MakeMyTrip (MMYT)

• Market cap: $10.8B
• 1 day: -1.69%
• 5 days: -1.48%
• 1 month: -7.38%
• 3 months: 6.86%
• 6 months: -15.75%
• Year to date: -15.06%
• 1 year: 27.81%
• 5 years: 476.30%
• 10 years: 415.78%
• Sector: Consumer Discretionary
• Industry: Travel Services

About: MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.

Employees: 4,576

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

130% more call options, than puts

Call options by funds: $34.3M | Put options by funds: $14.9M

38.69% more ownership

Funds ownership: 77.38% [Q4 2024] → 116.08% (+38.69%) [Q1 2025]

6% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 48

1% less funds holding

Funds holding: 276 [Q4 2024] → 273 (-3) [Q1 2025]

8% less funds holding in top 10

Funds holding in top 10: 13 [Q4 2024] → 12 (-1) [Q1 2025]

12% less repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 103

15% less capital invested

Capital invested by funds: $6.09B [Q4 2024] → $5.17B (-$923M) [Q1 2025]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $125 27% upside
• Avg. target: $125 27% upside
• High target: $125 27% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Citigroup Vijit Jain

27% upside $125

Buy Maintained

15 May 2025