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MMYT

MakeMyTrip Limited

MMYT

NASDAQ·Consumer Cyclical·Travel Services·Mkt cap $5.5B

$58.20

+0.02%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$32.67 - $104.99

P/E

114.82

Fwd P/E

113.91

Beta

1.00

Div Yield

0.00%

Avg Vol

1.3M

Shares Out

94.9M

Mkt Cap

$5.5B

Price action

Price chart

Down 38.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Market leadership in India's online travel booking segment
  • Diversified revenue streams across multiple travel categories
  • Strong technology platform and mobile-first distribution channels
  • Established brand portfolio including makemytrip.com, goibibo.com, and redbus.in

Bear Case

2 risks

  • Average volatility.
  • Extreme premium - high expectations embedded

Growth

Moderate growth ahead

Recovery and expansion of international travel post-pandemic

Value

Extreme premium - high expectations embedded

Momentum

Hot

+46.1% over 3m

Quality

Excellent

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 28, 2026

Q2 26 RECAP

MAY 19, 2026

Reported EPS of $0.23 vs $0.22 consensus (+4.5% surprise). Revenue of $281.7M vs $275.5M expected (+2.3%). Beat on both top and bottom lines.

EPS beat +4.5%
Rev beat +2.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+4.5%

Next: Jul 28, 2026

Revenue trend · last 8Q

+21%

+6%

+9%

+11%

Q4 24

Q1 24

Q2 24

Q3 24

Q4 25

Q1 25

Q2 25

Q3 25

$202.9M

$254.5M

$211.0M

$267.4M

$245.5M

$268.8M

$229.3M

$295.7M

Margins · last 8Q

Gross

70.3%

Operating

13.8%

Profit

2.5%

Wall Street consensus

1 analyst · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

100%

Hold

0%

Sell

0%

Median Price Target

$84.00

+44.3% vs $58.20

Low $84.00
Median $84.00
High $84.00

Latest: Goldman Sachs · $84.00 · Jun 27, 2026

1 analyst covering

vs Industry

How MMYT stacks vs Travel Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes

Peers

No peer data available.

Themes

No themes assigned.