MakeMyTrip Ltd (NASDAQ:MMYT) in Artisan Developing World Fund Q3 2024

Capitalizing on Travel Recovery and Digital Adoption

Apr 14, 2025

Summary

Investment rationale: Leading online travel agency in India with strong digital presence.
Market positioning: Benefiting from increased travel demand and digital adoption.
Risks and challenges: Volatility in travel demand and competitive pressures.
Recent performance: Recovery in travel bookings and revenue growth.
Future outlook: Expansion of service offerings and market penetration.

MakeMyTrip Ltd (NASDAQ:MMYT, Financial) was highlighted in the Artisan Developing World Fund's Q3 2024 commentary as a significant holding, driven by the recovery in travel demand and increased digital adoption in India. The company's strategic initiatives to enhance its service offerings have positioned it well for future growth.

"MakeMyTrip's ability to leverage its digital platform to capture the resurgence in travel demand has been a key driver of its recent performance." — Artisan Partners, Q3 2024 Fund Letter

Read full letter at gurufocus artisan developing world fund q3 2024 commentary 2024 Q3 page.

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