Makemytrip Limited (MMYT)
NASDAQ:MMYT
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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.22Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Q4 2026
Earnings Call Date:May 19, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed a predominantly constructive operating and financial picture: FY26 showed solid revenue growth, meaningful EBIT improvement (+30.1% YoY), margin expansion, strong cash generation, robust segmental gains (hotels, bus, ancillaries), accelerated AI adoption (Myra, automation) and strategic investments. At the same time, material near-term headwinds from the West Asia conflict, higher fuel costs, INR depreciation and airline capacity reductions have depressed international volumes and created demand volatility in March/April, tempering near-term guidance. Overall the positives on profitability, cash flow, product/AI momentum and diversified domestic demand outweigh the current external challenges, though management remains cautious about the near-term outlook.Company Guidance
Multi-year Gross Booking Growth
Gross bookings rose to $10.4B in FY26 from ~$3.2B in FY22 and $6.6B in FY23, compounding at ~34% over four years, reflecting strong structural demand tailwinds in India.
Revenue and Profitability Improvement
IFRS revenue grew 10.7% YoY in constant currency for FY26; results from operating activities (EBIT) reached $156M, up 30.1% YoY; adjusted operating profit margin expanded to 1.82% of gross bookings (FY26 vs 1.71% in FY25).
Strong Cash Generation and Balance Sheet
Generated $182.5M cash from operating activities in FY26, converting 97% of adjusted operating profit into operating cash flow; ended quarter with over $782M in cash and cash equivalents.
Segmental Momentum — Hotels & Packages
Accommodation volumes grew 15.2% YoY in the quarter (standalone hotels +15.5% YoY); gross booking growth 10.8% YoY in constant currency and adjusted margin growth 11.5% YoY in constant currency for the quarter; full-year hotel & packages adjusted margin growth 15.7% YoY.
Bus and Ground Transport Expansion
Bus ticketing volumes grew 27.6% YoY in the quarter and 32.9% YoY for the full year; bus adjusted margin was $41.1M, up 17.1% YoY in constant currency; intercity cabs grew over 20%.
Ancillary Revenue Scaling
Adjusted margin from 'other' (ancillary) was $25.4M in Q4, up 27.1% YoY in constant currency; full-year 'other' adjusted margin $95M, up 37.1% YoY — indicating higher share of wallet and monetization.
AI Adoption and Product Innovation
Launched upgraded Myra (multilingual voice + payment completion); Myra handled 200k+ bookings in the quarter and scaled to 50k–80k conversations/day. Users interacting with Myra show ~10% higher conversion vs traditional journeys. AI tools now write ~60–70% of new code and digital voice agents resolve ~55% of flight & hotel queries.
Market Share and Distribution Strength
Maintained leading domestic air ticketing market share at 30.8% in the quarter (gain of ~0.2pp); platform lists 100,000+ accommodation options across >2,050 cities and sold room nights for 12,000 new properties during the year.
Capital Allocation and Strategic Investments
Completed $96.4M of buybacks (of $100M plan) including convertible bonds; repurchased 0.9M shares for ~$50.3M in the quarter; made strategic investments — majority stake in Flamingo Transworld and minority investment/visa agreement with Atlys; merged redBus India into MakeMyTrip India to enable future India listing.
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 |
|---|---|---|---|
May 19, 2026 | $44.93 | $41.46 | -7.72% |
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% |
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 Jul 28, 2026, Before Open (Confirmed).
What is Makemytrip Limited (MMYT) earnings time?
Makemytrip Limited (MMYT) earnings time is at Jul 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is MMYT EPS forecast?
MMYT EPS forecast for the fiscal quarter 2027 (Q1) is 0.26.