Thomas Cook (india) Limited · NSE:THOMASCOOK
Thomas Cook (india) — Q1 FY26 Earnings Presentation
38 slides from Thomas Cook (india)'s earnings presentation, Jul 30, 2025
Slide 1: Stock exchange filing cover letter for earnings call presentation
July 30, 2025 The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code
Slide 2: Thomas Cook (India) Limited Investor Presentation – Q1 FY26
Thomas Cook (India) Limited Investor Presentation – Q1 FY26
Slide 3: Table of Contents
Table of Contents Sr. No. Contents Page No. 1 About the Group 03 2 Group Performance 05 3 Financial Services 11 4 Travel & Related Services 15 5 Leisure Hospitality & Resorts 27 6 Digital Imaging Solutions 31 7 Results – Q1 FY26 34 2
Slide 4: Thomas Cook India Group at a Glance
Thomas Cook India Group at a Glance A 144+ year old brand having diversified interests in Travel & Related Services, Foreign Exchange & Related Services, Leisure Hospitality & Resorts and DEI. # Part of Fairfax Group (63.83%) India’s Largest Integrated Company in the Travel and 10,000+ TCIL Group St
Slide 5: Thomas Cook India Group at a Glance
Thomas Cook India Group at a Glance Travel & Related Services Southern Africa East Africa Financial Services Leisure Hospitality & Resorts Digital Imaging Solutions The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 4
Slide 6: Key Highlights Group Performance
This image will change Key Highlights Group Performance Financial Services Quarterly Highlights 5
Slide 7: Consolidated Financial Performance for Q1 FY26
Consolidated Financial Performance for Q1 FY26 Margin % (Rs mn) Total Income from Operations EBITDA 7.7% 7.5% 7.7% 15% 15% 24,530 1,887 21,343 20,220 1,645 1,514 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26* PBT • Thomas Cook India Group reports PBT growth of 18% to Rs. 1,284 Mn for Q1 FY26 5.1% 4.4% 5
Slide 8: Management Commentary : Q1 FY26
Management Commentary : Q1 FY26 Commenting on the results, Mahesh Iyer - Managing Director & CEO Thomas Cook (India) Limited said, “Despite the recent geopolitical events this quarter, that disrupted the travel ecosystem both in India and globally, I am happy to announce that the Thomas Cook India G
Slide 9: Diversified Verticals – Powered by Consistent Execution & Scalable Growth
Diversified Verticals – Powered by Consistent Execution & Scalable Growth Segment wise EBIT* contribution Travel and Related Servies One-stop solution for every traveler’s needs 48% A trusted name in travel, delivering comprehensive services across leisure travel, corporate travel, MICE Offers end-t
Slide 10: Segmental Performance – Q1 FY26
Segmental Performance – Q1 FY26 Margin % (Rs mn) Travel & Related Service Financial Services Leisure Hospitality & Resorts Digital Imaging Solutions 18% -7% 8% 1% 19,784 907 1,357 2,075 2,015 2,097 16,821 1,257 15,723 842 1,164 Income from Operations 787 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1F
Slide 11: Balance Sheet Overview
Balance Sheet Overview Cash & Bank Balance Gross Debt & Equity Interest Coverage Ratio (Rs bn) (Rs bn) 22.5 22.4 23.0 21.0 6.1 5.7 20.7 18.7 4.9 2.5 2.4 2.8 Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 Q1 FY25 Q4FY25 Q1FY26 Gross Debt Equity Prudent financial management evident from its robust position
Slide 12: Key Highlights Financial Services
Key Highlights Highlights Key Financial Services Services Financial 11 11
Slide 13: Financial Services Ecosystem
Financial Services Ecosystem Retail Wholesale Holiday Education Banks MSBs Corporates Airport *Reported Revenue: Rs 842 Mn Q1 FY26 80% 20% Remittance Prepaid Travel Cards Buy & Sell Forex Corporates Education Leisure Travel *On net basis 12
Slide 14: Update on Business operations : Foreign Exchange
