Equity Profile

MMYT

MakeMyTrip Limited

Consumer DiscretionaryHotels, Resorts & Cruise Lines$4.2B

Jul21Tue

Pre-Earnings Brief

UpcomingQ1-2027Pre-Market9:00 AM EDT

Company Snapshot

MakeMyTrip Limited (MMYT) is a leading online travel company in India, focusing on hotel bookings, vacation packages, and travel services. As consumer spending on travel continues to rebound post-pandemic, MMYT plays a crucial role in the growing tourism sector.

Key Metrics to Watch

Revenue Growth

Investors will be keen to see how well MMYT is capitalizing on the recovery in travel demand.

N/A

Earnings Per Share (EPS)

EPS performance will indicate the company's profitability and efficiency in managing costs.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MMYT Q1-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+67.47%

Avg Stock Reaction

-2.60%

Last Quarter Recap

In the last quarter, MMYT reported an EPS of $0.32, exceeding estimates by nearly 49%. However, the stock fell by 7.72% the following day, indicating mixed investor sentiment despite the positive earnings surprise.

Management Promises & Guidance

Focus on expanding hotel partnerships to enhance offerings.
Commitment to improving customer service and user experience.
Plans to invest in technology to streamline operations.

Expectations

Wall Street Expectations

Overall, expectations are mixed as MMYT has a strong track record of beating EPS estimates, but recent stock reactions have been negative despite positive surprises.

Bull Case

If MMYT continues to show strong EPS growth and revenue recovery, it could attract more investors, especially as travel demand rises.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of rising costs, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the revenue growth rate this quarter?

Revenue growth will be a key indicator of how well MMYT is capitalizing on the recovery in travel demand.

How has customer acquisition cost changed?

Changes in customer acquisition costs will provide insights into the effectiveness of MMYT's marketing strategies and overall profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate MMYT's ability to leverage its strong brand and market position to capture a larger share of the recovering travel market.

Supporting Evidence

MMYT has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a significant move, suggesting that investors expect a positive surprise.

Recent trends in travel demand show a robust recovery, which MMYT is well-positioned to benefit from.

Key Risk

If revenue growth exceeds 20%, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it reflects the ongoing recovery in the travel sector and MMYT's ability to adapt to changing market conditions.

Bull Confirmed If

Revenue growth exceeding 20% year-over-year would confirm the bull case.

Bear Confirmed If

A decline in revenue or an increase in customer acquisition costs would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±23.86%

Historical Avg

±6.2%

Pricing rich

The options market is pricing in a significant potential move, indicating that investors are anticipating volatility around the earnings report.

Options are pricing ±23.9% while MMYT has averaged ±6.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

55.6%

Calls (19K)P/C Ratio: 0.08Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MMYT beats expectations, history suggests a potential stock increase of around 2.5%, confirming strong demand recovery.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a muted response.

Miss

If MMYT misses estimates, history suggests a potential decline of about 10.25%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on partnerships with hotels and travel services.
2Insights into customer acquisition strategies and costs.
3Management's outlook on travel demand for the upcoming quarters.
4Details on technology investments aimed at improving user experience.
5Comments on competitive pressures in the online travel market.

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Company Snapshot

Key Metrics to Watch

Revenue Growth

Investors will be keen to see how well MMYT is capitalizing on the recovery in travel demand.

N/A

Earnings Per Share (EPS)

EPS performance will indicate the company's profitability and efficiency in managing costs.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MMYT Q1-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+67.47%

Avg Stock Reaction

-2.60%

Last Quarter Recap

Management Promises & Guidance

Focus on expanding hotel partnerships to enhance offerings.
Commitment to improving customer service and user experience.
Plans to invest in technology to streamline operations.

Expectations

Wall Street Expectations

Overall, expectations are mixed as MMYT has a strong track record of beating EPS estimates, but recent stock reactions have been negative despite positive surprises.

Bull Case

If MMYT continues to show strong EPS growth and revenue recovery, it could attract more investors, especially as travel demand rises.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of rising costs, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the revenue growth rate this quarter?

Revenue growth will be a key indicator of how well MMYT is capitalizing on the recovery in travel demand.

How has customer acquisition cost changed?

Changes in customer acquisition costs will provide insights into the effectiveness of MMYT's marketing strategies and overall profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate MMYT's ability to leverage its strong brand and market position to capture a larger share of the recovering travel market.

Supporting Evidence

MMYT has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a significant move, suggesting that investors expect a positive surprise.

Recent trends in travel demand show a robust recovery, which MMYT is well-positioned to benefit from.

Key Risk

If revenue growth exceeds 20%, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it reflects the ongoing recovery in the travel sector and MMYT's ability to adapt to changing market conditions.

Bull Confirmed If

Revenue growth exceeding 20% year-over-year would confirm the bull case.

Bear Confirmed If

A decline in revenue or an increase in customer acquisition costs would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±23.86%

Historical Avg

±6.2%

Pricing rich

The options market is pricing in a significant potential move, indicating that investors are anticipating volatility around the earnings report.

Options are pricing ±23.9% while MMYT has averaged ±6.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

55.6%

Calls (19K)P/C Ratio: 0.08Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MMYT beats expectations, history suggests a potential stock increase of around 2.5%, confirming strong demand recovery.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a muted response.

Miss

If MMYT misses estimates, history suggests a potential decline of about 10.25%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on partnerships with hotels and travel services.
2Insights into customer acquisition strategies and costs.
3Management's outlook on travel demand for the upcoming quarters.
4Details on technology investments aimed at improving user experience.
5Comments on competitive pressures in the online travel market.