Consumer Discretionary·Hotels, Resorts & Cruise Lines·$4.4B
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's performance is closely tied to trends in tourism and hospitality.
Earnings Per Share (EPS)
EPS is a key indicator of profitability and will show how well the company is managing costs and generating revenue.
Revenue Growth
Revenue growth is crucial for understanding the demand for MMYT's services, especially as travel resumes.
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EPS Beat Streak
1Q
EPS Beat Rate
88%
Avg EPS Surprise
+134.00%
Avg Stock Reaction
-0.28%
In Q3-2026, MMYT reported an EPS of $0.52, significantly beating expectations of $0.29. However, the stock fell 12.13% the following day, indicating market skepticism despite the strong earnings.
Management Promises & Guidance
Overall, investors are cautiously optimistic about MMYT's upcoming earnings, especially given its recent strong EPS performance. However, the market remains wary due to past stock reactions following earnings reports.
Bull Case
If MMYT can demonstrate strong revenue growth and effective cost management, it could see a positive stock reaction, especially given its high EPS beat rate.
Bear Case
On the other hand, if the company fails to meet revenue expectations or shows rising customer acquisition costs, it could lead to a significant drop in stock price, similar to past reactions.
Earnings Per Share (EPS)
N/AEPS is a key indicator of profitability and will show how well the company is managing costs and generating revenue.
Revenue Growth
N/ARevenue growth is crucial for understanding the demand for MMYT's services, especially as travel resumes.
Customer Acquisition Costs
N/AThis metric will indicate how effectively MMYT is attracting new customers in a competitive market.
The print will turn on these two things.
Q1
What will the EPS be, and how does it compare to last quarter's $0.52?
Given the strong EPS surprise last quarter, investors will be looking for continued profitability to maintain confidence in the stock.
Q2
How is revenue growth tracking in relation to pre-pandemic levels?
Understanding revenue growth is critical as it reflects the company's ability to capitalize on the recovering travel market.
Why consensus could be wrong
The Street may be underestimating MMYT's ability to capture market share as travel demand rebounds, particularly given its strong brand recognition in India.
Supporting Evidence
MMYT has consistently beaten EPS estimates, indicating stronger operational performance than anticipated.
The company's focus on technology and customer experience could drive higher customer retention and acquisition.
Recent trends in travel suggest a robust recovery, which may not be fully reflected in current analyst expectations.
Key Risk
If MMYT reports revenue growth above 15%, it could challenge the current cautious outlook and shift sentiment positively.
Pre-commit to what would confirm each case.
The core debate centers around whether MMYT can sustain its recent profitability while effectively managing growth in a competitive travel market.
Bull Confirmed If
Revenue growth exceeding 15% year-over-year would confirm the bull case.
Bear Confirmed If
A decline in revenue or an increase in customer acquisition costs would confirm the bear case.
Implied Move
±N/A
There is no available options market data to gauge investor sentiment ahead of the earnings report.
Likely market behavior by outcome — not investment advice.
Beat & Raise
If MMYT beats expectations, history suggests the stock could rise by about 1.15%, confirming the company's strong performance and growth potential.
In-Line / Cautious
If results are in line with expectations, the stock may see a muted reaction, reflecting ongoing market caution despite stable performance.
Miss
If MMYT misses expectations, history suggests a potential drop of around 10.25%, which could raise concerns about future growth and profitability.
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ARCHER AVIATION INC A
May 11, 2026