MakeMyTrip CEO Highlights Surge in Travel Demand as Q4 Earnings Exceed Expectations
Portfolio Pulse from Anusuya Lahiri
MakeMyTrip Limited (NASDAQ:MMYT) reported strong fiscal Q4 2024 earnings, with adjusted revenue and EPS exceeding analyst expectations. The company saw significant growth across its business segments, driven by elevated travel demand in India. The stock has gained 194% over the last 12 months. Investors can also gain exposure through ETFs like INQQ and AWAY.
May 15, 2024 | 2:34 pm
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POSITIVE IMPACT
Investors can gain exposure to MakeMyTrip's strong performance through the Amplify ETF Trust Amplify Travel Tech ETF (AWAY).
AWAY holds MMYT, and the strong performance of MMYT is likely to positively impact AWAY in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to MakeMyTrip's strong performance through the Exchange Traded Concepts Trust India Internet & Ecommerce ETF (INQQ).
INQQ holds MMYT, and the strong performance of MMYT is likely to positively impact INQQ in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
MakeMyTrip reported strong Q4 earnings with adjusted revenue of $212.53 million and EPS of $0.38, both beating analyst expectations. The company saw significant growth in all business segments due to high travel demand in India.
The strong earnings report and significant growth in all business segments are likely to positively impact MMYT's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100