The following is a summary of the MakeMyTrip Limited (MMYT) Q2 2025 Earnings Call Transcript:
Financial Performance:
MakeMyTrip reported a gross booking value of $2.3 billion for the quarter, reflecting a 24.3% year-on-year growth in constant currency terms.
Adjusted operating profit reached $37.5 million, showing a year-on-year increase of approximately 33%.
Revenue growth was stronger at 26.5% year-on-year in constant currency.
Business Progress:
Expanded the international hotels outbound business by revamping the booking experiences and targeting Indian consumers with localized offerings.
Increased the air-ticketing business margin by 21.1% year-on-year in constant currency.
Grew the accommodation business with a 21.4% increase in adjusted margin year-on-year in constant currency terms.
Launched a new co-branded credit card to enhance customer acquisition and retention.
Launched the GenAI chatbot 'Myra' for enhanced customer interaction and support.
Opportunities:
Leveraging India's economic growth and increasing digitalization to expand in the travel and tourism sectors.
Targeting a growing consumer class in India with tailored travel packages and experiences.
Expanded supply-side to address a broader array of customer segments and preferences.
Risks:
Unusual heavy rainfall impacting demand but considered a short-term effect with recovery observed.
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