MMYT

MakeMyTrip Limited (MMYT) Q1 2027 Earnings Call Transcript

MakeMyTrip NASDAQ: MMYT reported fiscal 2027 first-quarter growth in its hotels, packages and ground transportation businesses, helping offset softer air-ticketing trends amid geopolitical disruptions, higher fuel costs and elevated airfare levels.

From a technical perspective, MakeMyTrip (MMYT) is looking like an interesting pick, as it just reached a key level of support. MMYT recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

GURUGRAM, India & NEW YORK--(BUSINESS WIRE)---- $MMYT #AirTicketing--MakeMyTrip Limited plans to report its fiscal 2027 first quarter financial and operating results before markets open on Monday, August 03, 2026.

The average of price targets set by Wall Street analysts indicates a potential upside of 34.1% in MakeMyTrip (MMYT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

MakeMyTrip (MMYT) closed at $53.21 in the latest trading session, marking a -2.58% move from the prior day.

MakeMyTrip (MMYT) closed at $55.75 in the latest trading session, marking a -2.33% move from the prior day.

MakeMyTrip (MMYT) closed at $57.08 in the latest trading session, marking a -2.63% move from the prior day.

MakeMyTrip (MMYT) reached $57.35 at the closing of the latest trading day, reflecting a -1.58% change compared to its last close.

MakeMyTrip remains a buy as recent growth slowdown is attributed to temporary travel disruptions, not structural demand issues. MMYT's platform resilience is evident, with strong growth in hotels, packages, and bus segments offsetting air travel weakness. Valuation has become more attractive at 27x NTM PE, reflecting conflict-driven de-rating rather than fundamental deterioration.