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    MakeMyTrip Limited (MMYT)

    Official site

    CONSUMER CYCLICAL • TRAVEL SERVICES • NASDAQ

    $43.64
    -1.06 (-2.37%)

    Market Cap: $4.38B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    67%(26/39)
    Avg Surprise
    +17.49%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.47
    Range$0.45 - $0.50
    2 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$0.44+7.4%
    60d ago$0.43+9.8%
    30d ago$0.470.0%
    7d ago$0.470.0%
    Current$0.47
    Revenue Consensus
    $267M
    Range$248M - $294M
    4 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.55
    Range$0.51 - $0.60
    2 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$0.46+21.3%
    60d ago$0.55+1.6%
    30d ago$0.550.0%
    7d ago$0.550.0%
    Current$0.55
    Revenue Consensus
    $332M
    Range$322M - $352M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Mar 27EST
    -$0.54---
    Dec 26EST
    -$0.55---
    Sep 26EST
    -$0.47---
    Jun 26
    Reported Aug 3
    $0.48$0.20+140.00%Beat+14.3%
    Mar 26
    Reported May 19
    $0.32$0.41-21.95%Miss+26.0%
    Dec 25
    Reported Jan 21
    $0.52$0.42+23.81%Beat+33.3%
    Sep 25
    Reported Oct 28
    $0.37$0.42-11.90%Miss+2.8%
    Jun 25
    Reported Jul 22
    $0.42$0.42+0.00%Beat+7.7%
    Mar 25
    Reported May 14
    $0.25$0.24+7.09%Beat-33.2%
    Dec 24
    Reported Jan 23
    $0.39$0.42-7.14%Miss+11.4%
    Sep 24
    Reported Oct 23
    $0.36$0.34+5.88%Beat+1700.0%
    Jun 24
    Reported Jul 23
    $0.39$0.36+8.33%Beat+30.0%
    Mar 24
    Reported May 15
    $0.38$0.20+90.00%Beat+81.0%
    Dec 23
    Reported Jan 23
    $0.35$0.33+6.06%Beat+150.0%
    Sep 23
    Reported Oct 31
    $0.02N/A-71.43%Miss-71.4%
    Jun 23
    Reported Aug 1
    $0.30$0.18+66.67%Beat+500.0%
    Mar 23
    Reported May 16
    $0.21$0.16+31.25%Beat+625.0%
    Dec 22
    Reported Jan 31
    $0.14$0.11+27.27%Beat+275.0%
    Sep 22
    Reported Nov 1
    $0.07$0.12-41.67%Miss+200.0%
    Jun 22
    Reported Jul 27
    $0.05$0.03+66.67%Beat+122.7%
    Mar 22
    Reported May 25
    $-0.04N/A+71.43%Beat-33.3%
    Dec 21
    Reported Jan 25
    $-0.08$0.08-200.00%Miss-214.3%
    Sep 21
    Reported Oct 26
    $-0.07$-0.08+12.50%Beat+0.0%
    Jun 21
    Reported Jul 27
    $-0.22$-0.22+0.00%Beat-10.0%
    Mar 21
    Reported May 25
    $-0.03N/A+75.00%Beat+91.2%
    Dec 20
    Reported Jan 28
    $0.07$-0.06+216.67%Beat+146.7%
    Sep 20
    Reported Oct 27
    $-0.07N/A+58.82%Beat+68.2%
    Jun 20
    Reported Aug 21
    $-0.20$-0.26+23.08%Beat+25.9%
    Mar 20
    Reported Jun 26
    $-0.34$-0.30-13.33%Miss-17.2%
    Dec 19
    Reported Feb 11
    $-0.15$-0.21+28.57%Beat-7.1%
    Sep 19
    Reported Nov 4
    $-0.22$-0.22+0.00%Beat+29.0%
    Jun 19
    Reported Jul 30
    $-0.27$-0.20-35.00%Miss+27.0%
    Mar 19
    Reported May 16
    $-0.29$-0.44+34.09%Beat+27.5%
    Dec 18
    Reported Jan 24
    $-0.14$-0.18+22.22%Beat+53.3%
    Sep 18
    Reported Oct 25
    $-0.31$-0.26-19.23%Miss+31.1%
    Jun 18
    Reported Aug 14
    $-0.37$-0.30-23.33%Miss+30.2%
    Mar 18
    Reported May 30
    $-0.40$-0.39-2.56%Miss+4.8%
    Dec 17
    Reported Feb 8
    $-0.30$-0.44+31.82%Beat-150.0%
    Sep 17
    Reported Nov 1
    $-0.45$-0.44-2.27%Miss-
    Jun 17
    Reported Aug 9
    $-0.53$-0.44-20.45%Miss-
    Mar 17
    Reported May 19
    $-0.42$-0.60+30.00%Beat-
    Dec 16
    Reported Jan 31
    $-0.12N/A+75.00%Beat-

    Key Metrics

    Valuation
    P/E Ratio25.82EV/EBITDA24.97x
    Price/FCF1595.06xFCF Yield0.06%
    Profitability
    Profit Margin3.23%Operating Margin15.30%
    ROE28.70%ROIC11.09%
    Financial Health
    Debt/Equity-4.20xInterest Coverage1.44x
    Current Ratio3.13xQuick Ratio3.13x
    Trading Statistics
    Beta1.06Avg Volume1.15M
    52-Week High$92.0952-Week Low$32.67

