MakeMyTrip Returns to Profit and Highlights From Recent Results
Photo Credit: MakeMyTrip constituted a ‘Host Your Home Cell,’ to facilitate the smooth onboarding of homes. Flickr / Jeremy Barnett
Skift Take
While MakeMyTrip achieved milestone numbers in terms of gross bookings and profitability, the company grappled with certain supply side hiccups during the first quarter of the new fiscal year.
MakeMyTrip said Tuesday that all its travel segments have now grown past pre-pandemic levels, and that it posted its highest-ever quarterly gross bookings at $1.98 billion. Here are other highlights from the online travel agency's quarterly results:
A return to profits: In domestic packages, MakeMyTrip observed a 54% increase in average room nights. It generated revenue of $196.7 million in the quarter, an increase of 38%.
Its profit for the period was $18.6 million versus a loss of $10 million during the same quarter last year.
More inventory for ho
