company MMYT - SteadyBase

steadybase-$ company MMYT

account_id none on file

legal_name MakeMyTrip Ltd

ticker MMYT

cik 1495153

domain makemytrip.com

linkedin_company_url https://www.linkedin.com/company/makemytrip.com

entry_point_account_id none on file

name MakeMyTrip Limited

exchange Nasdaq

sector Consumer Discretionary

hq Gurgaon, India

irhttps://investors.makemytrip.com/

sector index/company/sector/consumer-discretionary/

calls 40 filings 11 executives 19 family 0

why_nownone on file

calls

Looking ahead, Higher oil prices and weakening of rupee remain important variables to keep overall travel inflation in control. We remain cautious about the near-term environment while staying positive about structural drivers for long-term growth in the sector. We will continue to navigate the near-term challenging environment by tapping into growth opportunities in our non-air ticketing segments while calibrating our marketing investments in line with market conditions.

Aug 3, 2026 / receipt, needs a key / Rajesh Magow, CEO | earnings call 2026-08-03 | transcript 5460eea3-c65f-4358-9e00-b974b985eca8 | chars 7377-7853 | segment 7

In that context, I want to understand what's happening on the ground from a domestic air supply easing. And again, government has passed a bit of higher fuel prices to consumers. So are we seeing impact on overall travel consumption spend?

Aug 3, 2026 / receipt, needs a key / Sachin Salgankar, analyst | earnings call 2026-08-03 | transcript 5460eea3-c65f-4358-9e00-b974b985eca8 | chars 23304-23543 | segment 23

This was a quarter in which External events continue to influence where and how customers travel. The quarter began with the continuing impact of the West Asia conflict. In the initial phase, the impact was broad-based, flight operations were disrupted, and customers became more cautious about international travel, particularly on westbound routes. As flight operations gradually resumed, the nature of the challenge also evolved. Higher fuel cost and ATF prices translated into elevated airfares, affecting westbound international travel as well as price-sensitive domestic air demand to an extent. Higher ATF cost also affected the profitability of airlines, leading to short-term capacity cuts. However, as we moved into the peak summer holiday period, we saw seasonality began to support the underlying resilient travel intent for leisure travel, whereas Essential travel and business travel largely continued as uninterrupted except for long-haul westbound business travel. International leisure travel saw some shift from westbound to east and far east destinations and domestic leisure travel was a combination of popular leisure destinations and nearby short-distance getaways by road.

Aug 3, 2026 / receipt, needs a key / Rajesh Magow, CEO | earnings call 2026-08-03 | transcript 5460eea3-c65f-4358-9e00-b974b985eca8 | chars 1965-3160 | segment 2

We continue to curate pilgrimage plus leisure itineraries, short duration holidays and drive down breaks These formats are increasingly becoming popular for customers looking for convenient, affordable and experience-led travel closer to home.

Aug 3, 2026 / receipt, needs a key / Rajesh Magow, CEO | earnings call 2026-08-03 | transcript 5460eea3-c65f-4358-9e00-b974b985eca8 | chars 3956-4199 | segment 4

Now, when it comes to the international, you know, air travel, if that was the other part of your question, we kind of work equally well, you know, across airlines, whether it is domestic airlines or whether it is international airlines. Two things which are impacting over there, you know, one, like Rajesh had called out in his part of the earnings script that, you know, initially there was a significant impact coming in from You know, the availability of flights or kind of, you know, the flight scheduling. And secondly, due to the significant increase in crude oil pricing situation overall, the prices or fares in this sector, the international sectors have gone up very significantly. Both of these are kind of, you know, impacting.

Aug 3, 2026 / receipt, needs a key / Mohit, CFO | earnings call 2026-08-03 | transcript 5460eea3-c65f-4358-9e00-b974b985eca8 | chars 42785-43526 | segment 42

The second Not specific to this conflict, but post-COVID, the significant sort of new segment that has emerged, even more specifically focusing specifically from Gen Z cohorts, is the traveling in group and the use case could be celebration use case, whether it is birthday or any festival celebration, just getting together and traveling. and the choice of the accommodation will be more homestays than hotel for that particular specific use case.

Aug 3, 2026 / receipt, needs a key / Rajesh, other | earnings call 2026-08-03 | transcript 5460eea3-c65f-4358-9e00-b974b985eca8 | chars 49908-50356 | segment 49

Before we take you all through the quarter details, I would like to step back a bit and remind everyone about some fundamental structural changes that have emerged post-COVID that has been shaping the travel market in India.

May 19, 2026 / receipt, needs a key / Rajesh Mago, CEO | earnings call 2026-05-19 | transcript 8fd518ac-2d36-4f99-b5a3-12cdede12750 | chars 1745-1969 | segment 1

On the first one, you're right, Sachin, in view of the current volatility in the travel demand, I think we kind of want to continue to remain in the 1.8 to 2% kind of margin guidance. And it will be good to kind of remain there because I think we'll need a little more stability in the travel environment before we kind of revisit this guidance. So you're kind of absolutely right on that. And secondly, yes, on the potential India listing. Like I've said, India does not offer dual listing, right? And therefore, in a manner of sorts, the currently listed entity of Mauritius will also remain on the US forces while we kind of take India entity to India capital markets.

May 19, 2026 / receipt, needs a key / Rajesh, CEO | earnings call 2026-05-19 | transcript 8fd518ac-2d36-4f99-b5a3-12cdede12750 | chars 47596-48267 | segment 47

Encouraged by structural changes in the market and consumer behavior to spend more on travel, We remain confident of revenue growth in the 20s during normal periods and when external headwinds arise, we rely on the strength and resilience of our platform, which offers multiple travel services, serves diverse demand segments to still deliver healthy growth compared to the industry.

May 19, 2026 / receipt, needs a key / Rajesh Mago, CEO | earnings call 2026-05-19 | transcript 8fd518ac-2d36-4f99-b5a3-12cdede12750 | chars 7912-8295 | segment 7

Just as COVID offered us a silver lining in terms of utilizing the team to invest in new platforms to tap into corporate and small travel agent demand, we are now investing in an AI-first approach to build AI-enabled platforms for the future. This will span across our investments in product innovation, personalization, supply partnerships, service reliability, and building platform-native revenue streams to drive traffic monetization.

May 19, 2026 / receipt, needs a key / Mohit, CEO | earnings call 2026-05-19 | transcript 8fd518ac-2d36-4f99-b5a3-12cdede12750 | chars 23838-24276 | segment 23

But I think that is the advantage of, you know, being present across kind of, you know, travel options as well as transport options that we can dial up one versus the other based on prevailing conditions.

May 19, 2026 / receipt, needs a key / Rajesh, CEO | earnings call 2026-05-19 | transcript 8fd518ac-2d36-4f99-b5a3-12cdede12750 | chars 51776-51980 | segment 51

Second, Travel has shifted from occasion to habit. Our data shows booking frequency per user is rising year on year. Indians are no longer saving up for one big annual holiday. They are taking multiple trips a year. Three to six trips a year across leisure, religious, and extended weekend categories is becoming the new normal for India's connected earning class.

May 19, 2026 / receipt, needs a key / Rajesh Mago, CEO | earnings call 2026-05-19 | transcript 8fd518ac-2d36-4f99-b5a3-12cdede12750 | chars 3331-3695 | segment 3

filings

Deep Kalra | 57 | Director, Group Chairman and Chief Mentor