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MakeMyTrip Limited

MMYT

NASDAQConsumer CyclicalTravel Services

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Previous close

$60.46

−$0.33 · -0.54%

Aug 21, 4:00 PM ET

MMYT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

5

Overpriced

Momentum

48

Neutral

Sentiment

55

Mixed

Risk resilience

40

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

MakeMyTrip Limited operates as a prominent online travel platform, offering a wide array of travel products and solutions across an extensive global footprint, including India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. Its operations are strategically divided into three key segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The company provides a comprehensive suite of services, encompassing airline reservations, hotel accommodations, complete travel packages, train and bus tickets, and car rentals. Beyond these core offerings, it also addresses supplementary travel needs such as visa assistance and arranging travel insurance. Travelers can seamlessly research, plan, reserve, and purchase these services and products through MakeMyTrip's diverse digital and traditional channels. These include its popular web portals like makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae, alongside its mobile application, dedicated call centers, physical travel stores, and an expansive network of travel agents. As of March 31, 2022, MakeMyTrip further extended its reach with approximately 125 franchisee-owned travel outlets. The company caters to a broad clientele, serving both individual vacationers and business clients. Established in 2000, MakeMyTrip Limited maintains its headquarters in Gurugram, India.

Industry
Travel Services
Sector
Consumer Cyclical
Headquarters
IN
CEO
Rajesh Magow
Listed since
Aug 12, 2010
Employees
5,507

Market position

Day range

Current $60.46

52-week range

Current $60.46

Open
$61.04
Previous close
$60.79
Volume
300.45K
0.3× average
Average volume
1.01M
Average daily volume
Market cap
5.69B USD
Beta
0.98
Market reference 1
50-day average
$55.1392
+9.65% above average
200-day average
$57.9939
+4.25% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.78B USD
P/E (TTM)
171.23×
P/B (TTM)
-17.15×
P/S (TTM)
5.36×
EV / EBITDA
22.68×
Earnings yield
1.36%
Free cash flow yield
4.42%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
69.23%
Operating margin
15.00%
Net margin
3.23%
Return on equity
-76.44%
Return on assets
2.95%
Return on invested capital
7.16%

Financial health

Debt / equity
-5×
Current ratio
3.05×
Altman Z-score
0.87
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends90%52%14%-25%Gross margin, FY2022: 80.67%Gross margin, FY2023: 70.06%Gross margin, FY2024: 72.51%Gross margin, FY2025: 71.96%Gross margin, FY2026: 55.89%Operating margin, FY2022: -9.99%Operating margin, FY2023: 3.98%Operating margin, FY2024: 8.33%Operating margin, FY2025: 12.25%Operating margin, FY2026: 14.74%Net margin, FY2022: -14.94%Net margin, FY2023: -1.91%Net margin, FY2024: 27.71%Net margin, FY2025: 9.72%Net margin, FY2026: 4.96%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 80.67%. Gross margin FY2023 70.06%. Gross margin FY2024 72.51%. Gross margin FY2025 71.96%. Gross margin FY2026 55.89%. Operating margin FY2022 -9.99%. Operating margin FY2023 3.98%. Operating margin FY2024 8.33%. Operating margin FY2025 12.25%. Operating margin FY2026 14.74%. Net margin FY2022 -14.94%. Net margin FY2023 -1.91%. Net margin FY2024 27.71%. Net margin FY2025 9.72%. Net margin FY2026 4.96%.

