Travel Food Services Limited · NSE:TRAVELFOOD
Travel Food Services — Q1 FY26 Earnings Presentation
42 slides from Travel Food Services's earnings presentation, Aug 12, 2025
Slide 1: Exchange filing cover letter
Date: 11th August, 2025 To, To, Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, 5th Floor, Bandra Kurla Complex, Mumbai-400 001. Bandra (East), Mumbai-400 051 Scrip Code: 544443 Scrip Code: TRAVEL
Slide 2: Earnings Presentation Q1 FY26
EARNINGS PRESENTATION Q1 FY26 AUGUST 2025 Strictly private and confidential
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”) have been prepared by Travel Food Services Limited (the “Company”) solely for informational purposes of general public. This Presentation does not constitute or form part of and should not be construed as a pro
Slide 4: Agenda
Agenda 1 Introduction to Travel Food Services (TFS) 2 Financial Performance Update: Q1 FY26 3 Operational Highlights: Q1 FY26 4 Financial Track Record 5 Company Overview Travel Food Services Limited 3
Slide 5: Introduction to Travel Food Services (TFS)
Introduction to Travel Food Services (TFS)
Slide 6: Message from Managing Director & CEO
Message from Managing Director & CEO VARUN KAPUR Managing Director and CEO ₹ 7,151 Million Dear Stakeholders, System-wide Sales I am pleased to share that in our first quarter as a public company, TFS delivered a healthy performance, with system-wide sales rising by 26.7% and adjusted consolidated P
Slide 7: India's Largest Travel QSR Player and Lounge Operator
India’s Largest Travel QSR Player and Lounge Operator 303 Million 1 18 Airports 3 Air Passenger Traffic at TFS Presence across India, managed Airports in India Malaysia and Hong Kong Joint Ventures 130 Brands3 With Leading Indian Airport Operators: In-house, International & Regional Adani Airport Ho
Slide 8: Financial Performance Update: Q1 FY26
Financial Performance Update: Q1 FY26
Slide 9: Key Highlights of Q1 FY26
Key Highlights of Q1 FY26 Positive start to the year, driven by strong execution, strategic footprint expansion and increased profitability levels System-wide Performance1 System-wide sales reached ₹ 7,151 million. This shows a 26.7% increase compared to last year Sales Growth Like-for-Like (LFL)2 s
Slide 10: System-wide sales grew by 26.7% and consolidated PAT grew by 19.3% YoY
Q1 FY26: System-wide sales grew by 26.7% and consolidated PAT grew by 19.3% YoY System-wide sales1 (Rs. Million) Consolidated PAT2,3 (Rs. Million) 26.7% 19.3% Particulars Q1 FY26 Q1 FY25 YoY (Rs. Million) Reported System-wide 7,151 5,646 26.7% Sales Consolidated 3,751 3,527 6.3% * Sales2,3 Consoli
Slide 11: Q1 FY26: Key Financial Metrics at a Glance
Q1 FY26: Key Financial Metrics at a Glance ₹7,151 Million ₹3,751 Million ₹1,458 Million ₹950 Million System-wide Sales1 Consolidated Sales Consolidated EBITDA Consolidated Profit After Tax ₹6.97 Earnings per Share3 26.7% 6.3% 38.9% 25.3% YoY Growth YoY Growth2 EBITDA Margin PAT Margin System-wide Sa
Slide 12: System-wide Sales Driven by Healthy LFL Growth and Net Contract Gains
System-wide Sales Driven by Healthy LFL Growth and Net Contract Gains Industry Dynamics Passenger traffic grew moderately by 4.5% YoY in Q1 FY26 for TFS managed airports in India due to geopolitical tensions and aircraft maintenance issues post the unfortunate Air India airplane crash towards the en
Slide 13: Consolidated Profitability Driven by Growth and Cost Optimisation Initiatives
Consolidated Profitability Driven by Growth and Cost Optimisation Initiatives Gross Profit Profitability Metrics ❖ Gross margin increased to 83.0% in Q1 FY26 driven by efficient Particulars procurement strategies coupled with effective supply management Q1 FY26 Q1 FY25 (Rs Million, unless YoY chain
Slide 14: Q1 FY26: Consolidated Profit and Loss Statement – Key Metrics
Q1 FY26: Consolidated Profit and Loss Statement – Key Metrics Semolina Kitchen Q1 FY25 Q1 FY25 Particulars Q1 FY26 YoY + Other Adjustment Adjusted Reported (Rs. million, unless stated) Reported Growth Q1 FY251 C = (A) - (B) (A) (B) Sales 3,751 3,527 6.3% 5722 4,099 Gross Profit 3,113 2,847 9.4% 4862
Slide 15: Operational Highlights: Q1 FY26
Operational Highlights: Q1 FY26
Slide 16: Expanding Airport Presence and Brand Portfolio at System-wide level
