MakeMyTrip (MMYT · NASDAQ)

BLT (Business Services, Leisure, Travel)TechnologyNASDAQROWMid-cap

India's Online Travel Booking Giant

MakeMyTrip dominates India's booming online travel market. Leading digital transformation across flights, hotels, and holiday packages as travel demand surges post-pandemic.

MakeMyTrip Ltd

MMYT: NASDAQ

45.34 USD

-44.61%

year to date

Source: Finnhub

Market Cap$4.26B

Avg Volume874.42K

Price$45.34+2.35%

P/E Ratio121.73ttm

Pricing delayed 20 minutes Oct 22, 2026, 8:00 PM

Bull case for MakeMyTrip

Digital Leadership
Dominant market position captures India's 10.6% CAGR travel digitization wave through 2030.
Profit Expansion
Operating leverage drives margins higher while revenue growth accelerates in the coming quarters.
International Growth
65%+ hotel revenue growth internationally unlocks massive addressable market expansion.

Bear case for MakeMyTrip

Competitive Pressure
Pricing wars with global OTAs and direct booking trends erode market share and margins.
Economic Sensitivity
Discretionary travel spending is vulnerable to inflation, recession, or geopolitical disruptions affecting demand.
Regulatory Risk
India's changing digital commerce rules could impose compliance costs or operational restrictions.