Dear Community,
I would like to get some opinions/thoughts and experiences on $MMYT (-0,16 %) . So far, this company has hardly been discussed on getquin.
I have had the share on my watchlist for some time now and find it increasingly interesting as a small addition to my portfolio.
Brief introduction:
MakeMyTrip is a leading Indian travel service provider. The products that $MMYT (-0,16 %) offered go far beyond a normal travel company.
Its services include booking air, rail and bus tickets as well as national and international vacation packages and hotel reservations (including in the USA, for example). It also covers countries such as Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam and Indonesia. The main competitors are Booking.com and Expedia.
Differences to Booking.com ($BKNG (+1,66 %) ) and Expedia ($EXPE (+0,94 %) ) :
$MMYT (-0,16 %) focuses mainly on Indian travelers with a focus on international travel and domestic travel. However, they also offer visa processing and travel insurance. Compared to $BKNG (+1,66 %) and $EXPE (+0,94 %) has $MMYT (-0,16 %) has a much smaller market share, as its core business is (still) mainly in India. However, I also see this fact as an opportunity, as India is known to have enormous economic growth.
About the data:
The turnover of $MMYT (-0,16 %) rose from USD 593 million to USD 782.5 million in the past financial year (2024). Profit increased from a loss of USD -11.3 million to a profit of USD 216.8 million. This is $MMYT (-0,16 %) profitable for the first time. $MMYT (-0,16 %) shows above-average growth and is financially secure, with a high growth rank and a low debt burden.
Now I would be interested: Are you perhaps already invested? Is the share interesting for you or not?
I'm looking forward to the exchange 👌
