Company Performance - MakeMyTrip shares have gained 6.84% over the past month, lagging behind the Computer and Technology sector's gain of 8.41% and outperforming the S&P 500's gain of 4.08% [1] - In the latest trading session, MakeMyTrip closed at $86.66, marking a +0.83% move from the previous day, outpacing the S&P 500's 0.1% gain [6] - The company is forecasted to report an EPS of $0.38, showcasing a 26.67% upward movement from the corresponding quarter of the prior year, with a revenue estimate of $230.58 million, indicating a 17.21% increase compared to the same quarter of the previous year [7] Analyst Estimates and Ratings - Recent changes to analyst estimates for MakeMyTrip indicate a favorable outlook on the company's business health and profitability [2] - MakeMyTrip currently possesses a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The Zacks Rank system has a track record of superior performance, with 1 stocks contributing an average annual return of +25% since 1988 [3] Valuation Metrics - MakeMyTrip has a PEG ratio of 4.6, compared to the industry average PEG ratio of 2.55 [4] - The company has a Forward P/E ratio of 53.22, representing a premium compared to its industry's average Forward P/E of 22.16 [9] Industry Context - The Internet - Delivery Services industry, part of the Computer and Technology sector, carries a Zacks Industry Rank of 27, placing it within the top 11% of over 250 industries [10] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [5] Full Year Projections - For the full year, the Zacks Consensus Estimates project earnings of $1.62 per share and a revenue of $926.3 million, demonstrating changes of +32.79% and +27.21%, respectively, from the preceding year [12]

According to our latest data, MMYT has moved about 76.8% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 25.7%. This means that MakeMyTrip is performing better than its sector in terms of year-to-date returns. One other Computer and Technology stock that has outperformed the sector so far this year is Monday.com (MNDY) . The stock is up 25.8% year-to-date. In contrast, Monday.com falls under the Internet - Software industry. Currently, this industry has ...

Company Performance - MakeMyTrip's stock has increased by 7.99% over the past month, outperforming the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 3.22% [1] - The company is projected to report earnings of $1.62 per share and revenue of $926.3 million for the full year, reflecting increases of +32.79% and +18.37% from the previous year [2] - The upcoming earnings disclosure is expected to show an EPS of $0.38, representing a 26.67% increase from the same quarter last year, with net sales projected at $230.58 million, up 17.21% from the prior year [8] Valuation Metrics - MakeMyTrip is currently trading with a Forward P/E ratio of 52.08, which is a premium compared to the industry's average Forward P/E of 21.73 [4] - The company has a PEG ratio of 4.5, while the Internet - Delivery Services industry has an average PEG ratio of 2.5 [11] Industry Context - The Internet - Delivery Services industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 28, placing it in the top 12% of over 250 industries [5] - The strength of individual industry groups is measured by the Zacks Industry Rank, which indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [12] Analyst Insights - Positive revisions in analyst estimates for MakeMyTrip indicate optimism regarding the company's business and profitability [9] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that MakeMyTrip currently holds a Zacks Rank of 1 (Strong Buy) [10]

Analysts and investors alike will be keeping a close eye on the performance of MakeMyTrip in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.38, signifying a 26.67% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $230.58 million, up 17.21% from the year-ago period. Investors should also take note of any recent adjustments to analyst estimates for MakeMyTrip. These latest adjustments oft ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about MakeMyTrip (MMYT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. MakeMyTrip currently has an average brokerage recommendatio ...

The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages. Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend. MakeMyTrip (MMYT) is looking like an interesting pick f ...

ycharts.com Since then, the stock has exceeded this target price - up by over 35% from my last article and trading at $79.24 at the time of writing. The purpose of this article is to assess whether MakeMyTrip has the prospect for further upside from here. Performance When looking at Q4 and FY 2024 results, we can see that revenue is up by 36.6% as compared to the prior year quarter, and up by 32% on a yearly basis: | | | For the three | For the three | | | | | | | | --- | --- | --- | --- | --- | --- | --- | ...

There are several behavioral biases that most investors exhibit in their decision-making. And these emotional responses, or rather mistakes, make the momentum strategy work. For example, some investors are anxious about booking losses and hence hold on to losing stocks for too long, hopeful of a rebound in prices. On the other hand, a few investors sell their winners way too early. Momentum investing is one of the best strategies to avoid making such errors in judgment. Furthermore, investors initially tend ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: MakeMyTrip (MMYT) - MakeMyTrip currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [2][3] - The stock has shown significant price increases, with a 3.61% rise over the past week, and a 35.92% increase over the past month, outperforming the Zacks Internet - Delivery Services industry, which rose 0.86% and 8.51% respectively [5] - Over the past quarter, MMYT shares have risen 48.73%, and 224.6% over the last year, compared to the S&P 500's increases of 5.91% and 30.04% [6] Trading Volume - MMYT's average 20-day trading volume is 776,378 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for MMYT has increased, raising the consensus estimate from $1.46 to $1.60 for the full year, with no downward revisions [9] - For the next fiscal year, one estimate has also moved upwards, indicating positive sentiment in earnings expectations [9] Conclusion - Given the strong performance metrics and positive earnings outlook, MMYT is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 1 (Strong Buy) [10]

