stockrowMakeMyTrip Limited
MMYT Consumer Cyclical Travel Services
MakeMyTrip Limited’s revenue for fiscal 2026 (year ended March 2026) was $1.0 billion, up 6.71% from fiscal 2025.
- Revenue
- +2.54%
- EPS
- +130.5%
- Free cash flow
- +3.81%
- Total debt
- +5.58%
Quarter to September 2026, against a year earlier
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MakeMyTrip Limited (MMYT) Gross margin
MakeMyTrip Limited's gross margin over the twelve months to 30 September 2026 was 77.3%, up 0.3 percentage points from fiscal 2026 (76.9%). Over the past ten years it has ranged from 46.4% (fiscal 2015) to 86.4% (fiscal 2021); the current reading is higher than 83% of that period. That is above the Travel Services industry median of 52.2% and above the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 76.9% | 2.13 |
| FY2025 | 74.8% | 1.68 |
| FY2024 | 73.1% | 3.06 |
| FY2023 | 70.1% | (10.61) |
| FY2022 | 80.7% | (5.68) |
| FY2021 | 86.4% | 16.52 |
| FY2020 | 69.8% | 5.51 |
| FY2019 | 64.3% | (9.63) |
| FY2018 | 74.0% | 12.80 |
| FY2017 | 61.2% | 10.85 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 82.6% | 8.02 |
| Jun 2026 | 74.6% | (5.07) |
| Mar 2026 | 79.6% | 5.95 |
| Dec 2025 | 73.7% | (6.78) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| PRSU Pursuit Attractions and Hospitality, Inc. compare | 92.5% |
| EXPE Expedia Group, Inc. compare | 90.5% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 80.1% |
| MMYT MakeMyTrip Limited | 77.3% |
| LIND Lindblad Expeditions compare | 47.1% |
| TNL Travel + Leisure Co. compare | 45.1% |
| VIK Viking Holdings Ltd. compare | 43.2% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 41.4% |
| TRIP TripAdvisor, Inc. compare | 0.00% |
| Travel Services industry median | 52.2% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on MMYT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement