Financial results from MakeMyTrip (India) confirm the good shape of the Indian travel market. With a 1.4 bn population and growing income per capita, companies like MakeMyTrip, Yatra, OYO see the country as the focus market, although trying to expand globally as well.
MakeMyTrip, three months ended June 30 (the first quarter of 2024 in its fiscal calendar): Gross bookings were $1.98 bn (+31% YoY), revenue $197 m (+38% YoY), adjusted operating profit $30 m (+82% YoY).
Source: https://www.phocuswire.com/makemytrip-q1-2024?utm_source=newsletter&utm_medium=email&utm_campaign=Daily&oly_enc_id=4602I3427778D7A