Income trends

Revenue

1.04B USD+6.71%

Operating income

153.93M USD+28.40%

Net income

51.8M USD-45.53%
Income trends across reported periods1.15B USD717.17M USD281.41M USD−154.34M USDRevenue, FY2022: 303.92M USDRevenue, FY2023: 593.04M USDRevenue, FY2024: 782.52M USDRevenue, FY2025: 978.34M USDRevenue, FY2026: 1.04B USDOperating income, FY2022: −30.37M USDOperating income, FY2023: 23.6M USDOperating income, FY2024: 65.21M USDOperating income, FY2025: 119.89M USDOperating income, FY2026: 153.93M USDNet income, FY2022: −45.41M USDNet income, FY2023: −11.32M USDNet income, FY2024: 216.8M USDNet income, FY2025: 95.1M USDNet income, FY2026: 51.8M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 303.92M USD. Revenue FY2023 593.04M USD. Revenue FY2024 782.52M USD. Revenue FY2025 978.34M USD. Revenue FY2026 1.04B USD. Operating income FY2022 −30.37M USD. Operating income FY2023 23.6M USD. Operating income FY2024 65.21M USD. Operating income FY2025 119.89M USD. Operating income FY2026 153.93M USD. Net income FY2022 −45.41M USD. Net income FY2023 −11.32M USD. Net income FY2024 216.8M USD. Net income FY2025 95.1M USD. Net income FY2026 51.8M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue1.04B USD978.34M USD782.52M USD593.04M USD303.92M USD
Cost of goods sold460.53M USD274.35M USD215.09M USD177.57M USD58.75M USD
Gross profit583.46M USD703.99M USD567.44M USD415.47M USD245.17M USD
Selling, general, and administrative429.53M USD388.11M USD322.66M USD245.11M USD178.09M USD
Operating expenses429.53M USD584.1M USD502.22M USD391.87M USD275.54M USD
Interest income27.15M USD28.26M USD24.31M USD10.97M USD9.98M USD
Interest expense104.76M USD17.67M USD17.75M USD17.25M USD15.31M USD
Depreciation and amortization27.85M USD27.12M USD27.25M USD27.25M USD29.36M USD
Operating income153.93M USD119.89M USD65.21M USD23.6M USD−30.37M USD
Net income51.8M USD95.1M USD216.8M USD−11.32M USD−45.41M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+1.59%
11 comparable reports
Latest EPS result
0.09
Estimate 0.15 · Miss by 40.52%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.490.30.1-0.1Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 23, 2025: actual 0.24, estimate 0.43, surprise -44.19%, Miss. Q2 2025, reported May 14, 2025: actual 0.26, estimate 0.201, surprise +29.42%, Beat. Q3 2025, reported Jul 22, 2025: actual 0.23, estimate 0.45, surprise -48.89%, Miss. Q4 2025, reported Oct 28, 2025: actual -0.055, estimate 0.189, surprise -129.16%, Miss. Q1 2026, reported Jan 21, 2026: actual 0.074, estimate 0.39, surprise -80.97%, Miss. Q2 2026, reported May 19, 2026: actual 0.25, estimate 0.165, surprise +51.15%, Beat. Q3 2026, reported Aug 3, 2026: actual 0.09, estimate 0.151, surprise -40.52%, Miss. Q4 2026, reported Oct 27, 2026: actual —, estimate 0.44, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates323.44M297.46M271.49M245.51MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 23, 2025: actual 270.4M USD, estimate 265.12M USD, surprise +1.99%, Beat. Q2 2025, reported May 14, 2025: actual 261.2M USD, estimate 257.95M USD, surprise +1.26%, Beat. Q3 2025, reported Jul 22, 2025: actual 283M USD, estimate 286.99M USD, surprise -1.39%, Miss. Q4 2025, reported Oct 28, 2025: actual 266.89M USD, estimate 262.25M USD, surprise +1.77%, Beat. Q1 2026, reported Jan 21, 2026: actual 311M USD, estimate 306.29M USD, surprise +1.54%, Beat. Q2 2026, reported May 19, 2026: actual 281.7M USD, estimate 275.49M USD, surprise +2.26%, Beat. Q3 2026, reported Aug 3, 2026: actual 286M USD, estimate 292.14M USD, surprise -2.10%, Miss. Q4 2026, reported Oct 27, 2026: actual —, estimate 268.21M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$77.00

27.36% upside
Past 12 months12-month forecastHigh $84.00Average $77.00Low $70.00

Rating distribution

11 ratings
Strong buy00%
Buy873%
Hold327%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions

MMYT news

seekingalpha.com

MakeMyTrip Limited (MMYT) Q1 2027 Earnings Call Transcript

MakeMyTrip Limited (MMYT) Q1 2027 Earnings Call Transcript

Read source
fool.com

Why MakeMyTrip Stock Is Skyrocketing Today

MakeMyTrip's fiscal Q1 sales came in lower than anticipated, but earnings beat Wall Street's target. Valuations for travel industry stocks are rising today thanks to news of a potential deal to end the Iran war.

