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Thomas Cook India Q2 Net Profit Falls 24% to ₹53.7 Crore; Revenue Dips
Sentiment: NeutralHigh Priority
What Happened?
Thomas Cook India reported a consolidated net profit of ₹53.7 crore for Q2FY27, down 24% from ₹70.7 crore last year. Revenue also declined to ₹1,944.2 crore from ₹2,073.8 crore.
Key points
- Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose to ₹151.2 crore, up 3% from ₹147 crore last year.
- Standalone net profit decreased by 4% to ₹45.1 crore for the quarter ending September 30, 2026.
- The financial services segment saw a 21% year-on-year revenue increase in Q2FY27.
- The company opened seven new resorts in Q2FY27, the highest for a single quarter.
- Forward bookings for leisure travel show a 30% growth for Q3FY27.
Key insights
- The company's focus on financial services is yielding positive results, indicating a potential shift in business strategy.
- Despite challenges, the growth in forward bookings suggests a resilient demand for leisure travel in India.
- The opening of new resorts may enhance the company's competitive position in the hospitality market.
Why it matters
The decline in net profit and revenue highlights challenges in the travel sector amid ongoing geopolitical tensions.
Entities
Thomas Cook (India) Limited· CompanyMumbai· City
Source
Business Standard
