NASDAQ$MMYT
Makemytrip · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
MakeMyTrip reported solid Q1 FY26 results with higher gross bookings, strong bus ticketing growth, and improved profitability despite travel disruptions.
MakeMyTrip posted adjusted revenue (Adjusted Margin) of $283.03M, driven by strong bus ticketing and other segments, while air ticketing and hotel packages faced temporary headwinds. Adjusted net profit and operating profit improved year-over-year, supported by increased gross bookings and higher travel demand across categories.
- Adjusted revenue (Adjusted Margin) grew 16.1% YoY to $283.03M, led by bus ticketing and other travel services.
- Adjusted Net Profit rose 11% YoY to $49.4M, while Adjusted Operating Profit increased 21% to $47.3M.
- Gross Bookings rose 9.6% YoY to $2.61B, supported by a 32.6% increase in bus tickets and a 17% increase in hotel room nights.
- Flight segments increased 5% YoY, signaling resilient demand despite temporary geopolitical and travel disruptions.
Headline financials
Revenue & EPS history
Makemytrip · Revenue · Quarterly
$283M
Revenue by segment
Makemytrip · $282M total across 4 segments · Q4 2027
- Hotels and Packages$116M—41.1%
- Air Ticketing$99.3M—35.3%
- Bus Ticketing$41.1M—14.6%
- Others$25.4M—9.0%
Forward guidance
MakeMyTrip expects steady travel demand recovery in the coming quarters as geopolitical and supply disruptions ease, with continued strong performance in bus ticketing and hotels.
Tailwinds
- Gross bookings expected to remain robust across all travel segments
- Bus ticketing growth momentum to continue with rising intercity travel demand
- Hotel bookings expected to benefit from growing domestic leisure travel
- Operational efficiencies to support margin expansion despite marketing spend
- Gradual recovery in air travel demand as supply disruptions ease
Headwinds
- Geopolitical uncertainties may still affect near-term leisure travel demand
- Hotels and packages segment may face short-term pricing pressure
- Fuel price volatility could impact flight pricing and air travel demand
- Macroeconomic uncertainties may weigh on discretionary travel spending
- Competitive pricing pressure in online travel space may limit margin gains
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-0.8%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+2.9%
Avg return
30 days after
49%
23 / 47 earnings
Positive
+23.8%
Q3 2020
Best reaction
-26.8%
Q3 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2027 | -3.8% | -4.8% | +3.9% | |
| Q2 2026 | -10.1% | -11.1% | -21.9% | |
| Q1 2026 | +2.8% | +5.2% | +3.2% | |
| Q4 2025 | -1.3% | -1.7% | -7.4% | |
| Q3 2025 | +6.1% | +3.7% | -5.1% | |
| Q2 2025 | +1.0% | -0.7% | +5.6% | |
| Q1 2025 | +1.4% | +2.9% | +9.1% | |
| Q4 2024 | +10.0% | +16.5% | -0.8% | |
| Q3 2024 | -4.3% | -1.0% | +17.0% | |
| Q2 2024 | +0.8% | +5.2% | +12.0% | |
| Q1 2024 | +14.4% | +17.2% | +37.9% | |
| Q4 2023 | -1.0% | -2.0% | +3.3% | |
| Q3 2023 | -1.1% | -4.7% | -10.7% | |
| Q2 2023 | -2.2% | -0.4% | +7.0% | |
| Q1 2023 | +13.0% | +8.2% | +20.1% | |
| Q4 2022 | +13.5% | +16.1% | +7.3% | |
| Q3 2022 | -9.8% | -2.2% | +0.2% | |
| Q2 2022 | +17.9% | +14.7% | +5.0% | |
| Q1 2022 | +0.3% | -0.6% | -10.7% | |
| Q4 2021 | +5.1% | +6.3% | +26.8% | |
| Q3 2021 | -3.2% | +4.7% | +13.8% | |
| Q2 2021 | -9.7% | -6.5% | +28.6% | |
| Q1 2021 | +3.5% | +12.7% | +22.8% | |
| Q4 2020 | -11.4% | -11.6% | -6.1% | |
| Q3 2020 | +23.8% | +17.2% | -37.4% | |
| Q2 2020 | +18.0% | +13.8% | +5.8% | |
| Q1 2020 | -8.6% | -12.7% | -18.8% | |
| Q4 2019 | -0.2% | +3.8% | +8.6% | |
| Q3 2019 | +14.0% | +3.1% | +14.6% | |
| Q2 2019 | +3.7% | +1.2% | -1.1% | |
| Q1 2019 | -4.5% | -9.2% | -14.4% | |
| Q4 2018 | +0.3% | +2.9% | +3.6% | |
| Q3 2018 | -6.1% | -6.9% | +8.2% | |
| Q2 2018 | +0.1% | +0.2% | +4.9% | |
| Q1 2018 | -16.3% | -9.7% | -2.2% | |
| Q4 2017 | -6.0% | -14.6% | -19.0% | |
| Q3 2017 | +11.8% | +5.5% | -2.0% | |
| Q2 2017 | +0.7% | +0.0% | -15.5% | |
| Q1 2017 | +3.1% | +11.9% | +16.2% | |
| Q4 2016 | -4.9% | — | — | |
| Q3 2016 | +0.8% | — | — | |
| Q2 2015 | -5.3% | — | — | |
| Q1 2015 | -24.5% | — | — | |
| Q4 2015 | -22.8% | — | — | |
| Q3 2014 | -7.6% | — | — | |
| Q1 2011 | -10.4% | — | — | |
| Q3 2010 | -26.8% | — | — | |
| Q4 2010 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro