To the full analysis
MakeMyTrip stock: growth
MMYTMakeMyTrip reported $1.04B in revenue for fiscal 2026, up 6.7% on the prior year, up 44.9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
20.2%
per year from 2008 to 2026, per share 11.6%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2016 | since 2008 | |
|---|---|---|---|
| Revenue | 44.9% | 12.0% | 20.2% |
| Revenue per share | 46.2% | 2.4% | 11.6% |
| Earnings | no data | no data | no data |
| Earnings per share | no data | no data | no data |
| Free cash flow | 20.1% | no data | no data |
| Free cash flow per share | 21.2% | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2008 | $38.33M | −$18.89M | −$21.67M |
| 2009 | $68.55M | −$7.35M | −$4.09M |
| 2010 | $83.56M | −$6.21M | $4.12M |
| 2011 | $124.72M | $4.83M | −$9.18M |
| 2012 | $196.6M | $7.05M | $1.87M |
| 2013 | $228.82M | −$27.59M | $6.61M |
| 2014 | $255.38M | −$20.93M | −$9.53M |
| 2015 | $299.66M | −$18.25M | $3.86M |
| 2016 | $336.05M | −$88.52M | −$77.11M |
| 2017 | $447.62M | −$110.17M | −$123.44M |
| 2018 | $675.26M | −$218.41M | −$137.57M |
| 2019 | $486.01M | −$167.76M | −$88.63M |
| 2020 | $511.53M | −$447.78M | −$125.49M |
| 2021 | $163.44M | −$55.64M | $67.29M |
| 2022 | $303.92M | −$45.41M | −$6.91M |
| 2023 | $593.04M | −$11.32M | $15.31M |
| 2024 | $782.52M | $216.8M | $112.92M |
| 2025 | $978.34M | $95.1M | $173.52M |
| 2026 | $1.04B | $51.8M | $168.01M |
Revenue by segment
How MakeMyTrip Limited makes its money and how that has shifted. Names are as the company reports them.
- Hotels And Packages51%
- Air Ticketing23%
- Bus Ticketing14%
- Other12%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Hotels And Packages | $237.52M | $235.81M | $67.98M | $157.27M | $337.69M | $435.54M | $520.41M | $533.06M | 51.1% |
| Air Ticketing | $166.71M | $174.36M | $57.01M | $88.71M | $147.79M | $201.25M | $241.53M | $239.95M | 23% |
| Bus Ticketing | $53.75M | $65.01M | $24.9M | $39.9M | $74.87M | $92.69M | $119.36M | $145.27M | 13.9% |
| Other | $28.03M | $36.35M | $13.56M | $18.05M | $32.68M | $53.04M | $97.04M | $125.71M | 12% |
| Total revenue | $486.01M | $511.53M | $163.44M | $303.92M | $593.04M | $782.52M | $978.34M | $1.04B | 100% |
Revenue by region
Where MakeMyTrip Limited generates its revenue.
- India90%
- South East Asia5%
- United Arab Emirates4%
- Other< 1%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| India | $647.08M | $453.91M | $490.86M | $161.31M | $298.25M | $564.28M | $739.65M | $922.62M | $944.41M | 90.5% |
| South East Asia | $10.89M | $20.15M | $10.32M | $1.38M | $2.22M | $11.2M | $14.21M | $16.75M | $52.23M | 5% |
| United Arab Emirates | no data | no data | no data | no data | no data | no data | no data | no data | $41.05M | 3.9% |
| Other | $17.29M | $11.95M | $10.34M | $0 | $3.46M | $17.55M | $28.66M | $38.97M | $0 | 0% |
| Total revenue | $675.26M | $486.01M | $511.53M | $163.44M | $303.92M | $593.04M | $782.52M | $978.34M | $1.04B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Nov 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.