<div id="readability-page-1"><div><ul> <li>In May 2026, MakeMyTrip Limited reported fourth-quarter and full-year results showing year-on-year revenue growth to US$250.12 million and US$1.04 billion respectively, alongside lower net income, while also completing a long-running US$127.56 million share repurchase program covering 4.03% of its shares.</li> <li>An interesting twist is that despite the earnings pressure partly linked to West Asia-related travel disruptions, MakeMyTrip continued buying back shares, signaling management’s willingness to return capital even as near-term profitability softened.</li> <li>We’ll now examine how the earnings slowdown, partly tied to West Asia headwinds, affects MakeMyTrip’s previously optimistic investment narrative.</li> </ul><p>Uncover the next big thing with 23 elite penny stocks that balance risk and reward.</p><h2>MakeMyTrip Investment Narrative Recap</h2><p>To own MakeMyTrip, you need to be comfortable with a travel platform that is still heavily tied to India and exposed to regional and geopolitical shocks, while carrying high expectations in its valuation. The latest results show revenue growth to US$250.12 million in Q4 and US$1.04 billion for the year but with weaker net income, so the key near term catalyst of earnings improvement is under pressure, and geopolitical disruptions remain the most immediate risk.</p> <p>The company’s completion of a US$127.56 million buyback covering 4.03% of shares is the most relevant recent announcement here, because it sits alongside softer profitability and heightened West Asia headwinds. While this repurchase does not change the operating challenges or travel demand risks, it does affect per share metrics and may influence how you think about potential earnings recovery as conditions stabilize.</p> <p>Yet even with revenue growing, the combination of weaker net income, travel shocks and a still premium valuation is something investors should be very aware of...</p> <p>Read the full narrative on MakeMyTrip (it's free!)</p><p>MakeMyTrip's narrative projects $1.7 billion revenue and $277.9 million earnings by 2029. This requires 17.9% yearly revenue growth and an earnings increase of about $226 million from $51.8 million today.</p><p>Uncover how MakeMyTrip's forecasts yield a $71.90 fair value, a 54% upside to its current price.</p><h2>Exploring Other Perspectives</h2><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/04965fa8-0e48-4f6d-b994-aca16de29f0a/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/04965fa8-0e48-4f6d-b994-aca16de29f0a/chart/quote-price"/><figcaption>MMYT 1-Year Stock Price Chart</figcaption></figure> <p>The most cautious analysts were already baking in about US$1.8 billion of revenue and US$178 million of earnings by 2029, yet treat tech spending and AI driven cost pressures as reasons margins might stay tight, which shows how sharply your view can differ from theirs once you factor in this new earnings wobble and geopolitical hit.</p><p>Explore 3 other fair value estimates on MakeMyTrip - why the stock might be worth as much as 54% more than the current price!</p><h2>Decide For Yourself</h2><p>Don't just follow the ticker - dig into the data and build a conviction that's truly your own.</p><ul><li>A great starting point for your MakeMyTrip research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.</li><li>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.</li></ul><h2>Ready For A Different Approach?</h2><p>Opportunities like this don't last. These are today's most promising picks. Check them out now:</p><ul><li>This technology could replace computers: discover 29 stocks that are working to make quantum computing a reality.</li><li>The latest GPUs need a type of rare earth metal called Neodymium and there are only 31 companies in the world exploring or producing it. Find the list for free.</li><li>The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 12 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>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.</strong> 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.</em></p><div><h3><strong>New: </strong>Manage All Your Stock Portfolios in One Place</h3><p>We've created the <strong>ultimate portfolio companion</strong> for stock investors, <strong>and it's free.</strong></p><p>• Connect an unlimited number of Portfolios and see your total in one currency<br/>• Be alerted to new Warning Signs or Risks via email or mobile<br/>• Track the Fair Value of your stocks<br/></p><p>Try a Demo Portfolio for Free</p></div></div></div>

MMYT

<p>MakeMyTrip (MMYT) shares rose 9.3% after the company completed a $127.56 million share repurchase program, covering 4.03% of its stock. Despite reporting Q4 revenue growth to $250.12 million and full-year revenue of $1.04 billion, net income declined due to earnings pressure from West Asia travel disruptions. Management continued buybacks to return capital even as near-term profitability softened, signaling confidence despite geopolitical headwinds.</p>

Simplywall

MakeMyTrip (MMYT) Is Up 9.3% After Buybacks Continue Despite Earnings Pressure From West Asia Disruptions