MMYT Latest Report

Performance of the Quarterly Report

Based on the financial data provided, MakeMyTrip's total operating revenue as of December 31, 2024 was RMB267,362,000, up 24.83% from RMB214,216,000 as of December 31, 2023. This growth reflects the company's positive performance in market demand and business expansion, demonstrating its strong growth momentum in the competitive online travel market.

Key Data in the Financial Report

1. MakeMyTrip's total operating revenue grew by 24.83%, indicating strong market demand and business expansion.

2. EBIT margin improved to 9.5%, showing enhanced profitability.

3. Supportive market consumption policies boosted the willingness of citizens to travel, driving revenue growth.

4. MakeMyTrip's international business layout, especially the rapid growth of the Trip.com platform, became a significant factor in boosting revenue.

5. The company optimized products and services, offering diversified travel products to meet consumer needs and boost revenue.

Peer Comparison

1. Industry-wide analysis: The overall travel industry experienced a recovery in 2024, benefiting from the rebound in consumer travel intentions after the pandemic, with many companies in the industry achieving significant revenue growth. This trend indicates strong consumer demand for travel, which is expected to continue.

2. Peer evaluation analysis: MakeMyTrip's revenue growth rate of 24.83% stands out in the same industry, demonstrating its competitiveness and attractiveness in the market. Compared with the industry average, MakeMyTrip's growth rate is higher than many competitors, further solidifying its market position.

Summary

MakeMyTrip's revenue growth in 2024 is driven by multiple factors, including increased market demand, business expansion, and the exercise of competitive advantages. The company's efforts in optimizing products and services, strengthening marketing, and diversifying travel products further enhance its position in the online travel market, showing good development potential.

Opportunities

1. Continue to optimize products and services to meet consumer demand for high-quality travel experiences, driving revenue growth.

2. Utilize digital marketing strategies to enhance market competitiveness and improve customer loyalty and satisfaction.

3. Expand international business, especially the further growth of the Trip.com platform, to continuously boost overall revenue.

4. Seize opportunities from tourism consumption policies to promote the growth of the domestic travel market.

Risks

1. Intensified competition in the travel industry may put pressure on MakeMyTrip's market share.

2. Economic fluctuations may affect consumer travel intentions, thus affecting revenue.

3. Uncertainty in international business layout may bring foreign exchange and market risks.

4. Rising operating costs may pose a challenge to the company's profitability.