Travel Food Services

The Central Bureau of Investigation has filed an FIR alleging irregularities in the 2012-2013 tender processes for food and beverage contracts at Chennai and Kolkata airports, naming two former subsidiaries of Travel Food Services Limited that merged with the company in September 2024. The investigation involves certain entities and government officials regarding the master concessionaire contracts for these airports.

Travel Food Services achieved system-wide sales of INR 7.3 billion with 18.4% year-on-year growth and consolidated PAT of INR 979 million (15.3% growth) in Q2 FY26, despite a 3.5% decline in passenger traffic at consolidated airports due to India-Pakistan conflict and reduced flight schedules. The company expanded to over 500 outlets and lounges system-wide, secured new contracts at Cochin International Airport and Delhi Terminal 2, and expects performance to benefit from recovering passenger traffic trends in the seasonally stronger second half.

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.