Travel Food Services Limited (TFS), a leading player in the travel food and beverage sector, has reported robust financial results for the first quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Strong Revenue Growth

TFS reported system-wide sales of INR 7.15 billion for Q1 FY2026, marking a substantial 26.7% year-over-year increase. This growth was driven by a healthy like-for-like (LFL) growth of 12.5% and net contract gains of 10.1%. The company's consolidated revenue grew by 6.3% to INR 3.75 billion.

Profitability Improvements

The company's consolidated profit after tax (PAT) rose by 19.3% to INR 950.00 million, showcasing the robustness of TFS's business model. EBITDA margin improved by approximately 400 basis points year-over-year to the 38-39% range, while gross margin increased to 83%.

Operational Highlights

As of June 30, 2025, TFS operates 454 travel Quick Service Restaurant (QSR) outlets and 37 lounges, holding a 26% market share in travel QSR and 45% in airport lounges. The company has expanded its footprint both domestically and internationally, with new lounges in Malaysia and Hong Kong.

Brand Partnerships and Expansion

TFS continues to strengthen its brand portfolio, recently opening Nando's at Delhi T3 and announcing upcoming Gordon Ramsay concepts. The company is also in the process of mobilizing approximately 50 new units in FY2026.

Market Outlook

Despite temporary headwinds affecting air passenger growth in the latter part of the quarter, TFS management expects air passenger traffic to normalize by the end of the first half of FY2026. The company remains optimistic about growth opportunities in both the travel QSR and lounge segments.

International Expansion

TFS is actively exploring opportunities in the Asia-Pacific and Middle East regions, building on its recent successes in Malaysia and Hong Kong. The company sees international expansion as a key growth driver for its lounge business in the medium term.

Technology Initiatives

The company has developed a technology platform to facilitate direct tie-ups with banking and credit card network partners. This initiative aims to enhance customer experience, create tailored solutions for different consumer segments, and potentially improve margins in the long term.

Varun Kapur, Managing Director and CEO of Travel Food Services Limited, commented on the results: "Our strong performance this quarter, despite temporary headwinds, demonstrates the resilience of our business model and the exceptional efforts of our highly motivated team. We continue to focus on sustainable growth, efficient capital management, and consistent profit generation."

As Travel Food Services Limited continues to expand its presence in the travel F&B sector, the company remains well-positioned to capitalize on the growing opportunities in both domestic and international markets.

Travel Food Services Limited (TFS) has partnered with celebrity chef Gordon Ramsay to launch the first-ever Gordon Ramsay restaurant in India. The collaboration brings the renowned Street Burger concept to Terminal 1 of Indira Gandhi International Airport (IGIA) in Delhi, marking a significant milestone in the Indian airport dining scene.

A Culinary Landmark at Delhi's T1

The new Street Burger restaurant is set to redefine the airport dining experience for travelers. Located in the recently expanded Terminal 1, which now has the capacity to handle up to 40 million passengers annually, the restaurant aims to offer a perfect blend of global flavors and local tastes.

Menu Highlights

Street Burger's menu has been thoughtfully adapted to suit the fast-paced airport environment while maintaining Gordon Ramsay's signature bold flavors. Diners can expect a range of offerings including:

• Signature burgers with local twists such as the Tandoori Paneer Burger and The Butternut Bhaji Burger
• The globally popular Gordon's Fried Chicken (GFC) Burger
• Side dishes like the spicy 'Hotter than Hell Fries' and Crisp Vegan Bites
• Desserts including Sticky Toffee Pudding and milkshakes
• A selection of cocktails for those looking to unwind before their flight

Strategic Expansion

This launch is part of a broader strategy for both Gordon Ramsay Restaurants Global and Travel Food Services Limited. Andy Wenlock, CEO of Gordon Ramsay Restaurants Global, expressed excitement about the partnership, stating, "India's passion for its rich culinary heritage makes it a natural home for Street Burger. We are pleased to be partnering with TFS to bring the Gordon Ramsay Restaurants Global experience to Indian airports."

Varun Kapur, Managing Director & CEO of Travel Food Services Limited, emphasized the significance of this collaboration, saying, "Bringing Gordon Ramsay to India, and into the airport space for the first time, is a defining milestone for us at Travel Food Services Limited. This partnership combines our operational expertise with the Gordon Ramsay team's culinary excellence to meet the demand for global-quality dining that's fast, relevant, and elevated."

Future Plans

The success of this venture at Delhi Airport paves the way for further expansion across India's key travel hubs. Both companies have hinted at additional Gordon Ramsay dining concepts to follow soon, with Mumbai being mentioned as a potential next location.

As Indian travelers become more discerning in their tastes, this partnership between TFS and Gordon Ramsay Restaurants Global sets a new benchmark for airport dining in the country. It promises to offer world-class culinary experiences that begin well before take-off, transforming layovers into gastronomic adventures.