Revenue Growth - Revenue increased by 36.6% YoY to $202.9 million in Q4 2024, driven by growth in air ticketing (41.6%), hotels and packages (28.5%), bus ticketing (25.7%), and others (115.5%)[9] - Revenue for fiscal year 2024 increased by 32.0% to $782.5 million, driven by growth in air ticketing, hotels, packages, and bus ticketing businesses[28] - Total revenue for the year ended March 31, 2024 increased to $782.5 million, up from $593.0 million in the previous year, representing a growth of 32%[72] - Revenue for the year ended March 31, 2024, grew by 32.0% YoY to $782.5 million, with constant currency growth at 35.7%[83] Gross Bookings - Gross Bookings grew by 23.0% YoY to $2,039.0 million in Q4 2024 and by 24.9% YoY to $7,954.4 million in FY24[8] - Gross bookings for Air Ticketing reached $1,282,805 thousand in Q1 2024, up 19.7% from $1,071,744 thousand in Q1 2023[85] - Gross bookings for Hotels and Packages grew to $495,592 thousand in Q1 2024, a 27.5% increase from $388,606 thousand in Q1 2023[85] - Gross bookings for Bus Ticketing rose to $260,562 thousand in Q1 2024, up 22.0% from $213,504 thousand in Q1 2023[85] Adjusted Operating Profit - Adjusted Operating Profit improved by 70.4% YoY to $32.4 million in Q4 2024 and by 76.7% YoY to $124.2 million in FY24[8] - Adjusted Operating Profit for Q1 2024 increased to $32.4 million, up from $19.0 million in Q1 2023[80] Adjusted Net Profit - Adjusted Net Profit grew by 60.1% YoY to $36.9 million in Q4 2024 and by 159.3% YoY to $137.2 million in FY24[8] - Adjusted Net Profit for Q1 2024 was $36.9 million, compared to $23.1 million in Q1 2023[81] - Profit for the year surged to $216.7 million in FY 2024, compared to a loss of $11.2 million in FY 2023, with Adjusted Net Profit reaching $137.2 million[44] - Profit for Q1 2024 was $171.9 million, compared to $5.4 million in Q1 2023, with an Adjusted Net Profit of $36.9 million[24] - Profit for the year ended March 31, 2024 was $216.7 million, a significant improvement from a loss of $11.2 million in the previous year[72] Segment Revenue Growth - Air Ticketing revenue increased by 41.6% YoY to $55.1 million in Q4 2024, with Adjusted Margin rising by 13.7% YoY to $83.7 million[11] - Hotels and Packages revenue grew by 28.5% YoY to $105.5 million in Q4 2024, with Adjusted Margin increasing by 41.3% YoY to $88.9 million[12] - Bus Ticketing revenue rose by 25.7% YoY to $23.8 million in Q4 2024, with Adjusted Margin up by 36.6% YoY to $26.1 million[13] - Others revenue surged by 115.5% YoY to $18.5 million in Q4 2024, with Adjusted Margin increasing by 55.1% YoY to $13.8 million[8] - Revenue from the others business increased by 115.5% to $18.5 million in Q1 2024, driven by elevated travel demand in India[15] - Revenue from the others business increased by 62.3% to $53.0 million in FY 2024, driven by elevated travel demand in India[34] - Air ticketing revenue grew to $201.2 million for the year ended March 31, 2024, a 36% increase compared to $147.8 million in the previous year[72] - Hotels and packages revenue reached $435.5 million for the year ended March 31, 2024, up 29% from $337.7 million in the previous year[72] - Bus ticketing revenue increased to $92.7 million for the year ended March 31, 2024, a 24% rise compared to $74.9 million in the previous year[72] - Other revenue surged to $53.0 million for the year ended March 31, 2024, a 62% increase from $32.7 million in the previous year[72] - Revenue for Air Ticketing increased by 41.6% YoY to $55.1 million in Q1 2024, with constant currency growth at 42.9%[83] - Hotels and Packages revenue grew by 28.5% YoY to $105.5 million in Q1 2024, with constant currency growth at 30.0%[83] - Bus Ticketing revenue rose by 25.7% YoY to $23.8 million in Q1 2024, with constant currency growth at 27.1%[83] Adjusted Margin - Adjusted Margin – Air ticketing increased by 13.4% to $317.7 million in fiscal year 2024, with customer inducement costs of $116.4 million[30] - Adjusted Margin – Others rose by 43.0% to $48.8 million in FY 2024, with customer inducement costs decreasing to $0.4 million[34] - Adjusted Margin for Air Ticketing increased by 12.7% YoY to $83.7 million in Q1 2024, with constant currency growth at 13.7%[83] - Adjusted Margin for Hotels and Packages grew by 39.9% YoY to $88.9 million in Q1 2024, with constant currency growth at 41.3%[83] - Adjusted Margin for the year ended March 31, 2024, increased by 13.4% YoY to $317.7 million, with constant currency