Thomas Cook (India) Limited and SOTC Travel have forged a strategic alliance with the Mauritius Tourism Promotion Authority (MTPA) to capitalize on the growing Indian travel market. The memorandum of understanding, signed on February 6, 2026, represents a comprehensive approach to promoting Mauritius as a premier destination for Indian travelers across multiple segments.

Strategic Partnership Details

The MOU was formalized by key executives from all three organizations, establishing a framework for long-term collaboration:

The partnership leverages Thomas Cook India's omnichannel capabilities and destination expertise to showcase Mauritius across India's diverse market segments, including metropolitan areas and emerging Tier 2 and 3 cities.

Market Positioning and Target Segments

The collaboration will focus on positioning Mauritius beyond its traditional beach destination image. The partnership aims to highlight the island's rich Creole heritage, vibrant cultural diversity, and French influences that create natural connections with Indian travelers. Key target segments include:

• Honeymoon and leisure travelers
• Multi-generational families
• Millennials and Generation Z travelers
• MICE and corporate travel segments
• Business travelers seeking premium experiences

Mauritius offers several advantages for Indian travelers, including visa-free access, short flight durations, and accommodation options ranging from premium luxury resorts to value-driven properties.

Executive Perspectives

Mr. Rajeev Kale emphasized the strategic importance of the appointment as MTPA's partner for the Indian market, highlighting plans to leverage Thomas Cook India's extensive network and destination expertise. The partnership aims to showcase Mauritius' evolving proposition across leisure, MICE, and business travel segments while tapping into both established metro markets and emerging regional centers.

Mr. S.D. Nandakumar described the MOU as a significant milestone in repositioning Mauritius as a multifaceted destination. He highlighted the island's unique blend of French influence, Creole heritage, diverse religious traditions, and distinctive culinary landscape as key differentiators that resonate with Indian travelers.

Mr. Benoît Harter expressed enthusiasm about the partnership's potential to accelerate growth in the Indian market through a multipronged approach targeting both metropolitan and regional markets across leisure and MICE segments.

Implementation Strategy

The collaboration will implement a comprehensive three-pillar approach:

Destination Knowledge and Education

• Training programs for travel consultants
• Familiarization trips and educational initiatives
• Product knowledge enhancement across distribution channels

Product Development

• Customized packages for different traveler segments
• Integration of cultural and heritage experiences
• Development of MICE-specific offerings

Marketing Communications

• Joint promotional campaigns across multiple channels
• Digital marketing initiatives targeting specific demographics
• Participation in travel trade shows and consumer events

About the Organizations

Thomas Cook (India) Limited, established in 1881, operates as India's leading omnichannel travel company with services spanning foreign exchange, corporate travel, MICE, leisure travel, and visa services. The company has received multiple industry recognitions, including MICE Powerhouse at MaxiiiMICE Awards 2025 and Outbound Travel Operator of the Year (2024) at The Economic Times Travel & Tourism Annual Awards.

SOTC Travel Limited, a step-down subsidiary with over 75 years of legacy since 1949, specializes in leisure travel, incentive travel, and business travel segments. The Mauritius Tourism Promotion Authority, established under the MTPA Act 1996, serves as the official body promoting Mauritius as a tourist destination globally.

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.