MakeMyTrip 2007 Sales At Rs. 1000 Crore; Break Even By Dec 2008
Online Travel co MakeMyTrip has recorded sales of Rs. 1000 crore for the financial year ending March 2008, as per a release. The company, which claims a 45 percent marketshare in terms of net revenues, and is expected to break even by the end of 2008, adds Eyefortravel. As per founder and CEO Deep Kalra, the company is approaching its first profitble quarter in around 9-10 months. MMT is targeting 500 ofline stores, a majority of them franchisees, and also tied up with mChek for mobile ticketing.
I’m wondering if MMT would be profitable today if they cut down on advertising spends - the competition in the market must be driving up advertising and promotion costs. What are the margins on ticketing anyway? About the IPO, there have been conflicting reports about MakeMyTrip’s plans - to list in 2008, or after. If they’re going to turn a profit by the end of 2008, it’s likely that they wont list before that.
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Comments (16)
Jun 7, 2008 5:29 AM
CAN ANYONE TELL ME WHEN THIS COMPANY HAS STARTED?
Jul 31, 2008 3:21 AM
In 2006 i guess..
Aug 13, 2008 3:14 AM
CAN ANYONE TELL ME WHEN THIS COMPANY HAS STARTED?
in 1996 they have started with their us portal…cheers zain
Jan 30, 2009 5:09 AM
Its nice. Can anyone give me more information .
Jan 30, 2009 5:20 AM
i have book flights from delhi to mumbai with cheap airfare from make my trip
Feb 10, 2009 5:50 AM
look like to book domestic airlines at one shop
Feb 23, 2009 5:21 AM
this is a best website to book your cheapest flight tickets for travel in india at cheapest airfares.
Mar 5, 2009 7:20 AM
good indication…...
Mar 9, 2009 11:18 AM
i have book delhi singapore flights with lowest airfare
Mar 10, 2009 7:10 AM
jetlite has lower there airfares as of growing demand
Mar 10, 2009 7:12 AM
indian railways online booking can be done through cleartrip, yatra.com and makemytrip
Mar 20, 2009 1:47 AM
go air delhi mumbai flights ruppes 0
Mar 20, 2009 1:50 AM
delhi mumbai flights rates are lower, spicejet and go air are giving in rupees 0 if you book one month in advance
Apr 7, 2009 11:25 AM
fly kingfisher airlines is the domestic airlines in india
Apr 14, 2009 2:31 AM
Make my trip is india’s leading travel portal and has earned industry experience in the long journey of its establishment
May 12, 2009 8:01 AM
book your cheap flights to bangkok at http://www.bangkokairfare.in