MakeMyTrip Ltd
NASDAQ:MMYT
Gross Margin
MakeMyTrip Ltd
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| IN |
|
MakeMyTrip Ltd
NASDAQ:MMYT
|
9.1B USD |
73%
|
|
| US |
|
Booking Holdings Inc
NASDAQ:BKNG
|
177.8B USD |
0%
|
|
| CN |
H
|
H World Group Ltd
BMV:HTHTN
|
2.7T MXN |
67%
|
|
| US |
|
Royal Caribbean Cruises Ltd
NYSE:RCL
|
84.9B USD |
50%
|
|
| US |
|
Airbnb Inc
NASDAQ:ABNB
|
77.6B USD |
72%
|
|
| US |
|
Marriott International Inc
NASDAQ:MAR
|
72.5B USD |
20%
|
|
| US |
|
Hilton Worldwide Holdings Inc
NYSE:HLT
|
63.7B USD |
37%
|
|
| CN |
|
Trip.com Group Ltd
HKEX:9961
|
318.6B HKD |
81%
|
|
| US |
|
Carnival Corp
NYSE:CCL
|
39.6B USD |
54%
|
|
| UK |
|
Carnival PLC
LSE:CCL
|
26.7B GBP |
39%
|
|
| US |
V
|
Viking Holdings Ltd
NYSE:VIK
|
26.6B USD |
42%
|
MakeMyTrip Ltd
Glance View
Amid the technological surge of the early 2000s, MakeMyTrip Ltd. emerged as a digital disruptor in the Indian travel industry, founded in 2000 by Deep Kalra. The company's vision was clear: to make travel simpler, more accessible, and affordable for millions of internet users in India and abroad. By harnessing the burgeoning internet penetration, MakeMyTrip carved a niche as a comprehensive platform facilitating everything from flight bookings and hotel reservations to holiday packages. It expanded into bus and rail bookings and international travel, positioning itself as a one-stop hub for travel needs. The blend of a user-friendly interface with competitive pricing created a loyal customer base and transformed the company into India's leading online travel agency. At its core, MakeMyTrip operates on a commission-based model, earning revenues from suppliers like hotels, airlines, and transportation providers for the reservations made through its platform. By leveraging its scale and market position, it negotiates deals benefitting both travelers and suppliers, ensuring value in its offerings. Moreover, technology is pivotal in its operation, focusing on mobile application ecosystems and a dynamic online presence that responds swiftly to consumer behavior shifts. Through strategic mergers and collaborations, such as the notable acquisition of rival Ibibo and a partnership with Ctrip, MakeMyTrip has continuously expanded its reach and influence. As travel preferences evolve and the digital economy grows, MakeMyTrip stays attuned to emerging trends to maintain its status as an industry stalwart.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on MakeMyTrip Ltd's most recent financial statements, the company has Gross Margin of 73.4%.
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