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Makemytrip ( (MMYT) ) has provided an announcement.
On January 21, 2026, MakeMyTrip reported unaudited results for its fiscal third quarter ended December 31, 2025, highlighting continued profitable growth despite slower domestic air travel. Gross bookings rose to $2.78 billion, revenue increased to $295.7 million, and the company posted strong constant-currency adjusted margin growth across all segments, with particularly robust year-on-year gains in bus ticketing and “Others,” and a 20.3% rise in hotel-room night volumes. Results from operating activities grew 17.9% year-on-year to $40.9 million, while adjusted operating profit and adjusted net profit also improved, underscoring the benefits of MakeMyTrip’s diversified product mix, the rapid expansion of ancillary services, and marketing initiatives such as its new “Travel Ka Mahurat Sale” campaign, as management emphasized ongoing investment in AI to enhance customer experience and operational efficiency.
The most recent analyst rating on (MMYT) stock is a Hold with a $79.00 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 primarily constrained by balance-sheet risk (negative TTM equity) and a demanding valuation (P/E 124.075). These are partly offset by strong operating trends and positive free cash flow, while technicals are mixed and the latest earnings call was generally positive but noted domestic demand and finance-cost headwinds.
To see Spark’s full report on MMYT stock, click here.
More about Makemytrip
MakeMyTrip Limited is India’s leading online travel services provider, offering a diversified portfolio of transport and accommodation products, including air and bus ticketing, hotel bookings, and holiday packages. Listed on NASDAQ, the company primarily targets Indian travelers, aiming to expand its wallet share through comprehensive and differentiated offerings in a competitive digital travel market.
Average Trading Volume: 1,154,999
Technical Sentiment Signal: Hold
Current Market Cap: $7.01B
For detailed information about MMYT stock, go to TipRanks’ Stock Analysis page.