Expanding Airport Presence and Brand Portfolio at System-wide level 454 37 130 Travel QSR outlets Lounges in domestic Brands Portfolio and international market 37 130 454 117 397 31 June 2024 June 2025 June 2024 June 2025 June 2024 June 2025 Travel Food Services Limited 15
Slide 17: Q1 FY26: Key Operational Highlights
Q1 FY26: Key Operational Highlights Travel QSRs Lounges ❖ Reached a significant milestone with 454 Travel QSR outlets at a system- ❖ Expanded to a robust network of 37 premium lounges wide level operational as of June 30, 2025, reinforcing our leadership in the from 31 in the past 12 months at a sys
Slide 18: Launched India's first Nando's airport outlet at Delhi Terminal 3
Launched India's first Nando’s airport outlet at Delhi's Indira Gandhi International Terminal 3, bringing the world-famous brand to Indian travellers Travel Food Services Limited 17
Slide 19: New Airport Outlets to Boost F&B Offerings
New Airport Outlets to Boost F&B Offerings Chaayos and WoW Momo launched at Mumbai Airport Terminal 2 KFC opened at Jaipur Airport Qmin by Taj Hotels at Bangalore Airport Idli.com opened at Lucknow Airport Travel Food Services Limited 18
Slide 20: Marketing and Celebration Initiatives to Enhance Customer Journey Experience
Marketing and Celebration Initiatives to Enhance Customer Journey Experience The Cricket Collection Pan-India summer campaign to boost cold Limited-edition festive combo launched for beverage sales by giving them prime placement Rath Yatra festival, featuring a culturally rooted on menus for higher
Slide 21: Strategic Initiatives Underway for Enhancing Customer Experience
Strategic Initiatives Underway for Enhancing Customer Experience Integrated Lounge Access Platform Gordon Ramsay Street Burger Debut in India The Coca-Cola Collaboration We have developed a technology platform Shortly opening the first two outlets of Coca-Cola and TFS have entered into a that enable
Slide 22: Financial Track Record
Financial Track Record
Slide 23: Strong Track Record of Growth and Performance
Strong Track Record of Growth and Performance… System-wide Sales1 (₹ Million) Consolidated PAT2 (₹ Million) Strong Double-digit System-wide Sales Growth Outstanding Growth with Steady Margin PAT margin 22.8% 20.4% 21.5% 25.8% 44.9% 27.3% 25,265 18.6% 4,000 3,797 20,082 8,388 3,500 2,981 3,000 6,119
Slide 24: With Strong Cash Flows and Returns
…With Strong Cash Flows and Returns Operating Cash Flows1 and Cash Balance2 Return on Equity4 and Return on Capital Net Worth3 (₹ Million) Employed5 (%) (₹ Million) Healthy capital structure with positive net cash Strong financial stability and growth potential Sustained high return on capital Opera
Slide 25: Strong Industry Growth along with Attractive New Growth Opportunities
Strong Industry Growth along with Attractive New Growth Opportunities Indian Airport Travel QSR and Lounge Market APAC Lounge Market 11%-12%3Asia Pacific Airport Lounge market over next decade Increase in # of airports Expanding fleet size High entry barriers given specialized operations 20471 Sep’2
Slide 26: Our Key Priorities: Growth, Efficiency and Earnings
Our Key Priorities: Growth, Efficiency and Earnings GROWTH OPTIMISE EFFICIENCY EARNINGS DELIVERY Optimize product offerings Grow new space in existing Win with People – Continued Deliver operating synergies Achieve returns by driving and service to grow like-for- markets and build strategic focus on
Slide 27: Company Overview
Company Overview
Slide 28: Travel QSR: Extensive Portfolio of Brands Across Cuisines and Formats
Travel QSR: Extensive Portfolio of 130 Brands Across Cuisines and Formats Diversified range of in-house and partner brands catering to specific customer requirements Our powerhouse brand portfolio - in-house and partner brands2 # of Travel QSR outlets3 442 454 In-house Brands In-house Brands (Owned)
Slide 29: Lounges: Largest Lounge Network in India with Differentiated Value-add
Lounges: Largest Lounge Network in India with Differentiated Value-add Rapidly growing diverse lounge concepts TFS’ unique business model # of lounges (globally) Future strategy Airlines Pay per use 37 37 Premiumization Credit Card 30 9 9 Owned issuers 25 6 Sustainability 4 Corporate tie 17 Loyalty
Slide 30: Our Journey from 1 Airport to 18 Airports
