Thomas Cook (India) Limited
5,457words
6turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
63.83%
Rs. 82.8
Rs. 3.8
Rs. 20.7
12%
Rs. 81,396
10%
4%
6%
79%
9%
Guidance — 11 items
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“28 countries 5 continents 900+ touchpoints India’s leading Player in Prepaid Forex Card 16 Brands under TCIL portfolio FY25 - Revenue Breakup Rs.”
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“44,818 Mn for H1 FY26; growth of 3% y-o-y to Rs.”
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“1,096 Mn in Q2 FY25, despite the headwinds posed by multiple challenging global geopolitical events and severe weather events in India • The Group continues to maintain a strong financial position, with Cash & Bank balances at Rs.”
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“20,739 Mn 1,096 1,098 2,187 2,211 as of March 31, 2025 Q2FY25 Q2FY26 H1FY25 H1FY26 • Thomas Cook India is the only Indian company to have won two awards at the prestigious Adam Smith Awards Asia 2025 - for Best Risk Management Solution and Best Investing Solution – for strong Treasury management 6 Segmental Performance – Q2 & H1 FY26 Consolidated Particulars (Rs.”
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“Despite RBI’s LRS data reflecting a slowdown, particularly in the education segment – our forex business has managed to increase retail sales by 9% in H1 FY26.”
Services Offered
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“• Air travel Online and Offline 50% Key Highlights • Hotel Bookings • • Car Bookings Train Bookings Touchless transactions Q2 FY26 • Acquired 11 accounts in Q2 FY26 across configuration, real-time updates, credit sectors – IT, automobile, entertainment, Ed- limit management, invoicing and self- tech, pharmaceutical, financial services & E- service.”
Private Safaris
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“East Africa: Q2 FY26, was a strong operational period, with sales improving 12% y-o-y, supported by demand from key markets such as the USA and India.”
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“of Resorts: 69 22% Owned 38% Q2 FY26 Q2 FY26 78% Partnered 62% Total no.”
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“in Q2 ( 19%) 1.48 lakh Room Nights Sold in Q2 ( 19%) 75% Guest Ratio in Q2 FY26 vs 74% LY Rs.”
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“5,949 Avg Room Rate(ARR) Q2 FY26 ( 10%) *Growth as compared to Q2 FY25 27 Update on Operations: Leisure Hospitality & Resorts Stable H1 despite temporary headwinds; Growth Momentum in H2 Margin % (Rs mn) Segment revenue -2% 2,453 2,401 EBIT • 23rd consecutive profitable quarter 25.6% 24.1% -8% 629 • Core resort growth continues: 13% growth in resort revenue, with a 11% increase in REVPAR in Q2.”
Risks & concerns — 3 flagged
20,739 Mn 1,096 1,098 2,187 2,211 as of March 31, 2025 Q2FY25 Q2FY26 H1FY25 H1FY26 • Thomas Cook India is the only Indian company to have won two awards at the prestigious Adam Smith Awards Asia 2025 - for Best Risk Management Solution and Best Investing Solution – for strong Treasury management 6 Segmental Performance – Q2 & H1 FY26 Consolidated Particulars (Rs.
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Despite RBI’s LRS data reflecting a slowdown, particularly in the education segment – our forex business has managed to increase retail sales by 9% in H1 FY26.
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• Guest satisfaction: TripAdvisor rating up to 4.61 vs 4.57 LY • Growth momentum in H2: Reduced weather headwinds, 30% more Saya/auspicious dates, opening of jungles and impact of Q2 expansions expected to drive strong H2.
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Opening remarks
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28 countries 5 continents 900+ touchpoints India’s leading Player in Prepaid Forex Card 16 Brands under TCIL portfolio FY25 - Revenue Breakup Rs. 81,396 mn 10% 4% 6% 79% Financial Services^ Leisure Hospitality Travel & related Services Digital Imaging Solutions ^ Reported on net basis 3 Thomas Cook India Group at a Glance Travel & Related Services Southern Africa East Africa Financial Services Leisure Hospitality & Resorts Digital Imaging Solutions The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 4 This image will change Key Highlights Group Performance Financial Services Quarterly Highlights 5 5 Consolidated Financial Performance for Q2 & H1 FY26 Revenue from Operations (Rs mn) 9% • Thomas Cook (India) Limited reports Revenue from Operations growth of 9% 3% 41,097 44,818 y-o-y to Rs. 44,818 Mn for H1 FY26; growth of 3% y-o-y to Rs. 20,738 Mn for Q2 FY26. Despite headwinds owing to geopolitical events and weather 2
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Services Offered
• Air travel Online and Offline 50% Key Highlights • Hotel Bookings • • Car Bookings Train Bookings Touchless transactions Q2 FY26 • Acquired 11 accounts in Q2 FY26 across configuration, real-time updates, credit sectors – IT, automobile, entertainment, Ed- limit management, invoicing and self- tech, pharmaceutical, financial services & E- service. Additionally the tool includes a commerce self-service feature for employees of TCIL 4-5% • Client adoption of the corporate self- and SOTC Avg Gross Margin booking tool improved to 59% *Reported on net basis 22 Update on B2B Operations : Destination Management Specialists (DMS) Customer B2B Partners Segment revenue 5% (Rs mn) 7,931 7,359 572 Q2FY25 8,342 7,827 515 Q2FY26 India International 15 - 17% Avg Gross Margin • • • • • • Local Expertise India International Customized Itinerary Planning India, Nepal, Bhutan and Sri Lanka Vendor & Logistics Management Event & Activity Coordination Risk Management & Compliance Client Servicing Southeast
Overseas DMS
Asia Pacific – Asian Trails: Reported 18% y-o-y growth in sales, driven by strong contributions from key markets including Thailand, Indonesia, Malaysia, Vietnam, and Australia. Improved margins were achieved through cost optimization initiatives, particularly in Thailand USA – Allied T Pro: Q2 turnover growth was subdued however earnings remained strong supported by disciplined cost management and operational efficiencies. For USA, a normally strong quarter was affected by a shift in sentiment and weaker bookings, reflecting broader geopolitical uncertainty and resulting in muted inbound traffic. Middle East - Desert Adventures: Revenue declined during the quarter, which is typically a low season for the region, and was further impacted by geo-political developments. The business focused on maintaining competitiveness through strategic pricing initiatives, particularly in the FIT segment
Private Safaris
Southern Africa: The business achieved 38% y-o-y growth in sales in the quarter, driven by peak tourism season in South Africa and successful upselling within its tour series. East Africa: Q2 FY26, was a strong operational period, with sales improving 12% y-o-y, supported by demand from key markets such as the USA and India. DMS India Revenue Contribution (%) Q2 FY26 Operates in 6% India, Nepal, Bhutan and Sri Lanka International 94% Across continents Asian Trails 46% Cambodia, China, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Vietnam, Australia Desert Adventures 11% UAE, Oman, Jordan, Saudi Allied Tpro 32% U.S.A, Canada Private Safaris – Southern Africa Private Safaris – East Africa 6% 6% South Africa, Namibia East Africa: Kenya, Tanzania 24 Key Highlights Leisure Hospitality and Resorts (Sterling Holiday Resorts+ Nature Trails) 25 25 Leisure Hospitality & Resorts Eco-System Total no. of Resorts: 69 22% Owned 38% Q2 FY26 Q2 FY26 78% Partnered 62% Total no. of Rooms: 3,50