| Margins | Forex EBIT margins at 45.3%; Sterling EBITDA margin at 37%. |
|---|---|
| Order book | Robust MICE pipeline for H2; added 7 new corporate accounts. |
| Demand visibility | Strong domestic and short-haul demand; long-haul recovering in July/August. |
| Management confidence | High for India core business; cautious on Middle East recovery. |
Growth
Consolidated income declined 12% YoY to INR 21,530 million; PBT fell 21% YoY to INR 885 million. Sterling Holidays revenue grew 21% YoY.
Outlook
Management targeting 20% ROE long-term; Travel segment EBIT margins internally guided at 4-5% range for upcoming periods.
Risks
Geopolitical conflict in West Asia impacted Desert Adventures (revenue down 89%) and DEI (EBIT loss of INR 152 million).
Last quarter's promises, checked
Delivered
- H2 performance to be stronger than H1 → delivered (H2 revenues outperformed H1 by 21% or more = BEAT)
- Short-haul/Domestic growth → delivered (Short-haul bookings up 21% in Q4 = BEAT)
- Maintain Sterling EBITDA margins 32%-35% → delivered (37% in current call = BEAT)
Partly delivered
- Target 5% Travel EBIT margin → delivered 4-5% range internal guidance (= PARTIAL)
Missed
- 50%-60% Middle East recovery → delivered 89% decline in Desert Adventures (= MISS)
- DEI EBIT recovery to positive → delivered INR 152 million loss (= MISS)
- Consolidated income growth → delivered 12% YoY decline (= MISS)
Investor Presentation filed with BSE, NSE: THOMASCOOK. Summary written with AI assistance from the document.
Thomas Cook (India) Ltd: key numbers
- Share price
- ₹103.47
- Market cap
- ₹4,868 Cr
- Revenue (annual)
- ₹8,398 Cr
- Net profit (annual)
- ₹218.8 Cr
- P/E (TTM)
- 22.3×Sector 37.2×
- Promoter holding
- 64.77%+0.94% QoQ
- FII holding
- 6.18%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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