggregator (OTA) Ixigo has launched a travel guarantee feature for train travelers, positioning itself as a direct competitor to its arch-rival, MakeMyTrip. The Gurugram-based company claims that its new feature provides a 3X refund (1X ticket refund and 2X wallet refund) if a traveler’s waitlisted PNR fails to confirm. This feature also allows passengers to explore and book alternative last-minute travel options, with the added benefit of higher monetary compensation for unconfirmed train tickets. According to Ixigo, this initiative aims to tackle the challenges of long waitlists during peak travel periods while protecting passengers from last-minute fare hikes. 'This not only provides greater financial value but also empowers travelers to rebook their journey through alternate travel options without having to worry about last-minute fare hikes. With this initiative, we aim to make train travel more reliable, convenient, and worry-free for everyone,' said Dinesh Kumar Kotha, CEO of Ixigo Trains in a stock exchange filing. MakeMyTrip introduced a similar feature in 2021, offering 3X refunds under the scheme. The new feature is expected to resonate well with Ixigo users, as the company dominates the train-booking space, generating 53% (Rs 110 crore) of its revenue from train bookings last quarter. Ixigo reported total revenue of Rs 206 crore and a PAT of Rs 13 crore in Q2 FY25. In comparison, India's largest OTA, MakeMyTrip, reported Rs 1,772 crore in revenue for Q2 FY25 but did not provide a detailed income breakdown for train bookings.

MakeMyTrip secures majority stake in intercity car rental provider Savaari

OutlookIndia

OutlookIndia · 1y ago

MakeMyTrip secures majority stake in intercity car rental provider Savaari

Travel aggregator MakeMyTrip has completed its acquisition of a majority stake in intercity car rental service provider Savaari. Savaari will continue to operate independently with its existing leadership team. MakeMyTrip aims to transform the largely unorganized intercity market through technology and deeper consumer understanding. The company sees this acquisition as an opportunity to extend its leadership position in ground transportation, similar to its success in intercity private bus transport with redBus. MakeMyTrip's Q3 FY2023-24 results also showed significant growth in gross bookings, revenue, and profit.

Easemytrip founder accuses MakeMyTrip of having deep Chinese ties; says armed forces data not safe with portal

Economic Times

Economic Times · 2m ago

Easemytrip founder accuses MakeMyTrip of having deep Chinese ties; says armed forces data not safe with portal

Easemytrip founder Nishant Pitti accused rival MakeMyTrip of compromising the data of Indian Armed Forces personnel by having significant Chinese ownership. Pitti argued that MakeMyTrip's majority Chinese ownership poses a security risk, as sensitive travel data, including Defense IDs and travel routes, could be exposed. He pointed out that half of MakeMyTrip’s board has direct ties to China and criticized recent board changes as superficial attempts to hide Chinese influence. MakeMyTrip dismissed these allegations as motivated.

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