Travel Food Services

Travel Food Services Limited reported strong quarterly results with system-wide sales growing 18.4% year-over-year in Q2FY26 and 22.4% in H1FY26. Consolidated PAT increased 15.3% to Rs. 979 million in Q2FY26 and 17.2% to Rs. 1,929 million in H1FY26 on an adjusted basis. The company now operates 500 Travel QSR outlets and lounges system-wide as of September 30, 2025. Like-for-like sales growth of 9.2% in Q2FY26 was achieved despite passenger traffic declining marginally by 1% due to reduced flight schedules following additional maintenance and safety procedures after an aircraft accident in Ahmedabad. The company won new FRB concessions at Cochin Airport domestic terminal and Delhi IGI Airport Terminal 2. Travel Food Services maintains a debt-free position with cash balance of Rs. 7,490 million. The company expanded its brand portfolio to 135 brands and operates 464 Travel QSR outlets and 37 lounges across domestic and international airports. Managing Director Varun Kapur noted the company crossed the 500-outlet milestone and successfully enabled a new technology platform for direct integration with banks and card networks for lounge access.

Travel Food Services reported Q2 consolidated net profit of 957.7 million rupees, down from 1.07 billion rupees in the same period last year. Revenue fell to 3.56 billion rupees from 5 billion rupees year-over-year. EBITDA decreased to 1.35 billion rupees from 1.6 billion rupees. However, EBITDA margin improved to 37.99% compared to 31.96% in the previous year.

TFS Gurgaon Airport Services Private Limited, a wholly-owned subsidiary of Travel Food Services Limited, has entered into a License Agreement with Delhi International Airport Limited. The agreement, dated October 3rd, 2025, grants TFS Gurgaon the rights to design, develop, set up, operate, manage and maintain 14 Food & Beverage outlets at Terminal 2 of Indira Gandhi International Airport, New Delhi. The license has been granted for a term of 3 years and includes payment of license fees, minimum guarantee amount and other related charges as per the agreement terms. This is a domestic contract with no related party transactions or promoter group interests involved.