Thomas Cook (India) Limited has announced its financial results for the second quarter and first half of FY27. The company reported a Profit Before Tax (PBT) of ₹848 crore for Q2 FY27, demonstrating resilience amidst global headwinds and the impact of the West Asia conflict. The company highlighted disciplined execution and a focus on margins, while also expressing optimism for continued momentum in India’s leisure travel sector, supported by healthy forward bookings.
Thomas Cook India Posts Resilient Q2 FY27 Performance
Thomas Cook (India) Limited (TCIL) has demonstrated resilience in its financial performance for the second quarter and first half of FY27. The company reported a Profit Before Tax (PBT) of ₹848 crore for Q2 FY27, navigating through continued global economic challenges and the impact of the West Asia conflict. This outcome is attributed to disciplined execution and a strategic focus on margins, which helped offset shortfalls in the travel business.
Key Financial Highlights
For the second quarter ended September 30, 2026, TCIL’s total income stood at ₹20,030 crore, reflecting a 5% year-on-year decrease. However, PBT before exceptional items saw a 1% increase to ₹848 crore. The company’s EBIT stood at ₹1,076 crore. For the half-year ended September 30, 2026 (H1 FY27), total income was ₹41,560 crore, with PBT before exceptional items at ₹1,732 crore.
Segment Performance
The Financial Services segment delivered a strong growth of 21% YoY in revenue for Q2 FY27, contributing ₹1,025 crore. Travel & Related Services recorded revenue of ₹15,683 crore, a 7% decrease YoY. Leisure Hospitality & Resorts revenue grew by 21% to ₹1,259 crore. Digital Imaging Solutions revenue saw a 25% decline to ₹1,474 crore.
Outlook and Strategic Focus
Looking ahead, TCIL expresses optimism regarding continued momentum in the India leisure travel segment. Forward bookings for the current quarter (Q3 FY27) are trending at a healthy 30% growth year-on-year, signalling positive future demand despite elevated airfares and other input costs. The company also highlighted its strong financial position, with cash and short-term investments at ₹28,430 crore as of September 30, 2026.
Demerger of Sterling Holiday Resorts
The presentation also details the ongoing demerger of Sterling Holiday Resorts Ltd. This strategic move aims to unlock shareholder value, sharpen strategic focus for both TCIL and the demerged entity, and improve the overall corporate structure. The exchange ratio for the demerger is set at 0.81 SHRL shares for every 1 TCIL share, subject to regulatory approvals. The demerger is expected to conclude by Q1 FY28.
Source: BSE
