Thomas Cook India has released its Q3 consolidated financial results, presenting a mixed performance picture with improved operational profitability offset by exceptional items. The travel and tourism services company showed strong growth in profit before exceptional items while facing margin compression in EBITDA performance.

Financial Performance Overview

The company's Q3 consolidated results demonstrate improved operational performance in certain metrics, with profit before exceptional items showing substantial year-over-year growth, though EBITDA performance showed a slight decline during the quarter.

EBITDA Performance Under Pressure

Thomas Cook India's EBITDA declined to ₹1.14 billion in Q3 compared to ₹1.16 billion in the corresponding quarter last year, representing a decrease of 1.72%. The EBITDA margin compressed to 5.33% from 5.61% year-over-year, indicating pressure on operational efficiency despite revenue growth.

Strong Operational Performance

Despite EBITDA challenges, the company's profit before exceptional items surged to ₹897.00 million in Q3 compared to ₹749.00 million in the corresponding quarter last year, marking robust growth of 19.76%. This improvement indicates stronger underlying business performance in core operations.

Exceptional Items Impact Results

The company reported an exceptional item of ₹300.00 million during the quarter, which significantly impacted the overall financial performance. This exceptional charge affected the translation of improved operational performance to bottom-line results, contributing to the net profit decline.

Revenue Growth Momentum

The company maintained positive revenue trajectory, with total revenue reaching ₹21.50 billion in Q3 compared to ₹20.61 billion in the previous year's corresponding quarter. This growth of 4.32% reflects the company's continued ability to expand market presence in the recovering travel sector, though margin pressures remain a concern.

Thomas Cook India and SOTC Travel have officially signed a Memorandum of Understanding with Cinnamon Life at City of Dreams Sri Lanka, marking a significant milestone in the company's regional expansion strategy. The partnership was formalized through a strategic MOU aimed at unlocking India's substantial market potential for South Asia's first and largest integrated resort.

Official MOU Signing Details

The Memorandum of Understanding was signed by key executives representing both organizations, formalizing the strategic collaboration between the travel service providers and the integrated resort destination.

Strategic Partnership Objectives

The collaboration focuses on a multi-pronged initiative encompassing product development, knowledge and training, integrated marketing communications, and consumer activations. The partnership aims to accelerate visitation from India to Cinnamon Life by jointly developing enriched travel products and creating elevated, seamless experiences for Indian travellers.

Executive Leadership Statements

Rajeev Kale, President & Country Head, Holidays, MICE, Visa at Thomas Cook India, emphasized the partnership's potential to deliver differentiated offerings across segments through their strategic omnichannel model and deep market expertise. SD Nandakumar, President & Country Head - Holidays & Corporate Tours at SOTC Travel, highlighted the alignment with evolving expectations of Indian travellers seeking luxury stays, curated dining, and premium lifestyle zones.

Integrated Resort Destination

Cinnamon Life at City of Dreams Sri Lanka represents South Asia's first and largest integrated resort, offering luxury hospitality, entertainment, gaming, retail, dining, and convention facilities within a single landmark destination. The resort brings together contemporary accommodation, diverse culinary landscape, premium retail, entertainment, event and wellness facilities, providing Indian travellers with a comprehensive proposition for leisure, business and MICE travel requirements.