Update on Business operations : Foreign Exchange Margin % (Rs mn) Income from Operations EBITDA EBIT 52.6% 44.2% 46.2% 51.4% 42.5% 44.4% -7% -18% -20% 907 842 787 477 466 348 389 374 334 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Key Highlights The financial services segment repo
Slide 15: Key Initiatives – Forex
Key Initiatives – Forex India’s First Contactless Cross-Border Forex Card – WhatsApp Calling Now Live for Prepaid Powered by Google Pay & Visa Forex Card Assistance Seamless addition of Enhanced security with Opened new forex outlets tokenization Thomas Cook’s range of Voice Support Anytime, Anywher
Slide 16: Key Highlights Travel and Related Services
Key Highlights Travel and Related Services 15
Slide 17: TCIL Group’s Travel Eco-System
TCIL Group’s Travel Eco-System Q1 FY26 62% 38% B2B B2C Travel Segment Revenue: Rs 19,784 mn 18% y- o-y B2B Q1FY25 Q1FY26 y-o-y B2C Q1FY25 Q1FY26 y-o-y DMS 6,071 7,823 29% Leisure Holidays India 438 597 36% Domestic 765 670 (12%) International 5,633 7,226 28% Outbound 6,107 7,245 19% MICE 4,247 4,773
Slide 18: Update on Business operations : Travel & Related Services
Update on Business operations : Travel & Related Services Margin % (Rs mn) Income from Operations EBITDA EBIT 4.8% 4.9% 5.0% 3.9% 3.7% 4.1% 18% 19,784 23% 25% 16,821 994 811 15,723 811 765 649 589 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 17
Slide 19: Update on B2C Operations : Leisure Holidays
Update on B2C Operations : Leisure Holidays Income from Operations 15% (Rs mn) 7,915 6,872 7,245 6,107 765 670 Customer Segments Customer Age Profile Q1FY25 Q1FY26 Pre-packaged group tours with 26-35 years 34% Groups (GIT) fixed itineraries and dates Domestic International 36-45 years 29% Individual
Slide 20: Key Initiatives - Leisure Holidays
Key Initiatives - Leisure Holidays Introducing ‘TravSure’: A Comprehensive Travel Safety Program Opened new outlets Franchise outlets (Gold Circle Partner): • Jayanagar – Bengaluru • Mohali – Punjab • Siliguri – West Bengal Launched unique holidays around Free Rescheduling & Refund in emergencies –
Slide 21: TCIL & SOTC Travels’ India Holiday Report 2025 – Key Survey Findings (1/2)
TCIL & SOTC Travels’ India Holiday Report 2025 – Key Survey Findings (1/2) Increased Holiday Intent Key Holiday Drivers Traveller Intent 75% - Experiential Hybrid / Omni Channels Preferred travel takes center 85% 90% Preferred travelling stage 68% prefer to buy holidays Increased Frequency 60% with
Slide 22: TCIL & SOTC Travels’ India Holiday Report 2025 – Key Survey Findings (2/2)
TCIL & SOTC Travels’ India Holiday Report 2025 – Key Survey Findings (2/2) Preferred Destinations Preferred Preferred Domestic Destinations + Indian Subcontinent International Destinations Kashmir, Himachal Pradesh, Europe led by Switzerland, France, 55% Uttarakhand 50% Austria, Germany 46% Southeas
Slide 23: Update on B2B Operations : Meetings Incentives Conferences Events (MICE)
Update on B2B Operations : Meetings Incentives Conferences Events (MICE) Income from Operations Key Highlights 12% (Rs mn) • Managed over 300 groups, including groups of 4 to 4,773 over 1000 delegates per group. Key international 4,247 destinations: Europe (France, Netherlands, Germany, Hungary, Aus
Slide 24: Update on B2B Operations : Corporate Travel
Update on B2B Operations : Corporate Travel Income from Operations* Key Highlights 93:7 (Rs mn) • Commenced operations in the European Union 2% with the establishment of TCI Euro in Nicosia, Non-Air to Air ratio Cyprus – a dedicated entity focused on serving Q1 FY26 322 328 the business travel needs
Slide 25: Update on B2B Operations : Destination Management Specialists (DMS)
Update on B2B Operations : Destination Management Specialists (DMS) Customer B2B Partners Income from Operations (Rs mn) 29% 7,823 6,071 7,226 5,633 438 597 Q1FY25 Q1FY26 India International • Local Expertise India International • Customized Itinerary Planning India, Nepal, Bhutan and Sri Lanka • Ve