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$44.51
    SMA 20$45.97
    SMA 50$52.73
    SMA 200$52.91
    EMA 10$44.73
    EMA 20$46.34
    EMA 50$49.77
    EMA 200$56.86

    MACD

    Line: -2.29Signal: -2.46Hist: 0.17

    ADX

    ADX: 39.4+DI: 11.6-DI: 30.0

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down80.0
    PSAR$45.75

    Bollinger Bands

    Upper Band$49.53
    Lower Band$42.40
    %B Position1552%(Upper)
    Band Width0.17

    RSI (14-Day)

    Neutral
    31.5

    Momentum Oscillators

    Stoch %K36.2
    Stoch %D36.8
    Williams %R-71.4
    ROC (10d)-7.5%
    Momentum-3.56
    CCI (20d)-85.4
    MFI (14d)37.6

    Volatility Measures

    ATR (14d)$1.95(4.5%)
    StdDev (20d)1.78
    Hist Vol33.0%(Moderate)

    Volume Flow

    VWAP$43.93
    OBV-3.5M
    AD Line-13.1M
    CMF (20d)0.057

    Volume Metrics

    Avg Vol (20d)1.2M
    Vol Ratio0.8x
    VWMA (20d)$45.56

    Pivot Points

    R3$47.12
    R2$46.13
    R1$45.41
    Pivot Point$44.42
    S1$43.70
    S2$42.71
    S3$41.99

    Advanced Oscillators

    TSI-39.37
    Ultimate Osc52.8
    KST-159.78

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$285.58M$250.12M$295.69M$229.34M$268.85M$245.46M$267.36M$210.99M$254.52M$202.89M$214.22M$168.69M
    Cost of Revenue$82.67M$104.36M$87.86M$51.51M$74.89M$62.11M$77.38M$49.77M$85.09M$52.85M$62.37M$40.27M
    Gross Profit$202.90M$145.76M$207.82M$177.83M$193.96M$183.35M$189.98M$161.22M$169.43M$150.04M$151.85M$128.42M
    Operating Expenses$159.20M$105.66M$166.94M$143.39M$153.60M$152.12M$155.30M$135.11M$141.57M$133.31M$129.20M$121.70M
    R&D$0$0$0$0$0$0$0$0$0$6.66M$6.66M$0
    SG&A$87.63M$150.85M$40.14M$40.44M$40.22M$53.54M$39.74M$39.38M$38.20M$54.97M$35.51M$35.00M
    Operating Income$43.71M$40.10M$40.89M$34.44M$40.36M$31.23M$34.69M$26.11M$27.86M$16.72M$22.64M$6.71M
    Interest Income$6.73M$6.53M$6.83M$7.25M$6.79M$7.16M$6.63M$7.28M$7.21M$6.68M$7.71M$5.46M
    Interest Expense$35.01M$16.59M$34.54M$43.11M$10.77M$7.48M$11.44M$7.77M$5.54M$32.91M$6.23M$9.94M
    Income Before Tax$15.44M$30.28M$13.15M$-1,447,000$36.38M$30.96M$29.86M$25.55M$29.52M$48.00M$24.17M$2.18M
    Income Tax Expense$6.33M$5.96M$5.87M$4.29M$10.57M$1.74M$2.80M$7.61M$8.47M$-123,930,000$-48,000$184,000
    Net Income$8.35M$24.25M$7.25M$-5,615,000$25.92M$29.20M$27.02M$17.85M$21.03M$172.01M$24.26M$2.07M
    EBITDA$56.97M$53.60M$54.69M$48.63M$54.32M$30.19M$48.07M$40.02M$41.72M$51.49M$37.13M$18.86M
    EBIT$50.44M$46.87M$47.71M$41.66M$47.15M$23.18M$41.32M$33.32M$35.06M$44.52M$30.40M$12.12M
    * Some calculated fields are derived from available data when not provided by source

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    MMYT Valuation and Fair Value

    P/E
    25.8x
    Forward P/E
    96.2x
    EV/EBITDA
    25.0x
    P/FCF
    1595.1x
    PEG
    5.4x
    P/B
    -12.5x
    See GNG's fair value

    MMYT Profitability: Margins, ROIC and FCF

    Gross margin
    69.2%
    Operating margin
    15.3%
    Net margin
    3.2%
    ROIC
    11.1%
    ROE
    28.7%
    FCF margin
    0.3%
    FCF yield
    0.1%

    MMYT Analyst Ratings

    Consensus
    Buy
    Analysts
    10
    Strong Buy
    0
    Buy
    10
    Hold
    0
    Sell
    0
    Strong Sell
    0

    MMYT Bull Case vs Bear Case

    Bull case

    • 100.0% of MMYT's analyst ratings are Buy or Strong Buy.

    MMYT Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    17.0%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.47
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 0 down

    Frequently Asked Questions About MMYT

    Does MMYT pay dividends?

    MakeMyTrip Limited (MMYT) does not currently pay a regular dividend.

    What is MMYT's P/E ratio?

    MakeMyTrip Limited has a price-to-earnings (P/E) ratio of 25.82.

    What is MMYT's market cap?

    MakeMyTrip Limited (MMYT) has a market capitalization of $4.38B with a current stock price of $43.64.

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