MakeMyTrip Limited (MMYT) shares have soared 40.5% in six months, outperforming the broader Zacks Computer and Technology sector’s return of 5.1%. Over the same time frame, it also outperformed its Internet - Delivery Services industry and competitors, including Yatra Online (YTRA) , Tripadvisor (TRIP) and  Mondee Holdings (MOND) .In the past six months, shares of YTRA have risen 13.1%, while shares of TRIP and MOND have plunged 21.8% and 98.5%, respectively. The industry appreciated 34.7% in the same time ...

Core Viewpoint - MakeMyTrip is expected to show strong earnings performance in the upcoming release, with significant year-over-year growth in both EPS and revenue. Financial Performance - The forecasted EPS for MakeMyTrip is $0.44, representing a 25.71% increase from the same quarter last year [2] - Projected revenue is $256.68 million, reflecting a 19.82% rise from the equivalent quarter last year [2] - For the entire fiscal year, earnings are projected at $1.61 per share and revenue at $968.67 million, indicating increases of +31.97% and +23.79% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for MakeMyTrip are being closely monitored, as positive revisions indicate optimism about the company's business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks MakeMyTrip as 3 (Hold) [6] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 69.45, significantly higher than the industry average of 24.98, indicating it is trading at a premium [7] - The company has a PEG ratio of 5.05, compared to the industry average PEG ratio of 1.34, suggesting a higher valuation relative to projected earnings growth [8] Industry Context - The Internet - Delivery Services industry, to which MakeMyTrip belongs, has a Zacks Industry Rank of 163, placing it in the bottom 36% of all industries [8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

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Company Performance - MakeMyTrip's stock closed at $116.63, reflecting a +0.15% change from the previous trading day, which lagged behind the S&P 500's gain of 0.61% [1] - The stock has increased by 13.88% over the past month, outperforming the Computer and Technology sector's gain of 5.27% and the S&P 500's gain of 5.79% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.44, representing a 25.71% increase compared to the same quarter last year [2] - Revenue is forecasted to be $256.68 million, indicating a 19.82% growth year-over-year [2] - For the full year, analysts expect earnings of $1.61 per share and revenue of $968.67 million, marking increases of +31.97% and +23.79% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for MakeMyTrip are important as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently rates MakeMyTrip as 3 (Hold) [6] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 72.33, significantly higher than the industry average of 28.45, indicating it is trading at a premium [7] - The company has a PEG ratio of 5.26, compared to the industry average PEG ratio of 1.38, suggesting a higher valuation relative to its expected earnings growth [8] Industry Context - The Internet - Delivery Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 161, placing it in the bottom 36% of over 250 industries [9]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on MakeMyTrip (MMYT), and emphasizes the importance of using these recommendations in conjunction with other research tools like the Zacks Rank [1][4]. Group 1: Brokerage Recommendations - MakeMyTrip has an average brokerage recommendation (ABR) of 1.36, indicating a consensus between Strong Buy and Buy, with 71.4% of recommendations being Strong Buy and 14.3% being Buy [2]. - The article highlights that brokerage analysts tend to exhibit a strong positive bias in their ratings, often issuing five "Strong Buy" recommendations for every "Strong Sell" [5][9]. - The ABR may not be a reliable standalone indicator for investment decisions, as studies show limited success in guiding investors towards stocks with the best price increase potential [4][9]. Group 2: Zacks Rank vs. ABR - The Zacks Rank is presented as a more reliable indicator of a stock's near-term price performance, based on earnings estimate revisions, and is classified into five groups from Strong Buy to Strong Sell [7][10]. - Unlike the ABR, which is based solely on brokerage recommendations and may not be up-to-date, the Zacks Rank reflects timely changes in earnings estimates, making it a more effective tool for predicting future stock prices [8][11]. - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), indicating that analysts' views on the company's earnings prospects have remained unchanged, suggesting the stock may perform in line with the broader market [12][13].

