Can MakeMyTrip’s (MMYT) Stronger International Trends Reinforce Its Long-Term Travel Platform Narrative?

• In the past week, MakeMyTrip reported stronger international air ticketing and hotel revenue trends, with trading activity rising above typical volume levels.
• Investor attention is increasingly centering on how resilient travel demand and recovering cross-border tourism could support MakeMyTrip’s upcoming quarterly earnings despite seasonal disruptions.
• Next, we’ll examine how this momentum in international air ticketing and hotel revenues might influence MakeMyTrip’s existing long-term investment narrative.

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MakeMyTrip Investment Narrative Recap

To own MakeMyTrip, you generally need to believe that online travel in and out of India can keep expanding, and that the platform can defend its position despite intense competition and supplier pushback. The recent strength in international air ticketing and hotel revenues supports the key near term catalyst of robust travel demand feeding into quarterly results, but it does little to reduce the bigger risk of demand volatility from geopolitical or macro shocks.

The most relevant recent announcement in this context is MakeMyTrip’s upcoming Q3 2025 earnings release scheduled for 23 January 2025, where rebounding international travel trends could show up in reported revenue and booking metrics. That print may help investors gauge whether the latest uplift in cross border demand is strong enough to offset recent pressure on margins and earnings, and whether the business can absorb higher promotional and operating costs without eroding profitability further.

But before getting too comfortable, investors should be aware of how sensitive MakeMyTrip’s booking volumes could be to sudden regional disruptions such as...

Read the full narrative on MakeMyTrip (it's free!)

MakeMyTrip's narrative projects $1.8 billion revenue and $288.3 million earnings by 2028.

Uncover how MakeMyTrip's forecasts yield a $111.40 fair value, a 32% upside to its current price.

Exploring Other Perspectives

Four fair value estimates from the Simply Wall St Community span from about US$44.82 to over US$180,922.76 per share, underlining just how far apart individual views can be. When you set those extremes against the current focus on resilient international travel demand as a near term earnings catalyst, it becomes even more important to weigh how fragile that demand might be if macro or geopolitical conditions shift and to compare several viewpoints before forming your own.

Explore 4 other fair value estimates on MakeMyTrip - why the stock might be worth 47% less than the current price!

Build Your Own MakeMyTrip Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your MakeMyTrip research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
• Our free MakeMyTrip research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate MakeMyTrip's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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