MakeMyTrip Ltd (NAS:MMYT)

Q4 2025 MakeMyTrip Ltd Earnings Call Transcript

May 14, 2025 / 11:30 AM GMT

Release Date Price: $105.09 (-1.41%)

Transcript

Key Points

Positve

MakeMyTrip Ltd (MMYT) achieved a record performance in fiscal year 2025 with a gross booking value of $9.8 billion, marking a 25.9% year-on-year growth in constant currency terms.
The company reported an all-time high adjusted operating profit of $167.3 million, reflecting a 34.7% year-on-year increase.
MakeMyTrip Ltd (MMYT) expanded its user base significantly, adding over 9 million new customers, with a strong penetration into tier 2 and tier 3 towns in India.
The international business segment showed robust growth, with international air ticketing revenue increasing by over 33% and international hotels revenue growing by over 65% year-on-year.
The company has successfully integrated AI-driven features across its platform, enhancing user experience with tools like Myra.AI for trip planning and various generative AI-powered features for decision-making and customer support.

Negative

The recent geopolitical tensions between India and Pakistan led to a noticeable dip in bookings, particularly affecting the northern region of India.
Despite strong growth, the domestic air market supply growth was slower than expected, at about 9.5% year-on-year.
The company faces potential competition from new entrants leveraging generative AI, which could pose a threat to its market position.
MakeMyTrip Ltd (MMYT) is operating in a highly competitive market with both traditional and digital competitors, which could impact its market share.
The company has not yet reached the lower end of its medium-term margin guidance of 1.8% to 2%, indicating room for improvement in operational efficiency.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MMYT.OQ - MakeMyTrip Ltd
Q4 2025 MakeMyTrip Ltd Earnings Call
May 14, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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And investor relations at Make My Trip Limited.

To our fiscal 2025, 4th quarter and full year earnings webinar.

It will be hosted by the company's leadership team comprising Rajesh Margo, our co-founder and group Chief Executive Officer, and Mohit Kara, our group Chief Financial Officer. As a reminder, this live event is being recorded by the company and will be made available for replay on our IR website shortly after the conclusion of today's event. At the end of these prepared remarks, we will also be hosting a Q&A session. Furthermore, certain statements made during today's event may be considered forward-looking statements. Within the meaning of safe harbor provision of the US Private Securities Litigation Reform Act

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