triloks/E+ via Getty Images Elevator Pitch I rate MakeMyTrip Limited (NASDAQ:MMYT) as a Buy. The long-term top-line growth prospects for MMYT are positive, and the company is well-positioned for margin expansion with multiple profitability improvement levers. Company Description MakeMyTrip calls itself a "travel service provider in India" that owns "well-recognized travel brands" in the company's announcements. MMYT's Key Statistics At A Glance MakeMyTrip's Investor Presentation Slides An Overview Of MakeMy ...

Financial Data and Key Metrics Changes - The company reported gross bookings for the quarter at $2.5 billion, reflecting a year-on-year growth of 21.7% in constant currency terms [20] - Adjusted operating profit grew by 70% year-on-year to $33.4 million compared to $19.7 million in the same quarter last year [24] - EBITDA more than doubled to $29.4 million from $14.3 million during the same quarter last year [24] Business Line Data and Key Metrics Changes - The international air ticketing business has fully recovered and is growing above pre-pandemic levels, with gross bookings reaching $1.3 billion, a year-on-year growth of 19.8% [21][57] - The accommodation business, including hotels and packages, saw strong growth, with over 63,000 unique domestic hotels sold across 1,760 cities [54] - The bus ticketing business reported gross bookings of $269.8 million, growing at 20.3% year-on-year in constant currency [128] Market Data and Key Metrics Changes - Domestic aviation traffic is expected to double by 2030, with significant investments in travel infrastructure, including $11 billion in airport modernization [20] - India is projected to become the fifth largest outbound market by 2027, with outbound travel recovering to pre-pandemic levels [52][53] Company Strategy and Development Direction - The company aims to enhance its platform by adding more products and use cases, focusing on personalization for corporate travelers [2] - There is a strong emphasis on improving customer experience and leveraging technology to drive efficiencies and growth in both B2B and B2C segments [115][119] - The company is committed to maintaining a competitive edge through continuous innovation and enhancing customer journeys [101][142] Management's Comments on Operating Environment and Future Outlook - Management noted a positive outlook driven by increased consumer travel frequency and infrastructure improvements [35][137] - The company is optimistic about the growth potential in the outbound travel segment, driven by rising disposable incomes and improved connectivity [42][74] - There is a recognition of healthy competition in the market, with a focus on profitability rather than aggressive market capture [47][120] Other Important Information - The company has a strong cash position of approximately $608 million, allowing for potential buybacks and investments [117][81] - The integration of new features, such as multi-room booking and enhanced personalization, is expected to drive customer engagement [123][72] Q&A Session Summary Question: What specific benefits did the hotels and packages business experience this quarter? - Management indicated that demand across all segments increased, with the Cricket World Cup contributing to heightened travel appetite [27][28] Question: How is the international outbound travel segment performing? - The company reported strong growth in holiday packages, particularly in the outbound segment, with significant contributions from B2B channels [31][32] Question: What is the outlook for competition in the travel market? - Management believes that competition remains healthy, with a focus on profitability rather than aggressive tactics [47][120] Question: How does the company view the operating leverage in the business? - The company aims to maintain growth while managing costs effectively, with expectations of improved margins over the next few years [48][95] Question: What are the plans for cash utilization moving forward? - The company is considering buybacks as a viable option, given its strong cash reserves and limited M&A opportunities [81][96]

Exhibit 99.1 MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2024 THIRD QUARTER RESULTS Gurugram, India and New York, January 23, 2024 — MakeMyTrip Limited (NASDAQ: MMYT), India's leading travel service provider, today announced its unaudited interim financial and operating results for its fiscal third quarter ended December 31, 2023. | | | | | | | YoY | | | | | YoY | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | For the three | | For the three | | Change | For the nine | | For the nin ...

MakeMyTrip Limited (NASDAQ:MMYT) Q2 2024 Earnings Conference Call October 31, 2023 7:30 AM ET Company Participants Vipul Garg - Vice President of Investor Relations Rajesh Magow - Co-Founder, Group CEO & Director Mohit Kabra - Group Chief Financial Officer Sachin Salgaonkar - Bank of America Vijit Jain - Citi Gaurav Rateria - Morgan Stanley Ashwin Mehta - AMBIT Capital Aditya Chandrasekar - UBS Vipul Garg Hello, everyone. I'm Vipul Garg, Vice President, Investor Relations at MakeMytrip Limited, and welcome ...

(1) Constant currency refers to our financial results assuming constant foreign exchange rates for the current fiscal period based on the rates in effect during the comparable fiscal period in the prior fiscal year. This is a non-IFRS measure. For more information, see "About Key Performance Indicators and Non-IFRS Measures" elsewhere in this release. IFRS refers to International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB). Reconciliations of IFRS measures ...

MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2024 FIRST QUARTER RESULTS | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------|-------|--------------------------------------------|-------|--------------------------------------------|------------|-------------------------------------| | (in thousands) \nFinancial Summary as per IFRS | | For the three months ended June 30, 2022 | | For the three months ended June 30, 2023 | YoY Change | YoY Change in constant currency (1) | | Rev ...

MakeMyTrip Limited (NASDAQ:MMYT) Q1 2024 Earnings Conference Call August 1, 2023 7:30 AM ET Company Participants Vipul Garg - Vice President-Investor Relations Rajesh Magow - Co-Founder & Group Chief Executive Officer Mohit Kabra - Group Chief Financial Officer Conference Call Participants Sachin Salgaonkar - Bank of America Vijit Jain - Citi Manish Adukia - Goldman Sachs Aditya Suresh - Macquarie Gaurav Rateria - Morgan Stanley Vipul Garg Hello everyone. I'm Vipul Garg, Vice President, Investor Relations a ...

MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2024 FIRST QUARTER RESULTS Gurugram, India and New York, August 1, 2023 — MakeMyTrip Limited (NASDAQ: MMYT), India's leading travel service provider, today announced its unaudited interim financial and operating results for its fiscal first quarter ended June 30, 2023. | | | For the three months | | For the three months | | YoY Change | | --- | --- | --- | --- | --- | --- | --- | | | | ended June | | ended June | YoY | in constant | | (in thousands) | | 30, 2022 | | 30, 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12 (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

MakeMyTrip Limited (NASDAQ:MMYT) Q4 2023 Earnings Conference Call May 16, 2023 7:30 AM ET Company Participants Vipul Garg - Vice President, Investor Relations Deep Kalra - Founder and Chairman Rajesh Magow - Co-Founder and Group Chief Executive Officer Mohit Kabra - Group Chief Financial Officer Conference Call Participants Manish Adukia - Goldman Sachs Gaurav Rateria - Morgan Stanley Aditya Suresh - Macquarie Manik Taneja - Axis Capital Achal Kumar - HSBC Vijit Jain - Citi Vipul Garg Hello, everyone. I???m ...