• MakeMyTrip average gross margin for 2023 was 70.45%, a 6.59% increase from 2022.
• MakeMyTrip average gross margin for 2022 was 75.42%, a 11.15% decline from 2021.
• MakeMyTrip average gross margin for 2021 was 84.88%, a 14.75% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.