MakeMyTrip (MMYT) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.53
- Estimate
- $0.43
- Surprise
- +21.9%
- Score at report (before → after)
- 4.7 → 4.6/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
MakeMyTrip (MMYT) beat the $0.43 estimate with adjusted EPS of $0.53 — a large 21.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (4.7/10) to Sell at 4.6/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MMYT Sell at 5.2/10.
2 of the last 4 quarters beat the estimate; this quarter's +21.9% surprise compares with a +5.5% four-quarter average. Next scheduled report: 2027-01-20.
What supports the rating
- Positive insider activity
- Analyst upside: 35%
What argues against it
- Sector modifier (Consumer Cyclical): -1.5
- Weak growth
- Below 200-MA, MA slope -9.4%/30d (confirmed downtrend)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $43.59
- Price target
- $58.90
- Stop
- $40.54
- Upside to target
- +35.1%
- Reward-to-risk
- 3.2:1
The stock trades at 157.1× trailing but 17.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
MMYT at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Travel Services
- Market cap
- $3.99B
- P/E (fwd)
- 17.8
- P/E (ttm)
- 157.1
- 52-week range
- $32.67–$86.94
- Off 52-week high
- 49.9%
- RSI (14)
- 47
- Volume vs avg
- 0.06×
- Score today
- 5.2/10