MakeMyTrip is evaluating a potential listing in India, the company said today.The potential listing could provide an additional avenue to access capital, including from domestic institutional and retail investors as well as enable it to provide India‑listed equity as potential consideration for growth initiatives, it said.Currently the company is listed on NASDAQ in US.MakeMyTrip is the largest online portal in India and over the past few years has solidified presence across various travel verticals. AI-bas ...

Core Viewpoint - MakeMyTrip is set to acquire a majority stake in Flamingo Transworld to expand its holiday packages business, enhancing its presence in regional markets [1][2]. Group 1: Acquisition Details - MakeMyTrip has entered into an agreement to acquire a stake in Flamingo Transworld, subject to certain closing conditions, but did not disclose financial details [2]. - Flamingo Transworld, a 30-year-old company, specializes in domestic and international group tour packages and has a strong presence in western and central India, particularly in Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh [1][2]. Group 2: Business Operations - Flamingo Transworld operates through a network of 51 offices and focuses on group tours that include Indian meals prepared by on-tour chefs or verified vegetarian and Jain kitchens, along with regional language-speaking tour managers [3]. - The acquisition is expected to complement MakeMyTrip's existing holiday packages business and help reach customers in regional markets [3]. Group 3: MakeMyTrip's Growth Strategy - MakeMyTrip has made several acquisitions in recent years to expand its services across the travel ecosystem, including corporate travel platform QuestToTravel and hotel technology company Simplotel [4]. - The acquisition aligns with MakeMyTrip's strategy to grow its hotels and packages segment, which is its largest revenue contributor [5]. Group 4: Financial Performance - In the quarter ended December 31, 2025, MakeMyTrip's hotels and packages segment generated revenue of $161.4 million, up 10% year-over-year, driven by higher hotel room-night bookings [5]. - Overall operating revenue rose 11% year-over-year to $295.7 million, while gross bookings increased by 12% to $2.78 billion; however, net profit declined 73% year-over-year to $7.3 million due to higher finance costs [5]. Group 5: Market Challenges - MakeMyTrip is currently facing disruptions in Middle East airspace, similar to competitors ixigo and EaseMyTrip, amid ongoing conflicts involving Iran, the US, and Israel [6].

Core Viewpoint - MakeMyTrip (MMYT) has significant growth potential in the Indian travel and tourism industry, but its current valuations are considered stretched, indicating a potential for correction [1]. Group 1 - The last coverage of MakeMyTrip stock was on March 12, 2025, with a "Sell" rating [1]. - The analysis highlighted ample headroom for growth in the Indian travel and tourism sector [1]. - Concerns were raised regarding the stretched valuations of MakeMyTrip, suggesting a possible market correction [1].

We recently published an article titled 10 Best Cruise Stocks to Buy Right Now. On January 21, Citi lowered its price target on MakeMyTrip Limited (NASDAQ:MMYT) to $96 from $108 while maintaining a Buy rating following the company’s third-quarter results. Although estimates were revised to reflect more conservative margin assumptions, the firm characterized underlying growth as solid, given a challenging operating environment, and views the current valuation as attractive. In the same quarter, MakeMyTri ...

Core Insights - MakeMyTrip has announced a collaboration with OpenAI to enhance AI-driven travel discovery and capture high-intent travel queries [1] Company Summary - MakeMyTrip is focusing on leveraging artificial intelligence to improve user experience in travel planning and booking [1]

Core Viewpoint - MakeMyTrip Ltd (MMYT) has evolved beyond being a simple domestic air proxy, indicating a positive shift in its business model and potential for growth [1]. Group 1: Company Analysis - The company is now focused on managing its own capital, reflecting a strategic shift towards self-sustained growth and investment management [1]. - The investment approach utilized by the company encompasses fundamental, technical, and momentum investing, suggesting a comprehensive strategy that leverages various market analysis techniques [1]. Group 2: Investor Engagement - The article serves as a platform for tracking investment ideas and connecting with like-minded investors, highlighting the importance of community and shared insights in investment decision-making [1].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Insights - MakeMyTrip Limited (MMYT) is a significant player in the online travel services industry, offering various travel services and competing with companies like Expedia and Booking Holdings [1] Financial Performance - MMYT reported an earnings per share (EPS) of $0.52, surpassing the estimated $0.39, marking a 33.33% positive surprise and a notable improvement from last year's EPS of $0.39 [2][6] - The company's revenue for the quarter was approximately $311 million, slightly below the Zacks Consensus Estimate of $313.62 million, resulting in a negative surprise of 5.72%. However, this represents a 10.6% increase compared to the same period last year [3][6] Financial Metrics - MMYT has a price-to-earnings (P/E) ratio of 83.91, indicating high investor expectations for future growth, while the price-to-sales ratio is 6.17 and the enterprise value to sales ratio is 7.29, suggesting a premium valuation [4] - The company has a negative debt-to-equity ratio of -6.71, indicating reliance on equity financing [4] - A current ratio of 1.91 suggests a strong ability to cover short-term liabilities, reflecting financial stability [5] - The enterprise value to operating cash flow ratio is 43.94, and the earnings yield is 1.19%, providing additional context for evaluating the company's financial health [5]

Core Insights - MakeMyTrip (MMYT) reported revenue of $295.69 million for the quarter ended December 2025, reflecting a year-over-year increase of 10.6% [1] - The earnings per share (EPS) was $0.52, up from $0.39 in the same quarter last year, resulting in an EPS surprise of +33.33% against the consensus estimate of $0.39 [1] - However, the revenue fell short of the Zacks Consensus Estimate of $313.62 million by -5.72% [1] Financial Performance Metrics - Gross Bookings for Air Ticketing reached $1.53 billion, slightly below the estimated $1.55 billion [4] - Gross Bookings for Hotels and Packages were $750.44 million, compared to the average estimate of $794.59 million [4] - Gross Bookings for Bus Ticketing amounted to $420.6 million, close to the estimated $421.52 million [4] - Total Gross Bookings were $2.78 billion, falling short of the $2.8 billion estimate [4] Adjusted Margins - Adjusted Margin for Air Ticketing was $107.88 million, exceeding the estimate of $106.75 million [4] - Adjusted Margin for Others was $27.53 million, surpassing the average estimate of $23.8 million [4] - Adjusted Margin for Bus Ticketing was $42.41 million, below the estimated $44.05 million [4] - Adjusted Margin for Hotels and Packages was $133.18 million, lower than the average estimate of $143.03 million [4] Stock Performance - Shares of MakeMyTrip have declined by -12.8% over the past month, while the Zacks S&P 500 composite decreased by -0.4% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Viewpoint - MakeMyTrip reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.39 per share, marking a year-over-year increase from $0.39 per share [1] Group 1: Earnings Performance - The earnings surprise for the recent quarter was +33.33%, while the previous quarter saw an earnings miss of -17.78% [1][3] - Over the last four quarters, MakeMyTrip has surpassed consensus EPS estimates two times [2] Group 2: Revenue Performance - The company reported revenues of $295.69 million for the quarter, which was 5.72% below the Zacks Consensus Estimate, but an increase from $267.36 million year-over-year [2] - MakeMyTrip has not beaten consensus revenue estimates in the last four quarters [2] Group 3: Stock Performance and Outlook - MakeMyTrip shares have declined approximately 9.2% since the beginning of the year, contrasting with the S&P 500's decline of 0.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.50, with expected revenues of $296.73 million, and for the current fiscal year, the estimate is $1.55 on $1.11 billion in revenues [7] Group 4: Industry Context - The Internet - Delivery Services industry, to which MakeMyTrip belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable industry outlook [8]