| Revenue growth | Consolidated income -5% YoY; travel -7%; India recovering, international weak. |
|---|---|
| Margins | PBT margin 4.2% vs 4.0%; travel margin 2.4% to 2.9% sequentially. |
| Demand visibility | Forward bookings +30% value YoY; India leads, Middle East lags. |
| Management confidence | Optimistic framing; 'cautious optimism'; hedged on geopolitical shocks. |
Growth
Income -5% YoY; travel -7%; Financial Services revenue +21%. Sterling EBITDA +4-5% reported, ~19-20% ex-GST (mgmt-adjusted).
Outlook
Forward bookings +30% value YoY for OND quarter; Desert Adventures expects 50% recovery in current quarter.
Risks
Desert Adventures sales -67% on Middle East conflict; US inbound -22%; China visa cancellations; Sterling margin hit by GST credit rule.
Last quarter's promises, checked
Delivered
- Guided Sterling debt-free, cash >₹370 Cr → net cash ~₹380 Cr, still debt-free (= BEAT)
Partly delivered
- Guided Desert Adventures 30-35% recovery (July) → Q2 sales -67% YoY (= PARTIAL, monthly vs quarterly)
Missed
- Guided travel EBIT margin 4-5% → Q2 margin 2.9% (= MISS)
- Guided double-digit FY27 earnings growth (earlier call, not reaffirmed Aug 4) → Q2 PBT flat YoY at ₹84.8 Cr (= MISS)
Earnings Call Transcript filed with BSE, NSE: THOMASCOOK. Summary written with AI assistance from the document.
Thomas Cook (India) Ltd: key numbers
- Share price
- ₹90.00
- Market cap
- ₹4,234 Cr
- Revenue (annual)
- ₹8,398 Cr
- Net profit (annual)
- ₹218.8 Cr
- P/E (TTM)
- 20.8×Sector 34.6×
- Promoter holding
- 64.77%+0.00% QoQ
- FII holding
- 5.80%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Thomas Cook (India) Ltd
All →Thomas Cook (India) Capacity Expansion
Thomas Cook India has launched its first travel outlet in Gorakhpur, Uttar Pradesh. This expansion increases the company's network to 12 locations across the state.
- new outlets
- 1.0 outlet
Thomas Cook (India) Investor Presentation: Key Takeaways
Q2 FY27 revenue from operations ₹19,442mn (-6% YoY), PBT before exceptionals ₹848mn (+1%), PAT ₹536mn (-24%). Financial Services and Leisure grew; Travel and DEI fell. Sterling demerger in progress.
Thomas Cook (India) Results Update
Thomas Cook (India) reported Q2 FY27 PBT of Rs 848 Mn, flat year-on-year. Financial Services revenue rose 21%, while India leisure forward bookings are up 30%.
Thomas Cook (India) Q2 FY27 Results: Net Profit ₹53.7 Cr, Down 24.2% YoY
Thomas Cook (India) Ltd reported revenue from operations of ₹1,944 Cr (-6.2% YoY) and net profit of ₹53.7 Cr (-24.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹53.7 Cr · -24.2% YoY
Thomas Cook (India) Business Update
Thomas Cook India and SOTC Travel launched a year-end holiday portfolio spanning multiple destinations worldwide. The marketing release highlights curated group tours and customised New Year experiences.
Thomas Cook (India) Credit Rating
CRISIL reaffirmed Thomas Cook India's long-term rating at AA/Stable and short-term at A1+, covering Rs.433 Crore of bank facilities. The corporate credit rating was withdrawn at the company's request.