In Q1 2025, MakeMyTrip Limited reported robust financial results, achieving record quarterly gross bookings of $2.4 billion, reflecting a 21.6% year-on-year growth in constant currency. This tremendous performance was driven by strong demand in air ticketing and accommodations, despite a soft start to the quarter due to the general elections in India. The company benefitted from a strategic focus on enhancing customer loyalty through the relaunch of its MMT Black loyalty program and expanding its travel offerings. Management expressed confidence in sustained growth trajectories, particularly in the domestic and international travel markets as infrastructure investments continue to support rising passenger numbers. Overall, this quarter highlights MakeMyTrip's resilience and strategic foresight to navigate a recovering market while unlocking new growth avenues.