Our Journey from 1 Airport to 18 airports in India and Internationally1 Strengthened footprint from a Single Concept to a Regional Leader Launched a Lounge SSP Group, one of the Won bids for F&B, at Mumbai Airport leading Travel F&B Lounges and FY25 operators globally2, transit hotels at Won bids fo
Slide 31: Our Proven Business Model Built for Sustainable Growth
Our Proven Business Model Built for Sustainable Growth Our economic model Growth drivers Financial Output How we drive revenue How we manage costs Brand and Lounge O Partnerships STR EN ₹ ₹ DST G A TH Sale of F&B products Procurement cost LE EN REVENUE GROWTH S Increasing penetration Labor s
Slide 32: Present in 13/15 Largest Airports in India with ~94% Contract Retention Rate
Present in 13/15 Largest Airports in India1 with ~94% Contract Retention Rate2 Present in 13 of 15 India’s largest airports, serving Secured via long-term contracts/partnerships with airport operators 74%3 of India’s total air passenger traffic TFS Existing Presence Under Execution (contracts won) S
Slide 33: Our Partnership with Promoters Unlocks Strategic Benefits
Our Partnership with Promoters Unlocks Strategic Benefits SSP is one of the leading Travel F&B operators globally in 2024 1 K Hospitality is an Indian F&B player with… 3,000+ F&B and Lounge outlets 1 600+ Locations2 38 Countries1 50+ years Operates, Operational Present in 35 cities in ~550 Of experi
Slide 34: Why We Win: Partner of Choice with Strong Competitive Moats
Why We Win: Partner of Choice with Strong Competitive Moats Multi-unit operations at airports Expertise in handling distinct Leading player in the Travel QSR and challenges in an operationally Lounge sector in airports complex and highly secure airport environment Using a wide range of brands and co
Slide 35: Why We Win: Deep Understanding of Traveller Preferences
Why We Win: Deep Understanding of Traveller Preferences Air travel can be stressful with varied Traveller Needs Limited Time Comfort-focused Wide Price Range Diverse F&B Formats Arrival @ Enter Boarding / Arrival / Immigration / Juggling On-the-move Check-in Security Airport Airport Departure Baggag
Slide 36: Expertise in Handling a Challenging and Operationally Complex Airport Environment
Expertise in Handling a Challenging and Operationally Complex Airport Environment F&B Travel Challenges Ongoing Operational Complexity Ongoing Operational Complexity 15+ years of experience Agreements with Special client demands and in highly complex travel industry multiple brands traveller complai
Slide 37: Select Awards and Accolades
Select Awards and Accolades The Global Lounge at Kuala Lumpur International, operated Tremendous recognition with 8 honours at the 2025 FAB 2025 – Travel Food Services Limited has been by TFS–SSP JV, was honoured by Etihad Airways in Q1 2025 Awards, including Airport Lounge of the Year for 080 Loung
Slide 38: Thank You
Thank You Contact Details: Name: Chhavi Agarwal, CFA Designation: Vice President- Investor Relations Email: investor.relations@travelfoodservices.com
Slide 39: Q1FY26 Press release
August 11, 2025 Travel Food Services Limited (TFS) Q1FY26 Press release August 11, 2025: Travel Food Services Limited (TFS), a leading operator of Travel QSR outlets and Lounges in India, has announced its results for the quarter ended June 30, 2025. Key Highlights • System-wide sales1 of Rs.7,151 m
Slide 40: Impact of the deconsolidation of the JV business
Impact of the deconsolidation of the JV business Q1FY25 adjusted consolidated financials (and therefore YoY comparisons) exclude the one-time impact arising from the deconsolidation of the JV, Semolina Kitchens Private Limited (Semolina Kitchens), effective October 14, 2024. Therefore, for FY25, we
Slide 41: Notes
Notes: 1. TFS system-wide numbers (including system-wide sales) are based on TFS’ system-wide presence covering TFS, its subsidiaries, associates and joint ventures. 2. LFL (Like-for-Like) sales growth refers to growth in revenues generated in the equivalent period of the fiscal year for Travel QSR
Slide 42: Media contacts and Safe Harbor
For media queries, please reach out to: Manish Kadam +91 93242 86677 Manish@conceptpr.com Karishma Maindan +91 98333 28499 karishma@conceptpr.com Safe Harbor Certain statements in this press release may not be based on historical information or facts and may be ‘forward looking statements’ within th