Wall Street analyst estimates for MakeMyTrip Limited (MMYT): consensus price target, buy/hold/sell recommendations and forecasts for revenue, EPS and EBITDA for the upcoming fiscal years.
MakeMyTrip Limited operates as a prominent online travel platform, offering a wide array of travel products and solutions across an extensive global footprint, including India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. Its operations are strategically divided into three key segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
Analyst Consensus
| Strong Buy | 0 |
| Buy | 8 |
| Hold | 3 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 11 |
| Avg rating (1-5) | 0.73 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-10-27 | $0.07 | ||
| 2026-08-03 | $0.09 | $0.15 | -40.5% |
| 2026-05-19 | $0.25 | $0.17 | +51.1% |
| 2026-01-21 | $0.07 | $0.39 | -81.0% |
| 2025-10-28 | $-0.06 | $0.19 | -129.2% |
| 2025-07-22 | $0.23 | $0.45 | -48.9% |
| 2025-05-14 | $0.26 | $0.20 | +29.4% |
| 2025-01-23 | $0.24 | $0.43 | -44.2% |
Valuation Ratios
| P/E Ratio | 127.44 |
| Price / Book | -12.76 |
| EV / EBITDA | 26.00 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $447.6M | $675.3M | $486.0M | $511.5M | $163.4M | $303.9M | $593.0M | $782.5M | $978.3M | $1.04B |
| Cost of Revenue | $173.9M | $175.9M | $173.4M | $154.3M | $22.3M | $58.8M | $177.6M | $215.1M | $274.3M | $460.5M |
| Gross Profit | $273.7M | $499.4M | $312.6M | $357.2M | $141.1M | $245.2M | $415.5M | $567.4M | $704.0M | $583.5M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $317.8M | $586.9M | $325.5M | $312.6M | $135.6M | $178.1M | $245.1M | $322.7M | $388.1M | $429.5M |
| Operating Expenses | $331.0M | $601.5M | $346.7M | $786.6M | $208.8M | $275.5M | $391.9M | $502.2M | $584.1M | $429.5M |
| Operating Income | -$135.4M | -$219.4M | -$152.9M | -$429.4M | -$67.7M | -$30.4M | $23.6M | $65.2M | $119.9M | $153.9M |
| EBITDA | -$87.0M | -$189.4M | -$141.5M | -$411.0M | -$23.6M | -$2.0M | $31.7M | $137.9M | $159.9M | $211.0M |
| Interest Expense | $14.8M | $911,000 | $730,000 | $6.1M | $4.4M | $15.3M | $17.3M | $17.7M | $17.7M | $104.8M |
| Pre-tax Income | -$110.1M | -$220.1M | -$168.6M | -$447.5M | -$60.5M | -$46.7M | -$12.1M | $92.9M | $115.9M | $78.4M |
| Income Tax | $193,000 | $91,000 | -$740,000 | -$29,000 | -$4.5M | -$1.1M | -$976,000 | -$123.8M | $20.6M | $26.7M |
| Net Income | -$110.2M | -$218.4M | -$167.8M | -$447.8M | -$55.6M | -$45.4M | -$11.3M | $216.8M | $95.1M | $51.8M |
| EPS | $-2.09 | $-2.18 | $-1.61 | $-4.26 | $-0.52 | $-0.42 | $-0.10 | $1.95 | $0.84 | $0.51 |
| EPS (Diluted) | $-2.09 | $-2.18 | $-1.61 | $-4.25 | $-0.52 | $-0.42 | $-0.10 | $1.83 | $0.83 | $0.47 |
| Shares Outstanding (Diluted) | $52.6M | $100.4M | $104.0M | $105.2M | $106.8M | $108.5M | $111.1M | $118.2M | $114.5M | $109.7M |
Price
| Price | $44.62 |
| Market Cap | $4.2B |
| Exchange | NASDAQ |
| Country | IN |
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Explore sector: Consumer Cyclical · Travel Services
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