Quarterly revenue falls short as travel disruptions weigh on growth MakeMyTrip Limited (NASDAQ:MMYT) reported mixed fourth-quarter fiscal 2026 results on Tuesday, with earnings surpassing analyst expectations while revenue came in below forecasts.
Shares of the online travel platform dropped 6.2% in premarket trading following the release
The company posted adjusted earnings of $0.32 per share, ahead of analyst estimates of $0.28 per share. Revenue totaled $250.1 million, missing the consensus estimate of $281.0 million. Revenue increased 1.9% year-on-year, or 6.7% on a constant currency basis.
Pilgrimage festival and regional conflict impacted demand MakeMyTrip said quarterly growth was affected by the Maha Kumbh Mela pilgrimage festival held in February 2025, as well as the ongoing conflict in West Asia, both of which weighed on travel demand during February and March 2026. The company noted that January 2026 delivered strong year-on-year growth before those factors negatively impacted overall quarterly performance. Adjusted operating profit increased to $46.5 million from $44.7 million in the same quarter last year.