Read source
marketbeat.com

MakeMyTrip Q1 Earnings Call Highlights

MakeMyTrip NASDAQ: MMYT reported fiscal 2027 first-quarter growth in its hotels, packages and ground transportation businesses, helping offset softer air-ticketing trends amid geopolitical disruptions, higher fuel costs…

Read source
zacks.com

MakeMyTrip (MMYT) Recently Broke Out Above the 20-Day Moving Average

From a technical perspective, MakeMyTrip (MMYT) is looking like an interesting pick, as it just reached a key level of support. MMYT recently overtook the 20-day moving average, and this suggests a short-term bullish…

Read source
gurufocus.com

MakeMyTrip Limited to Report Fiscal 2027 First Quarter Financial & Operating Results on August 03, 2026

MakeMyTrip Limited (Nasdaq: MMYT) plans to report its fiscal 2027 first quarter financial and operating results before markets open on Monday, August 03, 2026.

Read source
businesswire.com

MakeMyTrip Limited to Report Fiscal 2027 First Quarter Financial & Operating Results on August 03, 2026

GURUGRAM, India & NEW YORK--(BUSINESS WIRE)---- $MMYT #AirTicketing--MakeMyTrip Limited plans to report its fiscal 2027 first quarter financial and operating results before markets open on Monday, August 03, 2026.

Read source

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ETFs holding MMYT

Funds reporting this stock among their holdings, ordered by reported position size.

The India Internet ETF logoThe India Internet ETFINQQ
Market value
2.7T
Weight
5.41%
AUM
43.35M USD
Expense ratio
0.86%
Price / 1D
$13.975+0.29%
U.S. Global Jets ETF logoU.S. Global Jets ETFJETS
Market value
5.62M
Weight
0.72%
AUM
851.43M USD
Expense ratio
0.60%
Price / 1D
$29.57+1.06%
State Street SPDR Portfolio Emerging Markets ETF logoState Street SPDR Portfolio Emerging Markets ETFSPEM
Market value
4.75M
Weight
0.03%
AUM
17.57B USD
Expense ratio
0.07%
Price / 1D
$52.38+0.61%
Vanguard Total World Stock ETF logoVanguard Total World Stock ETFVT
Market value
3.69M
Weight
0.00%
AUM
97.9B USD
Expense ratio
0.06%
Price / 1D
$160.77+0.53%
iShares U.S. Small-Cap Equity Factor ETF logoiShares U.S. Small-Cap Equity Factor ETFSMLF
Market value
3.6M
Weight
0.08%
AUM
4.3B USD
Expense ratio
0.15%
Price / 1D
$89.29+0.80%
JPMorgan ActiveBuilders Emerging Markets Equity ETF logoJPMorgan ActiveBuilders Emerging Markets Equity ETFJEMA
Market value
2.29M
Weight
0.13%
AUM
1.7B USD
Expense ratio
0.33%
Price / 1D
$62.2959+0.80%
Amplify Travel Tech ETF logoAmplify Travel Tech ETFAWAY
Market value
1.72M
Weight
4.52%
AUM
38.11M USD
Expense ratio
0.75%
Price / 1D
$20.0573+0.04%
OneAscent Emerging Markets ETF logoOneAscent Emerging Markets ETFOAEM
Market value
1.55M
Weight
2.77%
AUM
125.98M USD
Expense ratio
1.22%
Price / 1D
$48.9132+1.24%

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