MakeMyTrip Q1 2026 Earnings Miss EPS Estimates, Revenue Up 5.6% YOY

MakeMyTrip's Q1 2026 earnings report showed a 5.6% YoY increase in revenue to $268.8m and a 23% YoY increase in net income to $25.9m. However, EPS missed analyst expectations by 26%. The company's shares are up 6.4% from a week ago.

MakeMyTrip (NASDAQ: MMYT) has released its Q1 2026 earnings report, showcasing a 5.6% year-over-year (YoY) increase in revenue to $268.8 million. The company's net income also saw a significant 23% YoY increase to $25.9 million. However, the earnings per share (EPS) missed analyst expectations by 26% [1].

The revenue growth was driven by a 12.4% YoY increase in gross bookings to $2.6 billion. This growth was primarily attributed to strong performance in bus ticketing and other travel services. The company's adjusted margins improved across all segments, with the adjusted margin growth close to 18.8% [2].

Despite the positive financial performance, MakeMyTrip faced challenges in the domestic leisure travel market due to geopolitical tensions and a tragic airplane crash. The holiday Packages business remained largely flat year on year due to these external events. The company's shares are up 6.4% from a week ago, reflecting investor optimism despite the EPS miss [1].

Looking ahead, MakeMyTrip remains optimistic about the long-term growth prospects of the travel sector in India. The company expects growth to improve in the next three quarters as the impact of recent events subsides. The adjusted margin growth indicates that the company is on track to achieve high teens to 20% growth for the year [2].

References:
[1] https://finance.yahoo.com/news/makemytrip-first-quarter-2026-earnings-183911906.html
[2] https://www.ainvest.com/news/makemytrip-q1-2026-earnings-resilient-performance-5-6-revenue-growth-2507/