Core Viewpoint - MakeMyTrip Limited (MMYT) has significantly outperformed the broader market and its competitors, driven by strong gross bookings and strategic acquisitions, particularly in the corporate travel sector [1][2][4]. Group 1: Stock Performance - MMYT shares have increased by 113.5% year to date (YTD), outperforming the Zacks Computer and Technology sector's return of 26.4% [1]. - Competitors such as GoDaddy (GDDY) and QuinStreet (QNST) saw YTD increases of 74.3% and 60.4%, respectively, while Asure Software (ASUR) experienced a decline of 9.5% [1]. Group 2: Strategic Acquisitions - The acquisition of the Happay Expense Management platform from CRED is expected to enhance MMYT's corporate travel offerings by integrating advanced expense management capabilities [2][3]. - This acquisition will strengthen MMYT's MyBiz and Quest2Travel platforms, improving policy compliance, cost efficiency, and fraud control [4]. Group 3: Partnerships and Innovations - MMYT has completed over 60 integrations with leading travel and expense management solution partners, enhancing its product capabilities [5]. - The company launched a co-branded credit card with ICICI Bank, offering unlimited rewards and various cash-back percentages on travel-related expenses [7][8]. - Partnerships with LEGOLAND Malaysia Resorts and the Singapore Tourism Board aim to promote travel packages and boost inbound travel from India [9][10]. Group 4: AI and Technology Integration - MMYT is leveraging Generative AI in its growth strategy, notably through the chatbot Myra, which enhances the hotel and homestay booking process [11]. - AI initiatives on the redBus app have improved customer satisfaction and reduced the need for customer service agents by nearly 45% [12]. Group 5: Financial Outlook - The Zacks Consensus Estimate for Q3 fiscal 2025 revenues is $256.7 million, reflecting a year-over-year increase of 19.8% [13]. - Earnings per share are estimated at 44 cents, indicating a year-over-year rise of 25.7% [13]. - MMYT has consistently beaten earnings estimates in the past four quarters, with an average surprise of 41.7% [13].

MakeMyTrip Limited (NASDAQ:MMYT) Q2 2025 Earnings Conference Call October 23, 2024 7:30 AM ET Company Participants Rajesh Magow - Co-Founder & Group Chief Executive Officer Mohit Kabra - Group Chief Financial Officer Vipul Garg - Vice President, Investor Relations Conference Call Participants Sachin Salgaonkar - Bank of America Manish Adukia - Goldman Sachs Gaurav Rateria - Morgan Stanley Aditya Suresh - Macquarie Vijit Jain - Citi Ankur Rudra - JPMorgan Manik Taneja - Axis Capital Vipul Garg Hello everyon ...

MakeMyTrip (MMYT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this online travel company would post earnings of $0.20 per share when it actually produced earnings of $0.39, delivering a surprise of 95%.Over the last four quarters, the com ...

