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44.93 USD
P/E
83.27
EPS
0.52
P/B
-363.87
ROE
9.55
Beta
1.03
Target Price
84.40 USD
MakeMyTrip Limited logo

MakeMyTrip Limited

🧾 Earnings Recap – Q3 2026

In Q3 of fiscal 2026, the company demonstrated resilience with robust demand recovery in leisure travel, even amidst temporary regulatory disruptions, supported by strong performance in international travel and innovative AI-driven solutions.

  • Air ticketing experienced a year-on-year domestic daily departures growth of 25% in October and November before a December decline due to new flight duty regulations.
  • The accommodation segment recorded impressive 20.3% volume growth, driven by strong leisure demand and favorable tax changes, despite moderate gross booking value growth reflecting lower pricing.
  • AI initiatives, including personalized trip planning through Myra and enhancements in customer service, have improved engagement and efficiency, particularly in tier two cities, contributing to a 50% increase in voice interactions in non-metro areas.
  • The launch of tours and activities expanded the product portfolio, providing customers access to over 200,000 bookable activities across 130 countries, aiming to simplify the planning process for travelers.
  • Strong year-end performance is further evidenced by record check-ins on December 25th, indicating a robust market response to the festive season and renewed travel demand.
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Key Metrics
Earnings dateMay 19, 2026
P/E83.27
EPS0.52
Book Value-0.12
Price to Book-363.87
Debt/Equity4659.90
% Insiders16.656%
Growth
Revenue Growth0.11%
Earnings Growth-0.70%
Estimates
Forward P/E21.15
Forward EPS2.05
Target Mean Price84.40

DCF Valuation

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MakeMyTrip Limited Logo MakeMyTrip Limited Analysis (MMYT)

India Consumer Discretionary Official Website Stock

Is MakeMyTrip Limited a good investment? MakeMyTrip Limited (MMYT) is currently trading at 44.93 USD. Market analysts have a consensus price target of 84.40 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 83.27. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: MakeMyTrip Limited is expected to release its next earnings report on May 19, 2026. The market consensus estimate for Forward EPS is 2.05.

Investor FAQ

Does MakeMyTrip Limited pay a dividend?

No, it does not currently pay a dividend.

What asset class is MakeMyTrip Limited?

MakeMyTrip Limited is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be May 19, 2026. The company currently has a trailing EPS of 0.52.

Company Profile

MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air ticketing, hotels and packages, bus tickets, rail tickets, and car hire; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products, foreign currency exchange services, and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

Exchange Ticker
NMS (United States) MMYT

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