Travel Food Services Limited has announced its participation in a non-deal roadshow scheduled to take place in Hong Kong and Singapore from March 23-25, 2026. The company disclosed this information to the stock exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Roadshow Details

The company's management will engage with analysts and institutional investors during the three-day event. The roadshow will feature both one-to-one and group meetings, providing opportunities for direct interaction between the company's leadership and the investment community.

Regulatory Compliance

The announcement was made in compliance with Para A of Part A of Schedule III of the SEBI Listing Regulations. Travel Food Services Limited emphasized that all discussions during the roadshow will be based exclusively on publicly available information. The company has committed to ensuring that no unpublished price sensitive information will be disclosed during any of the scheduled meetings.

Important Considerations

The company has noted that the meeting schedule remains subject to change due to any exigencies on the part of investors, analysts, or the company itself. This flexibility allows for adjustments based on participant availability and other unforeseen circumstances that may arise.

Corporate Information

The disclosure was signed by Neeta Arvind Singh, Company Secretary and Compliance Officer of Travel Food Services Limited. The company, formerly known as Travel Food Services Private Limited, maintains its registered office at Block-A, South Wing, 1st Floor, Shiv Sagar Estate, Dr. Annie Besant Road, Worli, Mumbai. Additional information about the roadshow has been made available on the company's website at www.travelfoodservices.com .

Travel Food Services delivered exceptional financial performance in Q3 FY26, demonstrating the resilience and strength of its travel F&B business model despite temporary market disruptions. The company achieved robust growth across key metrics while successfully expanding its operational footprint and enhancing its market leadership position.

Strong Financial Performance Drives Growth

The company reported impressive financial results for Q3 FY26, with system-wide sales reaching INR8.75 billion, representing a substantial 28.1% year-on-year increase. This growth was primarily driven by the successful mobilization of more than 50 units over the past 12 months, showcasing the company's execution capabilities in scaling operations.

Consolidated sales reached INR4.56 billion, marking an 18.3% year-on-year growth, while the company maintained strong profitability with gross profit margins expanding to 83.9% compared to 82.1% in the same period last year. The margin expansion was supported by efficient procurement practices, lower cost inflation, and value unlock from the lounge aggregation business.

Operational Resilience During Market Challenges

The third quarter presented both opportunities and challenges for the travel industry. While Q3 is traditionally the strongest seasonal period driven by festive and holiday travel demand, the quarter experienced temporary disruptions in December due to FDTL (Flight Duty Time Limitations) regulations affecting the country's largest airline.

Despite these challenges, passenger traffic at TFS-operated airports increased by 1.6% year-on-year in Q3, showing improvement compared to the nearly 1% year-on-year decline seen in Q2. The company's centralized operations framework and master-concession structure across airports proved highly effective during the disruption period.

Key Operational Highlights:

• Real-time monitoring of flight cancellations and delays
• Dynamic stock planning and manpower redeployment
• Uninterrupted food service to affected passengers
• Maintained service continuity despite operational complexity

Strategic Expansion and Brand Portfolio Growth

The company continued its aggressive expansion strategy, growing its system-wide footprint to over 530 travel QSR outlets and lounges with the addition of approximately 30 units during the quarter. This expansion strengthens the company's market leadership position in the travel F&B segment across 19 airports.

The brand portfolio expanded to 140 brands with 15 new additions over the past year, including premium celebrity-led brands such as Gordon Ramsay Street Burger and Street Pizza launched at Delhi and Mumbai airports, and internationally acclaimed brands like Nando's. These additions enhance both the depth and premium positioning of the company's offerings.

Technology Integration and Revenue Optimization

The company continued leveraging technology through its EATS platform, enabling direct bank-to-lounge access as an integrated service. This technological advancement represents an important step in the company's evolution toward becoming a tech-enabled, scalable travel hospitality company.

Revenue optimization initiatives included innovative customer-centric offerings such as premium sleeping pods at Bengaluru International Airport lounge, signature filter coffee, and automated cocktail dispensers. These initiatives drive higher passenger engagement and spend per passenger while reinforcing the company's position as a premium travel QSR player.

International Growth and Future Pipeline

The company's international expansion strategy showed positive momentum with the opening of a second Kyra Lounge at Hong Kong International Airport, marking continued global expansion. The company maintains an active presence in Malaysia and Hong Kong, demonstrating its ability to successfully enter and operate in competitive international markets.

Upcoming Developments:

• New outlets at greenfield terminals at Noida Airport
• JV operations at Guwahati Airport
• Contract to operate 33 travel QSR units at Delhi Airport Terminal 1 for 11 years
• Continued focus on Asia-Pacific and Middle East market opportunities

Nine-Month Performance and Financial Position

For the nine-month period, system-wide sales reached INR23.2 billion, registering 24.5% year-on-year growth with like-for-like sales growth of 12.2% and net contract gains of 10.2%. Consolidated PAT increased by 24% year-on-year on an adjusted basis during the first nine months.

The company maintains a robust balance sheet with zero debt and a cash balance of nearly INR8 billion, providing strong financial flexibility to pursue new growth opportunities and continue its expansion strategy across both domestic and international markets.