Thomas Cook (india) Limited · NSE:THOMASCOOK
Thomas Cook (india) — Q3 FY26 Earnings Presentation
34 slides from Thomas Cook (india)'s earnings presentation, Feb 5, 2026
Slide 1: Exchange filing cover letter for investor presentation
February 5, 2026 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 C
Slide 2: Investor Presentation – Q3 & 9M FY26
Thomas Cook (India) Limited Investor Presentation – Q3 & 9M FY26 Feb 5, 2026
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 10 4 Travel & Related Services 14 5 Leisure Hospitality & Resorts 23 6 Digital Imaging Solutions 28 7 Results – Q3 & 9M FY26 31 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 10,000+ TCIL Company in the Travel and 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 Q3 & 9M FY26
Consolidated Financial Performance for Q3 & 9M FY26 (Rs mn) Revenue from Operations Particulars (Rs. mn) Q3 FY26 Q3 FY25 Y-o-Y (%) 9M FY26 9M FY25 Y-o-Y (%) +4% +7% Segment Revenue (a) Financial Services 762 744 2% 2,449 2,490 (2%) 61,707 66,275 20,610 21,457 (b) Travel and Related Services 16,781 1
Slide 8: Management Commentary: Q3 & 9M FY26
Management Commentary : Q3 & 9M FY26 Commenting on the results, Mahesh Iyer - Managing Director & CEO Thomas Cook (India) Limited said, “In the face of a volatile global travel landscape, Thomas Cook India Group has delivered a commendable all- round performance with a PBT growth of 20% in Q3, after
Slide 9: Balance Sheet Overview
Balance Sheet Overview Cash & Bank Balance Gross Debt & Equity Interest Coverage Ratio (Rs bn) (Rs bn) 25.4 23.9 5.1 5.0 20.7 21.8 20.2 2.5 2.2 Dec-24 Mar-25 Dec-25 Dec-24 Dec-25 9M FY25 9M FY26 Gross Debt Equity Prudent financial management evident from its robust position The balance sheet strengt
Slide 10: 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 37% A trusted name in travel, delivering comprehensive services across leisure travel, MICE Offers end-to-end travel solut
Slide 11: Key Highlights: Financial Services
Key Highlights Highlights Key Financial Services Services Financial 10 10
Slide 12: Financial Services Ecosystem
Financial Services Ecosystem Retail Wholesale Holiday Education Banks MSBs Corporates Airport *Reported Revenue: Rs 762 Mn Q3 FY26 83% 17% Remittance Prepaid Travel Cards Buy & Sell Forex Corporates Education Leisure Travel *On net basis 11
Slide 13: Business Operations: Foreign Exchange
Update on Business operations : Foreign Exchange Margin % (Rs mn) Segment Revenue EBITDA EBIT 25% y-o-y 39% y-o-y 11 % y-o-y 40.5% 43.6% 38.7% 41.5% Retail Sales Education turnover Holiday turnover +2% +10% +10% • RBI LRS data reflects a sharper impact on education-led outflows and sustained softnes
Slide 14: Instant Forex Delivery with Blinkit
Instant Forex Delivery with Blinkit Partnered with Blinkit to Deliver Forex Cards at Your Doorstep— in Minutes! . Launch & sustenance of Forex on Blinkit in newer cities : Pune, Chennai & Hyderabad. 13
Slide 15: Key Highlights: Travel and Related Services
Key Highlights Travel and Related Services 14
Slide 16: TCIL Group's Travel Eco-System
TCIL Group’s Travel Eco-System Q3 FY26 80% 20% B2B B2C Travel Segment Revenue: Rs 16,781 mn 3.4% y-o-y B2B Q3FY25 Q3FY26 y-o-y 9MFY25 9MFY26 y-o-y B2C Q3FY25 Q3FY26 y-o-y 9MFY25 9MFY26 y-o-y DMS 10,054 10,666 6% 24,057 26,831 12% Leisure Holidays India 2,443 2,386 (2%) 3,453 3,498 1% Domestic 406 31
Slide 17: Business Operations: Travel & Related Services
Update on Business operations : Travel & Related Services Margin % (Rs mn) Key factors /trends impacting performance in Q3 FY26 Segment Revenue EBITDA EBIT 4.0% 4.2% 2.9% 3.1% • Leisure travel +3% +10% +10% • Shift in Durga Puja holidays to September this year versus October last year 16,230 16,781
Slide 18: B2C Operations: Leisure Holidays
Update on B2C Operations : Leisure Holidays Segment revenue (Rs mn) -6% +8% 15,592 3,588 14,477 1,176 3,367 1,340 406 317 13,137 14,416 3,182 3,050 Customer Segments Groups (GIT) Pre-packaged group tours with fixed itineraries and dates Q3FY25 Q3FY26 9MFY25 9MFY26 Individuals (FIT) Flexible, self-pa
Slide 19: Key Initiatives – Leisure Holidays
