MakeMyTrip's stock plummeted 5.03% during intraday trading on Tuesday, following the release of its fiscal fourth-quarter earnings report which showed a decline in profitability.

The online travel company reported adjusted earnings per share of $0.32 for the quarter, missing the analyst consensus estimate of $0.34. This represents a 23.81% decrease from the $0.42 per share earned in the same period last year. While quarterly sales of $281.745 million slightly exceeded expectations, the significant earnings miss and a 16.8% year-over-year decline in quarterly profit to $24.32 million weighed heavily on investor sentiment.

For the full fiscal year 2026, the company's profit dropped sharply by 45.8% to $51.67 million, despite a 6.7% increase in annual revenue. The earnings disappointment contributed to broader weakness in consumer discretionary stocks during the session.