MakeMyTrip Q4 Cash Hits $782M with 1.82% Margin and 15.2% Accommodation Growth
MakeMyTrip ended Q4 with $782m cash, converted 97% of operating profit into cash flow and posted a 1.82% margin despite a 6% drop in international travel. Accommodation inventory rose 15.2% to over 100,000 listings in 2,050 cities, while AI chatbot Myra boosted conversion rates by 10% through 80,000 interactions.
1. Q4 Financial Performance and Profitability
MakeMyTrip finished the quarter with over $782 million in cash and cash equivalents, converting 97% of operating profit into cash flow and maintaining a 1.82% operating profit margin on gross bookings despite external pressures.
2. International Travel Headwinds and Listing Update
Elevated crude oil prices, a depreciating rupee and the West Asia conflict contributed to a 6% year-on-year decline in international passenger traffic, while plans for an India listing remain in early stages with no definitive timeline due to regulatory and structural hurdles.
3. Accommodation Business Expansion
The company expanded its lodging inventory by 15.2% year-on-year, now offering over 100,000 accommodation options across 2,050 cities, underscoring a strategic shift toward domestic and regional travel demand.
4. AI-Driven Customer Engagement Platform
MakeMyTrip’s Myra conversational AI scaled to 80,000 daily interactions, driving a 10% lift in conversion rates and generating operational efficiencies that are expected to enhance future financial performance.