MakeMyTrip Q4 EPS Tops Estimates as Revenue Falls $30.9M
MMYT•MakeMyTrip posted adjusted Q4 EPS of $0.32, beating estimates while revenue of $250.1 million missed the $281.0 million forecast and shares dropped 6.2%. Segment margins rose: hotels up 11.5% to $115.9 million, air ticketing up 10.7% to $99.3 million and bus up 17.1% to $41.1 million.
1. Mixed Q4 Earnings and Revenue Performance
MakeMyTrip reported adjusted earnings of $0.32 per share for the quarter ended March 31, 2026, surpassing estimates of $0.28. Revenue totaled $250.1 million, below the $281.0 million consensus, leading to a 6.2% drop in premarket trading.
2. Pilgrimage Festival and Conflict Impact
The company attributed softer growth in February and March to demand disruptions from the Maha Kumbh Mela pilgrimage in February 2025 and ongoing conflict in West Asia, offsetting strong year-over-year growth recorded in January.
3. Segment Margin Improvements
Adjusted operating profit rose to $46.5 million. The hotels and packages division saw constant-currency margin growth of 11.5% to $115.9 million, air ticketing margins increased 10.7% to $99.3 million, and bus ticketing margins grew 17.1% to $41.1 million.
4. Full-Year Results and Share Repurchase
For fiscal 2026, revenue grew 6.7% year-over-year to $1.044 billion while adjusted net profit reached $170.9 million. During Q4 the company repurchased 900,000 shares for $50.3 million.
