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Makemytrip Limited (MMYT)
NASDAQ:MMYT
Earnings Data
Report Date
May 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.28Last Year’s EPS
0.25Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was largely positive: strong volume growth across hotels, buses and ancillaries, notable AI/product momentum (Myra scaling and GenAI features), margin and profitability milestones (first $50M+ adjusted operating profit) and active capital returns. The main negatives were a significant but transient December domestic air supply disruption (new pilot FDTL rules and capacity cuts) which impacted peak bookings and created near‑term uncertainty, plus non‑cash financing and FX headwinds and an optical GBV moderation from GST changes. Management conveyed that the disruption is temporary and that many business levers (diversified transport mix, product innovations, corporate traction and buybacks) are mitigating factors.Company Guidance
Strong Quarterly Volume and Segments Recovery
Overall strong performance in Q3 with October–November demand recovery; accommodation volume growth of 20.3% year‑on‑year and standard hotels up 20.6% YoY; hotel room nights in non‑premium segment grew over 23% YoY.
Air Ticketing Margins and Market Share Gains
Air ticketing adjusted margin of $207.9 million, up 20.4% YoY in constant currency; delivered 2.2% YoY growth in domestic air vs industry 0.9% and slight flown‑basis market share gain to just over 31% during the quarter.
Profitability Milestone
First quarter with adjusted operating profit above $50 million (reported $50.7 million); adjusted net profit of $51.4 million and adjusted diluted EPS grew ~33% YoY.
Large Growth in Bus and Other Segments
Bus ticketing consistent margin of $42.4 million with >26.1% YoY growth in constant currency; 'other' (ancillaries) adjusted margin $27.5 million, up 45.5% YoY in constant currency.
AI/Product Innovation (Myra and GenAI)
Myra scaled to >50,000 conversations/day with ~72% 'good' conversations and ~15–24% of interactions in early trip planning; 45%+ Myra users from tier‑two cities and beyond; AI chat/voice resolving ~50% of customer queries autonomously; GenAI interventions (beachfront tags, women‑specific safety scores) rolled out.
Expanded Product Offerings and Supply Footprint
Launched tours & activities with 200,000+ bookable activities across 1,100 cities in 130 countries; platform now lists 97,000+ accommodation options across 2,050+ cities and sold properties in 1,950+ cities during the quarter.
Homestay and Holiday Package Traction
Homestay business sold 27,600+ unique properties across 1,050+ cities and now contributes early double digits to overall hotel volume; operated chartered flight packages (e.g., Phu Quoc), unlocking new outbound destinations.
Corporate Travel and Integration Wins
MyBiz active corporate customers >77,500 (vs 64,000 LY); Quest2Travel active customers 539 (vs 493 LY); integration with Happay complete, creating a combined travel & expense management solution.
Capital Returns and Strong Cash Position
Buyback program utilization of ~$46.1 million this quarter (550,000 shares repurchased for ~$41.5M; 2030 notes repurchased ~$4.6M); ended the quarter with cash equivalents >$100 million; earlier increased buyback size to $200M.
MMYT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MMYT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 21, 2026 | $74.59 | $65.54 | -12.13% |
Oct 28, 2025 | $89.97 | $80.75 | -10.25% |
Jul 24, 2025 | $101.90 | $101.62 | -0.27% |
May 14, 2025 | $106.59 | $105.09 | -1.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Makemytrip Limited (MMYT) report earnings?
Makemytrip Limited (MMYT) is schdueled to report earning on May 20, 2026, Before Open (Confirmed).
What is Makemytrip Limited (MMYT) earnings time?
Makemytrip Limited (MMYT) earnings time is at May 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMYT EPS forecast?
MMYT EPS forecast for the fiscal quarter 2026 (Q4) is 0.28.