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The latest update is out from Makemytrip ( (MMYT) ).
MakeMyTrip reported unaudited results for its fiscal fourth quarter and full year ended March 31, 2026, highlighting record full-year gross bookings of $10.4 billion, up 10.4% year-on-year in constant currency despite a tough macro environment and weaker travel sentiment. Revenue rose 10.7% in constant currency to $1.04 billion, while results from operating activities climbed 30.1% to $156 million, with adjusted margins posting double-digit growth across air ticketing, hotels and packages, bus ticketing and other services.
Segment performance underscored diversification, with adjusted margins in bus ticketing up 29.3% and hotels and packages up 15.7%, reinforcing the company’s position as a preferred multi-vertical travel platform. MakeMyTrip also emphasized its AI strategy, noting that its voice-enabled travel assistant “Myra” now handles end-to-end bookings and resolved about 55% of post-booking queries in Q4 FY26, particularly driving adoption among users in Tier-2 and smaller cities and contributing to efficiency gains and improved customer experience.
The most recent analyst rating on (MMYT) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Makemytrip stock, see the MMYT Stock Forecast page.
Spark’s Take on MMYT Stock
According to Spark, TipRanks’ AI Analyst, MMYT is a Neutral.
The score is held back primarily by balance-sheet risk (negative equity and high debt) and an expensive valuation (very high P/E). Improving profitability and free cash flow, along with a generally constructive earnings call and buyback support, partially offset these concerns, while technical signals remain mixed to weak on the longer trend.
To see Spark’s full report on MMYT stock, click here.
More about Makemytrip
MakeMyTrip Limited is a leading Indian online travel services provider, offering air ticketing, hotel bookings, holiday packages, bus ticketing and ancillary travel services through its digital platforms. Listed on Nasdaq under the ticker MMYT, the company targets both metropolitan and Tier-2 and smaller cities, positioning itself as a comprehensive travel platform for domestic and international travelers.
Average Trading Volume: 1,429,576
Technical Sentiment Signal: Sell
Current Market Cap: $4.11B
Learn more about MMYT stock on TipRanks’ Stock Analysis page.