Travel Food Services
Q2 consolidated sales rose 19.5% to ₹430 Cr, but reported PAT (+50.5%) includes a ₹46.8 Cr provision write-back. Underlying PAT grew only 2.7%, with traffic down 4.8%.
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Every Travel Food Services earnings call we streamed: the live audio and our summary of what management said.
Q2 consolidated sales rose 19.5% to ₹430 Cr, but reported PAT (+50.5%) includes a ₹46.8 Cr provision write-back. Underlying PAT grew only 2.7%, with traffic down 4.8%.
Q2 consolidated sales rose 19.5% to ₹430 Cr, but reported PAT (+50.5%) includes a ₹46.8 Cr provision write-back. Underlying PAT grew only 2.7%, with traffic down 4.8%.
Expects 50 more outlets over the next 3-4 quarters; ₹1,030 Cr cash, debt-free. No numeric growth guidance given.
TFS delivered 35.6% PAT growth despite flat passenger traffic from Middle East conflicts. High expansion costs at new airports currently drag EBITDA margins.
TFS delivered resilient FY26 results despite aviation disruptions, expanding to 20 airports and 550+ outlets. Strategy focuses on premiumization, international lounge expansion (Hong Kong, Malaysia), and the tech-enabled EATS platform.
Travel Food Services delivered a strong Q3 FY26 with 28% system-wide sales growth, leveraging holiday demand and aggressive unit mobilization despite temporary airline-related disruptions in December.
Travel Food Services (TFS) delivered strong FY26 results with system-wide sales of ₹32,144Mn and 21.5% adjusted PAT growth. Strategic expansion into greenfield airports like Noida and Navi Mumbai continues.
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.