MakeMyTrip Limited
MMYT
$73.69 -1.54%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Travel Services
Q1 2026
Published: Jul 22, 2025

Earnings Highlights

  • Revenue of $268.85M up 32.5% year-over-year
  • EPS of $0.22 decreased by 85.1% from previous year
  • Gross margin of 54.5%
  • Net income of 25.92M
  • ""Despite the exceptional macro headwinds during the reported quarter, I’m pleased to report that we delivered very good top line growth on our hotels and packages..." – Rajesh Magow, CEO" - Rajesh Magow
MMYT
MakeMyTrip Limited

Executive Summary

MakeMyTrip Limited (MMYT) reported its Q1 2026 financial results, showcasing resilience in the face of macroeconomic challenges and demand shifts within the travel sector. The company achieved a revenue of $268.8 million, a 7.8% increase year-over-year in constant currency, driven particularly by international travel growth. Despite experiencing significant headwinds in domestic leisure travel due to geopolitical tensions and recent incidents affecting consumer sentiment, MakeMyTrip continued to enhance its market position in air ticketing by increasing market share and expanding its international offerings. Management remains optimistic about the sector's long-term recovery and growth, attributing potential enhancements in shareholder value through targeted investments in product offerings and customer experience improvements.

Key Performance Indicators

Revenue
Increasing
268.85M
QoQ: 0.56% | YoY: 32.51%
Gross Profit
Increasing
146.57M
54.52% margin
QoQ: -22.85% | YoY: 46.87%
Operating Income
Increasing
38.84M
QoQ: 11.96% | YoY: 134.80%
Net Income
Decreasing
25.92M
QoQ: -4.06% | YoY: -84.93%
EPS
Decreasing
0.23
QoQ: -4.17% | YoY: -85.06%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 268.85 0.22 +32.5% View
Q3 2025 267.36 0.23 +24.8% View
Q2 2025 210.99 0.16 +25.1% View
Q1 2025 254.52 0.19 +29.4% View
Q4 2024 202.89 1.26 +36.6% View