Thomas Cook (India) Limited has announced its financial results for the second quarter of fiscal year 2027 (Q2 FY27), reporting a Profit Before Tax (PBT) of ₹848 million. This performance demonstrates resilience despite ongoing global economic challenges. The company highlighted strong growth in its Financial Services segment and a sharp recovery in its India Travel Businesses, signalling a positive outlook for the upcoming quarters.
Thomas Cook (India) Limited Announces Q2 FY27 Results
Thomas Cook (India) Limited (TCIL) has reported its financial results for the second quarter ending September 30, 2026 (Q2 FY27). The company achieved a Profit Before Tax (PBT) of ₹848 million, maintaining resilience against global headwinds and the impact of the West Asia conflict. This figure is a slight increase from the ₹845 million reported in Q2 FY26.
Key Financial Highlights
TCIL’s consolidated financial performance for Q2 FY27 indicates a stable financial position. Total income for the quarter stood at ₹20,030 million, showing a 5% year-on-year decrease. For the first half of FY27 (H1 FY27), total income was ₹41,560 million, down 9% year-on-year. The Group continues to maintain a strong financial footing, with cash and short-term investments reaching ₹28,430 million as of September 30, 2026, up from ₹26,488 million on June 30, 2026.
Segment Performance Review
Financial Services
The Financial Services segment demonstrated robust growth, with Revenue from Operations increasing by 21% year-on-year for Q2 FY27 and 14% year-on-year for H1 FY27. EBIT grew by 10% for Q2 FY27 and 9% for H1 FY27. Overall retail sales saw a healthy 12% growth, largely driven by a strong 33% growth in the Education sector.
Travel Services
India Travel Businesses experienced a significant recovery, ending the quarter just 6% lower than the previous year, with EBIT margins at a healthy 3.8%. Domestic and Short Haul segments were key contributors to this growth. The India Destination Management Services (DMS) business grew by 16% in a seasonally softer quarter, supported by steady inflows from key source markets.
Leisure Hospitality
Sterling Holidays & Nature Trails reported a record Q2 revenue of ₹1,259 million, a 21% increase year-on-year. This segment sustained profitability for 27 consecutive quarters with EBITDA of ₹298 million and EBIT of ₹184 million, marking y-o-y growth of 4% and 1%, respectively. The company also accelerated its portfolio expansion, opening seven resorts in Q2 FY27, bringing its total to 83 resorts.
Digital Imaging Solutions (DEI)
While DEI was impacted by geopolitical headwinds, cost containment measures helped narrow losses significantly from ₹208 million in Q1 FY27 to ₹76 million in Q2 FY27.
Management Commentary
Mahesh Iyer, Managing Director & CEO of Thomas Cook (India) Limited, commented, “Q2 FY27 again demonstrated the resilience of the TCIL Group with PBT* holding firm at ₹848 Mn despite the continued impact of the West Asia conflict. Disciplined execution with a clear focus on margins, helped us offset some shortfall in the travel business. Looking ahead, we are optimistic of continued momentum in India leisure travel, with forward bookings trending at a healthy 30% growth over last year – even in the face of elevated airfares and other input costs. This is a positive signal for the current quarter and beyond.”
Source: BSE