Revenue Growth - Revenue for Q2 FY2025 was $211.0 million, a 25.1% increase from $168.7 million in Q2 FY2024[5] - Total revenue for the three months ended September 30, 2024, increased by 25% to $210,993 thousand compared to $168,690 thousand in the same period of 2023[38] - For the six months ended September 30, 2024, consolidated revenue reached $465.51 million, up from $365.42 million in the same period of 2023, marking a 27% increase[46] - For the three months ended September 30, 2024, total revenue reported was $210.99 million, with a constant currency amount of $213.37 million, reflecting a year-over-year growth of 27.1% in constant currency[48] - For the six months ended September 30, 2024, total revenue reported was $465.51 million, with a constant currency amount of $471.56 million, showing a year-over-year growth of 27.4% in constant currency[48] Segment Performance - Air ticketing revenue increased by 25.6% YoY to $61.0 million, with an adjusted margin of $96.0 million, up 19.7% YoY[7][8] - Hotels and packages revenue rose by 15.5% YoY to $103.2 million, with an adjusted margin of $90.7 million, up 19.9% YoY[8] - Bus ticketing revenue increased by 25.4% YoY to $24.8 million, with an adjusted margin of $27.1 million, up 24.3% YoY[9] - Revenue from other services surged by 100.8% YoY to $22.0 million, with an adjusted margin of $16.4 million, up 49.3% YoY[10] - Adjusted Margin for Air Ticketing was $96.03 million, with a margin percentage of 6.8% for the three months ended September 30, 2024[51] - Adjusted Margin for Hotels and Packages reached $90.73 million, maintaining a margin percentage of 17.5% for the three months ended September 30, 2024[51] Profitability - Operating profit for the quarter was $26.1 million, reflecting a 288.9% increase YoY[2] - Net profit for the period was $17.9 million, a significant increase of 797.0% YoY[2] - Profit for the quarter ended September 30, 2024, was $17.9 million, up from $2.0 million in the same quarter of 2023[19] - Profit before tax for the three months ended September 30, 2024, rose significantly to $25.55 million, compared to $2.18 million in the same period of 2023[44] - Adjusted net profit for the six months ended September 30, 2024, was $85.21 million, compared to $61.39 million in the same period of 2023, indicating a growth of 39%[46] Expenses - Service cost increased by 23.6% to $49.8 million for the quarter ended September 30, 2024, compared to $40.3 million for the same period in 2023[12] - Personnel expenses rose by 12.5% to $39.4 million in the quarter ended September 30, 2024, up from $35.0 million in the prior year[13] - Marketing and sales promotion expenses surged by 43.0% to $35.8 million in the quarter ended September 30, 2024, compared to $25.0 million in the same quarter of 2023[14] - Marketing and sales promotion expenses increased by 44% to $75,876 thousand for the six months ended September 30, 2024, compared to $55,622 thousand in the same period of 2023[38] Financial Position - As of September 30, 2024, cash and cash equivalents and term deposits totaled $717.2 million[21] - Cash and cash equivalents at the end of the period increased by 24% to $401,873 thousand as of September 30, 2024, compared to $327,065 thousand at the beginning of the period[42] - Total assets decreased by 6.7% to $1,660,077 thousand as of March 31, 2024, from $1,779,287 thousand as of September 30, 2024[36] - Loans and borrowings increased to $223,730 thousand as of September 30, 2024, from $216,818 thousand as of March 31, 2024[36] Shareholder Returns - The company has remaining authority to repurchase up to $135.8 million of its outstanding ordinary shares and 2028 Notes[23] - Diluted earnings per share increased to $0.16 for the quarter ended September 30, 2024, compared to $0.02 in the prior year[20] - The company reported a basic earnings per share of $0.16 for the three months ended September 30, 2024, compared to $0.02 in the same period of 2023[38] Strategic Outlook - The company remains optimistic about the long-term outlook of India's travel and tourism market[3] - Focus on innovation and technology to enhance customer experience is a key strategy moving forward[3] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46] Customer Metrics - Gross bookings for Q2 FY2025 reached $2,257.2 million, a 22.7% increase YoY[4] - The number of Air Ticketing flight segments increased from 13,068 to 15,105, representing a growth of approximately 15.6% year-over-year[51] - The number of Bus Ticketing travelled tickets rose from 19,403 to 23,558, indicating a growth of about 21.0% year-over-year[51] - The company reported a total of 8,504 room nights for Hotels and Packages for the three months ended September 30, 2024, up from 7,238 room nights, marking a growth of 17.5% year-over-year[51] Financial Adjustments - Net finance costs decreased significantly to $0.5 million in the quarter ended September 30, 2024, from $4.5 million in the prior year[17] - The company reported a net finance income of $1,187 thousand for the six months ended September 30, 2024, compared to a net finance cost of $5,074 thousand in the same period of 2023[38] - Finance income for the three months ended September 30, 2024, was $7.28 million, compared to $5.46 million in the same period of 2023, reflecting a growth of 33%[44] Taxation - Income tax expense increased to $7.6 million for the quarter ended September 30, 2024, compared to $0.2 million in the same quarter of 2023[18]

Core Viewpoint - MakeMyTrip (MMYT) is expected to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the actual results being crucial for its near-term stock price movement [1][2]. Earnings Expectations - The consensus estimate for MakeMyTrip's quarterly earnings is $0.33 per share, reflecting a year-over-year increase of 32% [3]. - Revenues are anticipated to reach $214.9 million, which is a 27.4% increase compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 89.47% higher in the last 30 days, indicating a significant reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [7][8]. - MakeMyTrip currently holds a Zacks Rank of 1, but the combination with an Earnings ESP of 0% complicates predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, MakeMyTrip exceeded the expected earnings of $0.20 per share by delivering $0.39, resulting in a surprise of 95% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While MakeMyTrip may not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].