MakeMyTrip: Sales Growth Remains Impressive, But Watching Customer Inducement Costs [Seeking Alpha]
MakeMyTrip Limited - Ordinary Shares (MMYT)
Last makemytrip limited - ordinary shares earnings: 2/11 06:25 am
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US:NASDAQ Investor Relations:
investors.makemytrip.com
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Source: Seeking Alpha
Q3 2024 earnings showed impressive revenue growth and a rise in overall revenue on a year-on-year basis. Gross bookings are up, and liquidity remains strong, but the rising P/E ratio indicates that price is outpacing earnings growth. I will be monitoring customer inducement growth across the Hotels and Packages segment more closely heading into the next quarter. Investment Thesis I take the view that MakeMyTrip Limited has potential upside to $77 based on continued sales growth, but will be monitoring growth in customer inducement costs across the Hotels and Packages segment. In a previous article back in November 2023, I made the argument that MakeMyTrip Limited ( NASDAQ: MMYT ) has the potential for further upside given continued growth in gross bookings. Since then, the stock has ascended to a price of $58.23 at the time of writing: The purpose of this article is to elaborate on why I see potential upside to $77 for MakeMyTrip based on vibrant sales growth and also d
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MMYT
News
- Artisan Developing World Fund Q1 2024 Commentary [Seeking Alpha]Seeking Alpha
- MakeMyTrip: Favorable Growth Outlook With Profitability Improvement Potential [Seeking Alpha]Seeking Alpha
- MakeMyTrip (MMYT) Stock Moves -0.52%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Best Momentum Stocks to Buy for April 11th [Yahoo! Finance]Yahoo! Finance
- MakeMyTrip (NASDAQ:MMYT) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]Yahoo! Finance
MMYT
Earnings
- 1/24/24 - Beat
MMYT
Sec Filings
- 3/1/24 - Form 144
- 2/16/24 - Form 144
- 2/16/24 - Form 144
- MMYT's page on the SEC website