Stock Track | MakeMyTrip Soars 5.13% Following Impressive Q3 Earnings and Growth in Spiritual, Live Tourism

Stock Track

01-24

MakeMyTrip Limited (MMYT) shares surged 5.13% in intraday trading on Thursday, following the company's impressive fiscal Q3 2025 earnings report and its focus on tapping into emerging growth opportunities like spiritual tourism and live event tourism.

For the quarter ended December 31, 2024, MakeMyTrip reported adjusted earnings per share of $0.39, beating analysts' estimate of $0.32. The company's revenue also exceeded expectations, coming in at $267.4 million versus the FactSet consensus estimate of $265.1 million.

The strong financial performance was driven by several factors, including the rise of spiritual tourism in India. MakeMyTrip has introduced features specifically tailored for travelers visiting religious destinations, such as wheelchair-friendly accommodations and vegetarian meal options. The company's homestays business has also seen substantial growth in pilgrimage cities like Varanasi and Ayodhya.

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