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MMYTMakeMyTrip LtdNasdaq

MakeMyTrip Reports Fiscal Q3 2026 Earnings

6-KEarningsvolatileImpact68

MMYT Price

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MakeMyTrip reported strong revenue and adjusted profit growth for Q3 2026, but IFRS profit declined significantly due to higher finance costs

Earnings Snapshot

Revenue
$295.7M
Adjusted Operating Profit
$50.7M
Adjusted Net Profit
$51.4M
Gross Bookings
$2,784.5M

MakeMyTrip announced its fiscal Q3 2026 results, with revenue increasing 10.6% year-over-year to $295.7 million and Adjusted Operating Profit rising 10.2% to $50.7 million. This growth was driven by robust travel demand in India, particularly in hotels, packages, and bus ticketing. However, the company's IFRS profit for the period sharply declined by 73.1% to $7.3 million, primarily due to a substantial increase in net finance costs related to convertible senior notes. Additionally, the National Company Law Tribunal of India approved the merger of two wholly-owned Indian subsidiaries, expected to be effective in the current fiscal year

Score68

Score Rationale

volatile

The company's core business shows solid growth, but a significant increase in finance costs led to a sharp drop in reported IFRS profit, creating mixed investor signals.

Performance & Outlook

Revenue

Up 10.6% (15.4% in constant currency) YoY
Q3 2025
$267.4M
Q3 2026
$295.7M

Adjusted Operating Profit

Up 10.2% YoY
Q3 2025
$46.0M
Q3 2026
$50.7M

Profit for the period (IFRS)

Down 73.1% YoY
Q3 2025
$27.1M
Q3 2026
$7.3M

Key Business Updates

  1. Gross Bookings Growth11.8% YoY

    Gross Bookings increased by 11.8% year-over-year in constant currency to $2,784.5 million, driven by strong travel demand.

  2. Hotels and Packages Adjusted MarginUp 14.6% YoY

    Adjusted Margin for Hotels and Packages increased by 14.6% year-over-year in constant currency to $133.2 million, reflecting robust demand.

  3. Bus Ticketing Adjusted MarginUp 26.1% YoY

    Adjusted Margin for Bus Ticketing increased by 26.1% year-over-year in constant currency to $42.4 million, indicating strong performance in this segment.

Other Material Event

Strategic TransactionSubsidiary Merger Approval

The NCLT approved the merger of two wholly-owned Indian subsidiaries, expected to be effective in fiscal year 2026.

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MMYT Market Context

SectorConsumer Cyclical
IndustryTravel & Leisure
Market Cap$5.56B
Shares Outstanding94.87M
Public Float74.36M
Public Float %78.4%
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Original Filing Text

SEC filing text preserved from the raw item store.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the quarter ended December 31, 2025

Commission File Number 001-34837

 

MAKEMYTRIP LIMITED

(Translation of registrant’s name into English)

 

19th Floor, Building No. 5

DLF Cyber City

Gurugram, India, 122002

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F Form 40-F

 

 

 


 

MakeMyTrip Limited (“MakeMyTrip” or the “Company”) is incorporating by reference the information set forth in this Form 6-K into its automatically effective resale shelf registration statement on Form F-3 (File No. 333-288084) dated June 16, 2025, as amended.

Other Events

Announcement of Unaudited Financial Results for the quarter ended December 31, 2025

On January 21, 2026, MakeMyTrip issued an earnings release announcing its unaudited financial results for the third quarter of fiscal 2026 (i.e. quarter ended December 31, 2025). A copy of the earnings release dated January 21, 2026 is attached hereto as Exhibit 99.1.

 


 

Exhibit

 

99.1

Earnings release of MakeMyTrip Limited dated January 21, 2026.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

EXHIBIT INDEX

 

99.1

Earnings release of MakeMyTrip Limited dated January 21, 2026.

 

 

 

 


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 21, 2026

 

MAKEMYTRIP LIMITED

 

 

By:

/s/ Rajesh Magow

Name:

Rajesh Magow

Title:

Group Chief Executive Officer