Thomas Cook (India) Limited reported a 9% year-on-year growth in revenue from operations to Rs 44,818.00 million for H1FY26, with Q2FY26 showing a 3% growth to Rs 20,738.00 million. The company demonstrated resilience in the face of global geopolitical challenges and weather-related disruptions in key domestic markets.

Key Highlights

• PBT after exceptional items was maintained at Rs 2,211.00 million in H1FY26 versus Rs 2,187.00 million in H1FY25
• Consolidated net profit reached Rs 707.50 million in Q2FY26 compared to Rs 719.60 million in the same quarter last year
• EBITDA stood at Rs 1,470.00 million in Q2FY26, down 12% from Rs 1,679.00 million in Q2FY25
• The Group maintained strong cash and bank balances of Rs 23,861.00 million as of September 30, 2025

Segment Performance

Financial Services

• Retail turnover increased 13% for Q2FY26 and 9% for H1FY26, led by holidays and overseas education segments
• Maintained healthy EBIT margins at 49% for Q2FY26

Travel Services

• Revenue grew 12% in H1FY26 and 6% in Q2FY26
• EBIT impacted by lower sales in key growth markets due to external factors

Sterling Holidays (Leisure Hospitality & Resorts)

• Opened seven new properties during the quarter
• Profitability impacted by higher setup costs for new resorts and lower occupancy levels

Digiphoto Entertainment Imaging (Digital Imaging Solutions)

• Revenue declined 3% in H1FY26 and 6% in Q2FY26
• Impacted by geopolitical issues affecting Middle East markets

Mahesh Iyer, Managing Director & CEO, commented, "While multiple global geopolitical challenges and monsoon-related disruptions affected India's travel sector this quarter, the TCIL Group has demonstrated resilience – growing Revenue from Operations by 9% for H1 & 3% for the quarter, as well as sustaining PBT at Rs. 2,211.00 Mn in H1 FY26."

The company continued to focus on expanding its network and digital initiatives across segments. It opened 4 new leisure travel outlets and launched new products like Festival and Carnival tours. Thomas Cook India also won two awards at the Adam Smith Awards Asia 2025 for Best Risk Management Solution and Best Investing Solution.

With a strong balance sheet and strategic growth initiatives, Thomas Cook India appears well-positioned to capitalize on the expected uptick in travel demand. However, the company remains cautious about ongoing geopolitical uncertainties that could impact the sector.

Thomas Cook (India) Limited has announced a significant development in its international operations. The company's subsidiary, Desert Adventures, has been granted a license by Saudi Arabia's Tourism Ministry, enabling it to operate tourism services within the Kingdom.

Key Details of the License

Desert Adventures, associated with Thomas Cook (India), has received approval to provide tourism services in Saudi Arabia. This strategic move aligns with the company's expansion plans in the Middle East tourism sector.

Corporate Structure and Licensing Process

The licensing process involved multiple entities within the Thomas Cook (India) group:

The license was granted to Desert Adventures Tourism (Saudi Arabia), which is registered in the Kingdom of Saudi Arabia.

Implications for Thomas Cook (India)

This development is expected to strengthen Thomas Cook (India)'s presence in the Middle Eastern tourism market. By securing the license to operate in Saudi Arabia, the company is positioning itself to capitalize on the growing tourism sector in the region.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Thomas Cook (India) Limited has duly informed the stock exchanges - BSE Limited and National Stock Exchange of India Limited - about this development.

The tourism license granted by Saudi Arabia's Ministry of Tourism marks a significant milestone for Desert Adventures and its parent company, Thomas Cook (India) Limited. This move aligns with Saudi Arabia's efforts to diversify its economy and boost its tourism sector, potentially opening up new opportunities for international travel companies.