Thomas Cook (India) Limited reported a 3% year-on-year increase in consolidated income for FY2026, reaching ₹85,578 Mn. Despite significant geopolitical disruptions, the company maintained a solid financial position, leveraging its omnichannel business model across travel, foreign exchange, and digital imaging solutions. Management remains cautiously optimistic about the future, focusing on technology and prudent fiscal management to drive sustainable growth and shareholder value.
Consolidated Financial Performance
For the financial year ended March 31, 2026, Thomas Cook (India) Limited demonstrated resilience, navigating a challenging operating environment characterized by airspace disruptions and currency volatility. The group achieved a consolidated income of ₹85,578 Mn, a 3% growth over the previous year. While the consolidated EBIT stood at ₹4,276 Mn, the company continues to maintain a strong liquidity profile with cash and cash equivalents of ₹26,000 Mn against a total debt of ₹2,773 Mn.
Segment Breakdown
Travel & Related Services remained the largest contributor to the group, delivering ₹67,025 Mn in revenue, a 3.6% growth year-on-year. The segment benefited from a strong B2B performance, which accounts for ~73% of the travel pie.
The Financial Services segment maintained stable performance with revenue of ₹3,261 Mn and a robust EBIT margin of 45.8%, highlighting the strength of its AD II license and prepaid card offerings, which now serve over 1.2 million active users.
Leisure Hospitality, under the Sterling brand, saw revenue grow by 6.6% to ₹5,336 Mn. The segment successfully scaled its footprint to 78 resorts across 61 cities, maintaining its status as a debt-free business.
Digital Imaging Solutions (DEI) reported revenue of ₹8,360 Mn. Despite headwinds in the Middle East, the company remains a leader in souvenir imaging, having signed 9 new partnerships and renewed 12 existing ones during the final quarter.
Strategic De-merger Update
The company is progressing with the strategic demerger of its Sterling Holiday Resorts business. This move is designed to create a focused resorts platform, attract dedicated investors, and unlock shareholder value. The process is expected to reach completion by Q1 FY28, streamlining the group’s capital structure and providing clear operational priorities for both entities.
Source: BSE
