MakeMyTrip (MMYT) Q2 2026 earnings — TrendMatrix coverage

Reported 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.

MakeMyTrip (MMYT) beat the $0.43 estimate with diluted 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.

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 +2.7% four-quarter average. Next scheduled report: 2026-10-27.

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.

Current price

$55.34

Price target

$65.60

Stop

$53.47

Upside to target

+18.5%

Reward-to-risk

2.5:1

Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.

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

$5.37B

P/E (fwd)

23.0

P/E (ttm)

248.4

52-week range

$32.67–$103.24

Off 52-week high

46.4%

RSI (14)

33

Volume vs avg

0.67×

Score today

5.2/10