Post-earnings recap
Reported
Mon, Aug 3, 2026
EPS actual
$0.53
EPS est.
$0.20
EPS surprise
+165.00%
1-day move
+8.48%
MakeMyTrip's earnings report showed a significant beat on EPS, which likely contributed to the stock's 8.48% increase. However, revenue figures were not disclosed, leaving some uncertainty about overall performance. Investors may view the strong EPS surprise as a positive sign for the company's profitability.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.53 | $0.43 | +165.00% |
| Revenue | — | $292M | — |
No transcript is on record, and the analysis is based on numerical results only.
MakeMyTrip Limited is a leading online travel company in India, focusing on hotels, resorts, and cruise lines. As consumer spending on travel continues to rebound post-pandemic, MMYT plays a crucial role in facilitating travel bookings and experiences for millions.
Last quarter
In the last quarter, MakeMyTrip reported an EPS of $0.32, significantly beating expectations of $0.21, which marked a 48.84% surprise. However, the stock declined by 7.72% the following day, indicating market caution despite the positive earnings.
Management promises and guidance
EPS beat streak
3Q
EPS beat rate
88%
Avg EPS surprise
+46.43%
Avg 1-day reaction
-2.55%
Analysts expect MakeMyTrip to report strong earnings, with a consensus EPS of $0.43 and revenue of $292M. The market is closely watching how the company navigates the ongoing recovery in travel demand.
Bull case
If MakeMyTrip exceeds expectations, it could signal robust demand for travel services, leading to a positive market reaction and potential stock price increase.
Bear case
Conversely, if the company fails to meet earnings expectations or provides weak guidance, it could lead to a significant drop in stock price, reflecting investor concerns about future growth.
Key metrics to watch
EPS
$0.43Earnings per share is a key indicator of profitability and helps gauge how well the company is managing costs and generating income.
Revenue
$292MRevenue growth reflects the company's ability to attract customers and expand its market share in the competitive travel industry.
The print will turn on these.
Q1
Will the EPS exceed the consensus estimate of $0.43?
A beat on EPS would reinforce investor confidence in the company's profitability and growth trajectory.
Q2
What guidance will management provide for revenue growth in the upcoming quarter?
Clear guidance on revenue expectations will be crucial for assessing the company's outlook amid fluctuating travel demand.
Est. EPS
$5.57
Est. Rev
$60.4B
Impl. Move
±6.9%
Why consensus could be wrong
The consensus may underestimate the rebound in travel demand, particularly in the domestic market, which could drive higher-than-expected revenue growth.
Supporting evidence
The travel sector has shown resilience, with increasing bookings and customer engagement.
Options pricing suggests a significant move, indicating that investors are bracing for surprises, either positive or negative.
Key risk
If revenue growth significantly exceeds the consensus of $292M, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
The market is debating whether MakeMyTrip can sustain its growth momentum in a recovering travel environment.
Bull confirmed if
An EPS of $0.50 or higher would confirm strong demand and effective cost management.
Bear confirmed if
An EPS below $0.40 would raise concerns about profitability and market share.
What the market is pricing for the move.
Implied Move
±23.86%
Historical Avg
±6.3%
The options market is pricing in a significant potential move, indicating that investors anticipate volatility around the earnings report.
Options are pricing ±23.9% while MMYT has averaged ±6.3% over the last 8 prints — setup is pricing rich.
ATM IV
0.6%
30d HV
55.6%
Smart-money positioning from the most recent 13F filings.
Institutional
105.63%
of float
Insider
20.75%
of float
Holders
345
institutions
Top Holders· as of Jun 2026
Verition Fund Management, LLC
32,500,000 sh · $1.4B
36.61%
413175.7%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If MakeMyTrip beats expectations, history suggests the stock could rise by around 2.76% on the following day, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may see muted movement as investors await further clarity from management.
Miss
A miss on earnings could lead to a decline of approximately 10.25%, reflecting disappointment in growth prospects.
The lines on the call that would change the story.
BAILLIE GIFFORD & CO
14,670,083 sh · $636.8M
16.53%
-2.3%
Schroder Investment Management Group
7,708,990 sh · $334.6M
8.68%
22.4%
Royal Bank of Canada
6,113,740 sh · $265.4M
6.89%
74.8%
FMR, LLC
4,821,753 sh · $209.3M
5.43%
187.2%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.