Shares of MakeMyTrip Ltd (MMYT, Financial) fell 5.17% in mid-day trading on Oct 2. The stock reached an intraday low of $86.64, before recovering slightly to $86.93, down from its previous close of $91.67. This places MMYT 21.32% below its 52-week high of $110.49 and 136.16% above its 52-week low of $36.81. Trading volume was 727,062 shares, 120.8% of the average daily volume of 601,739. Wall Street Analysts Forecast Based on the one-year price targets offered by 9 analysts, the average target price for Mak ...

Company Performance - MakeMyTrip (MMYT) closed at $94.96, with a daily increase of +0.48%, outperforming the S&P 500's loss of 0.13% [1] - The stock has decreased by 2.54% over the past month, underperforming the Computer and Technology sector's gain of 2.7% and the S&P 500's gain of 2.43% [1] Upcoming Earnings - The upcoming earnings disclosure is highly anticipated, with consensus estimates projecting revenue of $216.03 million, reflecting a 28.06% increase from the prior year quarter [2] - For the full year, earnings are expected to be $1.71 per share and revenue at $946.59 million, indicating changes of +40.16% and +20.97% respectively from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for MakeMyTrip are important as they indicate shifting business trends, with upward revisions suggesting analysts' positive outlook on the company's operations and profit generation [3] Zacks Rank and Valuation - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] - The company is trading at a Forward P/E ratio of 55.27, which is significantly higher than the industry's average Forward P/E of 23.99 [6] PEG Ratio - The PEG ratio for MakeMyTrip is currently at 4.02, compared to the Internet - Delivery Services industry's average PEG ratio of 2.31 [7] Industry Overview - The Internet - Delivery Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 169, placing it in the bottom 34% of over 250 industries [8]

Group 1 - MakeMyTrip (MMYT) closed at $105.76, with a +1.41% change, outperforming the S&P 500, which fell by 0.29% [1] - The stock has gained 11.54% over the past month, while the Computer and Technology sector lost 1.17% [1] Group 2 - The upcoming earnings disclosure is anticipated, with a consensus revenue estimate of $216.03 million, reflecting a 28.06% increase year-over-year [2] - For the fiscal year, earnings are projected at $1.71 per share and revenue at $946.59 million, indicating increases of +40.16% and +20.97% respectively [2] Group 3 - Recent changes in analyst estimates for MakeMyTrip are crucial as they indicate business trends and analysts' confidence in performance [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with 1 stocks averaging a +25% annual return since 1988 [4][5] Group 4 - MakeMyTrip's current Forward P/E ratio is 60.99, significantly higher than the industry's Forward P/E of 23.73 [6] - The PEG ratio for MMYT is 4.49, compared to the Internet - Delivery Services industry's average PEG ratio of 2.55 [6] Group 5 - The Internet - Delivery Services industry ranks in the top 21% of all industries, with a Zacks Industry Rank of 52 [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Company Performance - MakeMyTrip (MMYT) closed at $93.76, reflecting a -0.87% change from the previous day, underperforming the S&P 500's daily loss of 0.3% [1] - Over the past month, shares of MakeMyTrip gained 6.76%, outperforming the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 3.42% [1] Upcoming Earnings - The upcoming earnings release is projected to show revenue of $216.03 million, a 28.06% increase from the same quarter last year [2] - For the full year, analysts expect earnings of $1.71 per share and revenue of $946.59 million, representing changes of +40.16% and +20.97% from last year, respectively [2] Analyst Estimates - Recent adjustments to analyst estimates for MakeMyTrip reflect shifting short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [3] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 55.31, which is a premium compared to the industry's average Forward P/E of 24.24 [6] - The company has a PEG ratio of 4.07, while the Internet - Delivery Services industry has an average PEG ratio of 2.32 [6] Industry Context - The Internet - Delivery Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 164, placing it in the bottom 36% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

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Core Insights - The report titled "Tourism Destination Market Insight: India (2024)" provides a comprehensive analysis of the Indian domestic and inbound tourism market, highlighting key trends and popular tourism types in the region [1][2]. Group 1: Market Analysis - The report offers an in-depth analysis of key trends, spending patterns, tourism construction projects, and foreign direct investments in India's tourism sector [2][4]. - It identifies main source markets for inbound tourism and discusses current and future opportunities and challenges for tourism businesses in India [2][3]. Group 2: Economic Impact - The report emphasizes the significance of the inbound and domestic tourism industry in India, detailing how it contributes to tourism industry growth and overall economic development [3][4]. - It explores key market destinations in India for global travelers, along with potential opportunities and challenges faced by the Indian tourism sector [3]. Group 3: Insights for Businesses - The report provides insights into developments in India's domestic and inbound tourism markets, using data to discuss future trends related to domestic trips, international arrivals, and traveler spending [4]. - It examines different profiles of global tourists and their travel motivations, offering insights into trends across various segments of the Indian tourism market [4]. Group 4: Key Topics Covered - The report covers several key topics including the Tourism Potential index, key trends, tourism construction projects, foreign direct investment, source markets, types of tourism, and destination focus & attractions [5]. - It also includes a risk and SWOT analysis relevant to the tourism industry in India [5]. Group 5: Featured Companies - The report features several companies involved in the Indian tourism sector, including SOTC, MakeMyTrip, Indian Hotels Company, Oberoi, Indian Railways, SpiceJet, Air India, and IndiGo [5].

