MMYT · NASDAQ · Travel Services

MakeMyTrip

Connects Indian leisure and corporate travelers with multi-brand transport, lodging and activity bookings.

$59.02
After-hours close+0.01 (+0.02%)
At close$59.01(+1.43%)
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Profile

MakeMyTrip LimitedMMYTConsumer Discretionary

Organizes flight, lodging, rail, bus, car hire, activities and package bookings through MakeMyTrip, Goibibo and redBus. The multi-brand platform serves Indian leisure and corporate travelers and depends on travel demand and sector partners.

Brings air, accommodation and packages, rail, bus, car hire, activities and ancillary travel bookings into a travel-technology platform for Indian leisure and corporate travelers. Its main consumer sites are MakeMyTrip, Goibibo and redBus, combining a familiar set of specialist brands under one marketplace.

Operations are centered on India, although the company began by serving US-India travel demand and is incorporated in Mauritius. The platform's usefulness depends on travel demand and relationships with travel-sector partners; COVID-19 disrupted both domestic and international travel and affected partners. Rajesh Magow serves as Group CEO, while founder Deep Kalra is Group Chairman and Chief Mentor.

Company facts

CEORajesh Magow
ListedAug 12, 2010
ExchangeNASDAQ
HeadquartersGurugram, India
CountryIndia
Employees5,122
CIK0001495153
ISINMU0295S00016

Key statistics

Market cap$5.55B
EPS (ttm)$0.3307
P/E (ttm)178.47
ROE-14.6%
P/B−16.74
P/S5.23
Dividend yield
Beta1.24vs XLY 1.00

Year to date −27.9% · Average volume (30d) 644.6K

Analysts

Price target, next 12 months$77.00+30.5%Median of 11 analysts · vs the Aug 28 close
ConsensusBuy8 of 11 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jul 2, 2026HSBCInitiateBuy$70
Jun 27, 2026Goldman SachsTarget$112$84
Jun 24, 2025MacquarieUpgradeNeutralOutperform

Earnings

EPS

Estimate$0.44
ReportedDue Oct 27, 2026

Revenue

Estimate$268.2M
ReportedDue Oct 27, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 3, 2026Q1 FY27$0.15$0.09−40.5%$292.1M$297.9M+2.0%+8.48%
May 19, 2026Q4 FY26$0.22$0.23+4.5%$275.5M$281.7M+2.3%+3.55%
Jan 21, 2026Q3 FY26$0.39$0.45+15.4%$306.3M$311.0M+1.5%+1.24%
Oct 28, 2025Q2 FY26$0.19$0.37+96.2%$262.2M$229.3M−12.5%−4.27%
View details

Financial highlights

12 quartersQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue$245.5M$268.8M$229.3M$295.7M$250.1M$285.6M
Gross profit$183.4M$194.0M$177.8M$207.8M$145.8M$202.9M
Operating income$31.2M$40.4M$34.4M$40.9M$40.1M$43.7M
Net income$29.2M$25.9M−$5.6M$7.2M$24.2M$8.4M
Diluted EPS$0.25$0.22−$0.06$0.07$0.23$0.09
Gross margin74.7%72.1%77.5%70.3%58.3%71.1%
Operating margin12.7%15.0%15.0%13.8%16.0%15.3%

Fiscal years (4-quarter sums)FY22 $303.9M · FY23 $593.0M · FY24 $782.5M · FY25 $978.3M · FY26 $1.04B

Revenue by product · FY26

Hotels And Packages$533.1M · 58%
Air Ticketing$239.9M · 26%
Bus Ticketing$145.3M · 16%

Revenue by geography · FY26

India$944.4M · 90%
South East Asia$52.2M · 5%
United ARAB Emirates$41.1M · 4%
All Other Countries$6.3M · 1%

Balance sheet, Jun 30, 2026Cash & short-term investments $776.2M · Total debt $1.71B · Total assets $1.78B · Shareholders' equity −$341.5M

Dividends

No dividends on record.

Ownership

Institutions 120.20%Insiders 0.32%

A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.

Shares outstanding 94.06M · Float 73.68M · 78.3% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Verition Fund Management LLC32.50M34.55%13FAug 14, 2026
Trip.com Group Limited16.07M16.90%13DJun 24, 2025
Baillie Gifford & Co14.67M15.60%13FAug 6, 2026
Schroder Investment Management Group7.71M8.20%13FAug 13, 2026
Schroders Investment Management Group7.45M8.30%13GFeb 13, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • Yatra Online

    India OTA with consumer, corporate, air, hotel, and package overlap.

  • Booking

    Global online travel group behind Booking.com and Agoda.

  • Expedia Group

    Global OTA with lodging, air, and package booking overlap.

  • Airbnb

    Global alternative-accommodation marketplace for stays and services.

CompareAfter-hours close

CompanyPriceChange
MakeMyTrip$59.02+0.02%$5.55B178.544.95.2+10.8%
Yatra Online $1.00−2.91%$62.1M1.8−19.0%
Booking$205.82+0.10%$159.34B22.818.55.6+8.2%
Expedia Group$328.50−0.28%$37.72B20.514.72.4+14.0%
Airbnb$189.63+0.10%$112.43B43.233.68.5+16.5%
Median22.818.54.0+11.1%