MakeMyTrip Posts Fiscal 2026 Results With Revenue Growth but Profit Decline
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Makemytrip ( (MMYT) ) has provided an announcement.
MakeMyTrip reported its unaudited results for the fourth quarter and full year ended March 31, 2026, on May 19, 2026, showing modest top-line growth alongside mixed performance across segments. Revenue rose 1.9% year-on-year in the March quarter and 6.7% for the fiscal year to about $1.04 billion, with strong gains in bus ticketing and ancillary services offsetting softer trends in air ticketing and hotels, while operating results improved but net profit declined sharply due to non-operating and non-IFRS factors.
Air ticketing revenue dipped slightly year-on-year, and hotel and packages growth remained subdued, but bus ticketing and “Others” categories delivered double-digit revenue and adjusted margin gains for both the quarter and year. Adjusted operating profit increased 12.8% for the year and operating activities profit rose over 30%, yet reported profit for the period fell 16.8% in the quarter and 45.8% for the full year, highlighting a divergence between operational strength and bottom-line performance that investors and other stakeholders will scrutinize closely.
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 online travel services provider in India, offering air ticketing, hotel and holiday packages, bus ticketing and other travel-related services through its digital platforms. Listed on Nasdaq, the company targets both domestic and international travelers, positioning itself as a key intermediary in India’s rapidly expanding online travel and tourism market.
Average Trading Volume: 1,429,576
Technical Sentiment Signal: Sell
Current Market Cap: $4.11B
For a thorough assessment of MMYT stock, go to TipRanks’ Stock Analysis page.
