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.

Thomas Cook (India) Limited has announced an investor presentation and earnings conference call scheduled for February 6, 2026, to discuss its Q3 and nine-month FY26 financial and business performance. The announcement comes following the company's mixed quarterly results, which showed a standalone net loss offset by strong nine-month growth.

Quarterly Performance Overview

The company reported a standalone net loss of ₹21.4 million for Q3 FY26, marking a significant decline from the net profit of ₹106.5 million recorded in Q3 FY25. This quarterly loss was primarily attributed to exceptional items worth ₹174.8 million related to the implementation of new labour codes by the Government of India.

Consolidated Performance Highlights

On a consolidated basis, Thomas Cook India demonstrated better performance with consolidated revenue increasing to ₹21,457 million in Q3 FY26 from ₹20,610 million in Q3 FY25, representing a 4% year-over-year growth. The consolidated net profit was ₹455 million compared to ₹473 million in the previous year.

Nine-Month Performance Strength

Despite the quarterly setback, Thomas Cook India demonstrated robust performance over the nine-month period. The company achieved a net profit of ₹1,003.9 million for the nine months ended December 31, 2025, representing a 10.18% increase from ₹911.1 million in the corresponding period of the previous year.

Earnings Call and Investor Presentation

The company has filed the investor presentation with BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation covers the company's financial and business performance across its diversified portfolio including Travel & Related Services, Financial Services, Leisure Hospitality & Resorts, and Digital Imaging Solutions.

Management Commentary

Commenting on the results, Mahesh Iyer, Managing Director & CEO, highlighted the company's "commendable all-round performance with a PBT growth of 20% in Q3, after excluding a one-time impact of ₹301 million arising due to increased provisions based on the new Labour Code." He also welcomed the Union Budget announcement reducing TCS on overseas tour packages to a simplified flat rate of 2% from earlier rates of 5% and 20%.

Exceptional Items Impact

The company's quarterly performance was significantly affected by exceptional items totaling ₹174.8 million, primarily related to the implementation of new labour codes. The Government of India consolidated 29 existing labour regulations into four Labour codes effective November 21, 2025, resulting in incremental employee benefit liabilities.