Investment Overview - MMYT is an online travel agency primarily operating in India, contributing 95% of FY24 revenue, with air tickets at 39%, hotels & packages at 43%, and other revenue at 18% [1] - MMYT holds a dominant market position in India with a 60% market share [1] Growth Trends - Domestic travel demand is strong, and international tourism is expected to follow suit as the population becomes wealthier, with MMYT reporting outbound travel growth exceeding domestic travel growth [2] - MMYT's gross bookings increased by 17% year-over-year to $2.38 billion, with revenue growing 25% to $244 million [5] - The air segment is anticipated to see growth acceleration due to improved domestic supply, completion of elections, and easing weather conditions [5] Financial Performance - MMYT's international hotels & packages segment saw an impressive revenue growth of 88% in 1Q25, significantly outpacing overall segment growth [12] - The company achieved a cash EBITDA margin of 17.6% in 1Q25, marking an all-time high since profitability began in 2Q22 [13] - Management expects adjusted EBIT margin to reach 1.8% to 2% over the medium term, with a historical trend of margin expansion observed [13] Market Position and Valuation - MMYT is projected to maintain strong revenue growth at 25% for FY25 and FY26, outperforming peers like Booking Holdings and Expedia Group [8] - The company trades at a premium valuation of 9.2x forward revenue compared to the peer average of 4.2x, justified by its growth performance and market dominance [8] Conclusion - The long-term growth outlook for MMYT is robust, supported by a strong domestic travel industry and increasing international travel demand [10] - The expected target price for MMYT is set at $111, reflecting confidence in its growth trajectory [14]

MakeMyTrip (MMYT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 95%. A quarter ago, it was expected that this online travel company would post earnings of $0.26 per share when it actually produced earnings of $0.38, delivering a surprise of 46.15%. Over the last four quarters, the ...

Revenue Growth - Revenue for Q1 FY2025 increased by 29.4% YoY to $254.5 million, with a constant currency growth of 31.4%[7] - Total revenue for the three months ended June 30, 2024, increased by 29.2% to $254.5 million from $196.7 million in the same period of 2023[43] - Consolidated revenue for the three months ended June 30, 2024, increased to $254.51 million, up from $196.73 million in 2023, representing a growth of 29.4%[49] Segment Performance - Air ticketing revenue rose by 25.4% YoY to $57.5 million, while adjusted margin for air ticketing increased by 19.6% YoY to $89.1 million[9][10] - Hotels and packages revenue grew by 27.5% YoY to $146.8 million, with adjusted margin increasing by 25.4% YoY to $107.3 million[10] - Bus ticketing revenue increased by 17.2% YoY to $29.2 million, and adjusted margin rose by 18.6% YoY to $32.4 million[11][12] - Revenue from other services surged by 95.2% YoY to $20.9 million, with adjusted margin increasing by 36.6% YoY to $14.9 million[13] Profitability - Adjusted operating profit improved to $39.1 million, reflecting a YoY increase of $9.0 million[6] - Adjusted net profit rose to $44.5 million, marking a YoY improvement of $10.9 million[6] - Profit for the quarter ended June 30, 2024, was $21.0 million, an increase from $18.6 million in the same quarter of 2023[22] - Adjusted Net Profit was $44.5 million for the quarter ended June 30, 2024, compared to $33.6 million in the same quarter of 2023[22] - Adjusted Operating Profit was $39.1 million for the quarter ended June 30, 2024, compared to $30.1 million in the same quarter of 2023[19] Expenses - Service costs increased by 42.8% YoY to $85.1 million, driven by robust travel demand[15] - Personnel expenses rose by 12.9% YoY to $38.2 million, primarily due to annual wage increases[16] - Marketing and sales promotion expenses increased by 31.0% to $40.1 million for the quarter ended June 30, 2024, compared to $30.6 million for the same period in 2023[17] - Other operating expenses increased by 20.3% to $56.7 million for the quarter ended June 30, 2024, up from $47.1 million in the prior year[17] - Customer inducement costs recorded as a reduction of revenue rose to $74.2 million in the quarter ended June 30, 2024, from $61.2 million in the same quarter of 2023[17] Financial Position - Total assets as of June 30, 2024, were $1.73 billion, up from $1.66 billion as of March 31, 2024[40] - Cash and cash equivalents at the end of the period increased to $348.8 million from $327.1 million at the beginning of the period[47] - The company’s accumulated deficit decreased to $999.5 million as of June 30, 2024, from $1.02 billion as of March 31, 2024[40] - The company’s total equity attributable to owners increased to $1.14 billion from $1.11 billion over the same period[40] - Loans and borrowings increased slightly to $224.6 million as of June 30, 2024, from $221.6 million as of March 31, 2024[40] Market Outlook - The company anticipates continued growth in India's travel and tourism sector, driven by macroeconomic factors[5] Earnings Per Share - Diluted earnings per share increased to $0.19 for the quarter ended June 30, 2024, from $0.17 in the same quarter of 2023[23] - The adjusted diluted earnings per share improved to $0.39 in 2024 from $0.30 in 2023, reflecting a growth of 30%[51]

Group 1 - MakeMyTrip (MMYT) has returned approximately 92.1% year-to-date, significantly outperforming the average gain of 29.2% in the Computer and Technology sector [7] - The Zacks Consensus Estimate for MMYT's full-year earnings has increased by 12.5% over the past three months, indicating improved analyst sentiment and a more positive earnings outlook [3] - MakeMyTrip is classified under the Internet - Delivery Services industry, which is currently ranked 29 in the Zacks Industry Rank, with stocks in this group gaining about 27.3% year-to-date, showing that MMYT is performing better than its peers [8] Group 2 - Ouster, Inc. has seen a consensus EPS estimate increase of 33.9% over the past three months and currently holds a Zacks Rank of 2 (Buy) [4][6] - The Electronics - Miscellaneous Components industry, to which Ouster belongs, is ranked 182 and has experienced a gain of 12.1% so far this year [5] - Both MakeMyTrip and Ouster, Inc. are highlighted as stocks to watch for continued solid performance in the Computer and Technology sector [9]