MakeMyTrip (MMYT) Q1 2027: EPS Beats by 22% Despite Revenue Miss
As seen on the 24/7 Wall St. homepage on August 3, 2026.
MakeMyTrip crushed earnings estimates by 22% as a 10%+ Indian Rupee plunge masked something far stronger underneath: constant-currency gross bookings jumped 20% and bus tickets sold surged 24%, showing travel demand in India firing on all cylinders despite the reported revenue miss.
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MakeMyTrip reported Q1 2027 earnings per share of $0.53, clearing the consensus estimate of $0.435 by roughly 22%. The beat is especially notable given that revenue came in at $285.6 million, just shy of the $292.1 million analysts had expected — meaning the company squeezed more profit out of its operations than the top-line shortfall might suggest.
The revenue miss has a clear culprit: a decline of more than 10% in the Indian Rupee against the dollar weighed heavily on reported figures. Strip out that currency drag and the underlying business looked considerably stronger, with constant-currency gross bookings growing 20% and bus ticket volumes surging 24%. Those figures point to robust, broad-based travel demand across India rather than any fundamental softness in the core business.
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Looking at recent history, the Q1 2027 EPS of $0.53 is the highest reported figure in the last nine quarters tracked, edging past last quarter's $0.52. The pattern of beats and misses has been mixed — MMYT missed estimates in Q3 2025, Q2 2026, and Q4 2026 — making this quarter's decisive outperformance stand out. Currency movements will remain the key variable to watch in coming quarters as long as the Rupee stays under pressure.
Mentioned: MMYT