Key Initiatives – Leisure Holidays TACY: AI Digital Brand Ambassador • Agent Assist: Deployed an agent assist solution to listen to calls and prompt sellers with relevant information/response suggestions to effectively manage customer queries in real time • Launched AI-powered digital avatar – TACY,
Slide 20: B2B Operations: MICE
Update on B2B Operations : Meetings Incentives Conferences Events (MICE) Segment revenue Key Highlights (Rs mn) -2% +5% • Managed over 120 groups of 50 to over 3000 delegates per group. Key international destinations: Switzerland, Spain, Norway, Finland, Czech 11,395 11,955 2,809 Republic, Australia
Slide 21: B2B Operations: Corporate Travel
Update on B2B Operations : Corporate Travel Segment revenue 93:7 (Rs mn) +21% +17% Air to Non-Air ratio Q3 FY26 1,119 389 961 322 30% Adoption by clients on the corporate self-booking Q3 FY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Services Offered : • Air travel Online and Offline 56% Key Highlights • Hotel Bo
Slide 22: B2B Operations: Destination Management Specialists (DMS)
Update on B2B Operations : Destination Management Specialists (DMS) Customer B2B Partners Segment revenue +6% +12% (Rs mn) 26,831 24,057 10,054 10,666 20,603 23,333 7,611 8,280 2,443 2,386 3,453 3,498 Q3FY25 Q3FY26 9MFY25 9MFY26 India International India International • Local Expertise • Customized
Slide 23: B2B Operations: Destination Management Specialists (DMS)
Update on B2B Operations : Destination Management Specialists (DMS) Key Highlights Revenue DMS Contribution (%) Operates in India DMS: Turnover maintained at a similar level in Q3 FY26 vs. Q3 FY25 due to Q3 FY26 advisories issued in source markets at the time of Indo-Pak war and cancellation due to
Slide 24: Key Highlights: Leisure Hospitality and Resorts
Key Highlights Leisure Hospitality and Resorts (Sterling Holiday Resorts+ Nature Trails) 23
Slide 25: Leisure Hospitality & Resorts Eco-System
Leisure Hospitality & Resorts Eco-System Srinagar Manali Amritsar Shimla Kufri Total no. of Resorts: 72 Mussoorie Kasauli Chail Dehradun RishikeshChila Rudraprayag Q3 Haridwar Nainital FY26 Sariska Corbett Gangtok 22% 78% Jaisalmer Pushkar Darjeeling Ayodhya Kalimpong Ranthambore Owned Partnered Mou
Slide 26: Operations: Leisure Hospitality & Resorts
Update on Operations: Leisure Hospitality & Resorts (Sterling Holiday Resorts + Nature Trails) New Resorts launched in Q3 FY26 Sterling Arka Suites Puri Sterling Mount Olive Gangtok 72 77 Resorts as of Resorts as of Dec ’25 ( 22%)* 04 Feb ( 31%)* 3,610 63% Resort Occupancy in Rooms ( 17%) Q3 FY26 vs
Slide 27: Update on Operations: Leisure Hospitality & Resorts
Update on Operations: Leisure Hospitality & Resorts Stable 9M despite temporary headwinds in Q2; Growth Momentum in Q4 Margin % (Rs mn) • Record Quarter with highest ever Revenue and EBIT Segment Revenue EBITDA EBIT 38.8% 37.0% 30.7% 30.4% • 24th consecutive profitable quarter +12% +7% +10% • Core r
Slide 28: Update on Nature Trails
Update on Nature Trails Highlights • Corporate business reported a strong 68% y-o-y growth; the education segment recorded a 34% growth for the quarter • Signed three new properties — Hampi, Goa and Rishikesh • Successfully conducted “Brand Called You” training programme for 900 ITM management stude
Slide 29: Key Highlights: Digital Imaging Solutions
Key Highlights Digital Imaging Solutions 28
Slide 30: Update on Operations: Digital Imaging Solutions
Update on operations : Digital Imaging Solutions Dubai 8 262 15 122 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 31: Update on Operations: Digital Imaging Solutions
Update on operations : Digital Imaging Solutions Margin % (Rs mn) Segment Revenue EBITDA EBIT Topline improvement drive by : • UAE: increase in footfall and addition of new sites – Ain 5.8% 7.6% 2.6% 3.5% Dubai, Miracle Garden • Hong Kong: Addition of Ocean Park site +5% +38% +42% The growth was par
Slide 32: Results – Q3 & 9M FY26 Consolidated
Results – Q3 & 9M FY26 Consolidated Particulars (Rs. mn) Q3 FY26 Q3 FY25 y-o-y (%) 9M FY26 9M FY25 y-o-y (%) Revenue from Operations 21,457 20,610 4% 66,275 61,707 7% Other Income I. Mark to market gain on Investment - - - - 32 - II. Others 409 221 85% 1,248 888 41% Total Income 21,866 20,831 5% 67,
Slide 33: 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 34: 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