growth at 16.7%[83] - Adjusted Margin for the year increased to $817.425 million in 2024 from $651.221 million in 2023[78] Segment Performance Metrics - The number of air ticketing flight segments increased by 2.9% YoY, driven by elevated travel demand in India[11] - Hotel-room nights increased by 19.9% YoY, contributing to the growth in Hotels and Packages revenue[12] - Air Ticketing flight segments increased to 12,815 thousand in Q1 2024, up 2.9% from 12,454 thousand in Q1 2023[85] - Hotels and Packages room nights grew to 7,757 thousand in Q1 2024, a 19.9% increase from 6,468 thousand in Q1 2023[85] - Bus Ticketing travelled tickets rose to 22,719 thousand in Q1 2024, up 21.3% from 18,735 thousand in Q1 2023[85] - Air Ticketing adjusted margin decreased to 6.5% in Q1 2024 from 6.9% in Q1 2023[85] - Hotels and Packages adjusted margin improved to 17.9% in Q1 2024 from 16.3% in Q1 2023[85] - Bus Ticketing adjusted margin increased to 10.0% in Q1 2024 from 9.1% in Q1 2023[85] Cost and Expenses - Service cost increased by 23.4% to $52.9 million in Q1 2024, primarily due to elevated travel demand in India and car booking business costs[17] - Personnel expenses increased by 28.3% to $43.3 million in Q1 2024, driven by share-based compensation and annual wage increases[18] - Marketing and sales promotion expenses increased by 36.2% to $31.6 million in Q1 2024, with customer inducement costs of $62.5 million[19] - Service cost increased by 21.1% to $215.1 million in FY 2024, primarily due to higher travel demand in India and car booking business costs[36] - Personnel expenses grew by 11.8% to $147.6 million in FY 2024, driven by share-based compensation and annual wage increases[37] - Marketing and sales promotion expenses increased by 21.4% to $123.3 million in FY 2024, reflecting higher variable costs and brand-building initiatives[38] Financial Performance - Results from operating activities showed a profit of $16.7 million in Q1 2024, compared to $8.0 million in Q1 2023[21] - Net finance income was $31.3 million in Q1 2024, compared to a net finance cost of $2.6 million in Q1 2023[22] - Net finance income improved to $27.7 million in FY 2024, compared to a net finance cost of $35.8 million in FY 2023, due to higher interest income and reduced foreign exchange losses[42] - Income tax benefit of $123.8 million was recognized in FY 2024, driven by deferred tax assets on tax losses and temporary differences[43] - Profit before tax for the year ended March 31, 2024, was $92.938 million, a significant improvement from a loss of $12.144 million in 2023[78] Earnings Per Share - Diluted earnings per share improved to $1.74 in FY 2024, compared to a diluted loss per share of $0.10 in FY 2023[45] - Basic earnings per share for the year ended March 31, 2024 was $1.95, compared to a loss per share of $0.10 in the previous year[72] - Adjusted Diluted Earnings per Share for Q1 2024 was $0.38, up from $0.21 in Q1 2023[81] Cash and Cash Equivalents - Cash and cash equivalents, including term deposits, stood at $607.8 million as of March 31, 2024[46] - Cash and cash equivalents grew to $327.1 million as of March 31, 2024, compared to $284.0 million as of March 31, 2023[70] - Cash and cash equivalents at the end of the year grew to $327.065 million from $284.018 million in the previous year[76] Total Assets and Equity - Total assets increased to $1.66 billion as of March 31, 2024, up from $1.36 billion as of March 31, 2023[70] - Total equity attributable to owners of the Company increased to $1.11 billion as of March 31, 2024, up from $869.6 million as of March 31, 2023[70] Comprehensive Income - Total comprehensive income for the year was $205.917 million, with a profit for the year of $216.743 million and other comprehensive loss of $10.826 million[74] Cash Flow - Net cash generated from operating activities increased to $125.740 million in 2024 from $32.213 million in 2023[76] Consolidated Financials - Consolidated revenue for the year ended March 31, 2024, was $782.524 million, up from $593.036 million in 2023[78] - Hotels and packages segment revenue grew to $435.542 million in 2024 from $337.686 million in 2023[78] - Air ticketing segment revenue increased to $201.246 million in 2024 from $147.793 million in 2023[78] - Bus ticketing segment revenue rose to $92.693 million in 2024 from $74.873 million in 2023[78] - All other segments revenue increased to $53.043 million in 2024 from $32.684 million in 2023[78]