Slide 26: Update on B2B Operations : Destination Management Specialists (DMS)
Update on B2B Operations : Destination Management Specialists (DMS) Key Highlights Revenue DMS Contribution (%) Operates in India DMS: Turnover grew by 36% y-o-y for Q1 FY26, traditionally a lean quarter. Q1 FY26 Overseas DMS: Sales grew by 28% y-o-y for Q1 FY26. India, Nepal, Bhutan and India 8% Sr
Slide 27: Technology / AI Updates
Technology / AI Updates Key Features AI powered Travel • Chats like a human Leisure Travel Assistant : Tacy • GenAI powered chatbot that can mimic human interaction & aimed at converting web traffic to leads GenAI advisor • India’s first multi-modal, multi-lingual, agentic voice & email GenAI adviso
Slide 28: Key Highlights Leisure Hospitality and Resorts
Key Highlights Leisure Hospitality and Resorts 27
Slide 29: Leisure Hospitality & Resorts Eco-System
Leisure Hospitality & Resorts Eco-System Srinagar Manali Total no. of Resorts: 62 Amritsar Shimla Kufri Chail Mussoorie Dehradun Rishikesh Rudraprayag Q1 Haridwar Nainital Lansdowne Corbett Gangtok 77% FY26 23% Jaisalmer Sariska Pushkar Darjeeling Kalimpong Ranthambore Partnered Owned Udaipur Mount
Slide 30: Update on operations : Leisure Hospitality & Resorts
Update on operations : Leisure Hospitality & Resorts Margin % (Rs mn) Income from Operations EBITDA EBIT 8% 33.6% 29.6% 38.9% 26.1% 20.2% 30.2% 25% 25% 1,357 1,257 528 409 1,164 422 328 345 235 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 • Strong Start to FY26: Delivered highest e
Slide 31: New Resorts launched in Q1 FY26
Update on operations : Leisure Hospitality & Resorts Sterling Vanvasa, Lansdowne New Resorts launched in Q1 FY26 2 in Q1 FY26 3,285 New resorts Rooms 74% 62 Sterling Kastoori – Rudrprayag Guest Ratio in Resorts Q1 FY26 As of June ‘25 Rs. 7,162 62% Average Room Rate Resort Occupancy in (ARR) Q1 FY26
Slide 32: Key Highlights Digital Imaging Solutions
Key Highlights Digital Imaging Solutions 31
Slide 33: Update on operations : Digital Imaging Solutions
Update on operations : Digital Imaging Solutions Dubai 8 262 15 123 Headquartered Regional Offices No. of Sites Operated Presence in countries Total Partnerships DEI serves customers at leading attractions across the world, with, serving a wide array of leisure and entertainment categories, HONG KO
Slide 34: Update on operations : Digital Imaging Solutions
Update on operations : Digital Imaging Solutions Margin % (Rs mn) Income from Operations EBITDA EBIT 1% 7.0% 6.7% 7.6% 3.2% 3.9% 5.1% 11% 61% 2,075 2,015 2,097 160 145 135 106 78 66 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Key Highlights Partnership Spotlight – Q1FY26 • 5 new p
Slide 35: Results – Q1 FY26 Consolidated
Results – Q1 FY26 Consolidated Particulars (Rs. mn) Q1 FY26 Q4 FY25 Q1 FY25 y-o-y (%) Income from Operations 24,080 19,689 21,059 14% Other Income I. Mark to market gain on Investment - - 18 - II. Others 451 531 266 69% Total Income from Operations 24,530 20,220 21,343 15% Expenses - Cost of service
Slide 36: Segmental Results – Q1 FY26 Consolidated
Segmental Results – Q1 FY26 Consolidated Particulars (Rs. mn) Q1 FY26 Q4 FY25 Q1 FY25 y-o-y (%) Segment Revenue (a) Financial Services 842 787 907 (7%) (b) Travel and Related Services 19,784 15,723 16,821 18% (c) Leisure Hospitality & Resorts 1,357 1,164 1,257 8% (d) Digiphoto Imaging Services 2,097
Slide 37: Contact Us
Contact Us For further information please contact Debasis Nandy Urvashi Butani Ami Mehta President and Group CFO Head- Investor Relations Manager- Investor Relations Tel: +91 22 4242 7000 Tel: +91 22 4242 7095 Tel: +91 22 4242 7597 Email: Debasis.Nandy@thomascook.in Email: Urvashi.Butani@thomascook.
Slide 38: Disclaimer
Disclaimer ▪ This presentation has been prepared by Thomas Cook (India) Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or dissemi