THOMASCOOKNSEThomas Cook (India) Limited· Travel And TransportMediumNeutral
Announced Mon, 18 May · 18:30 IST

Thomas Cook (India) Limited has informed the Exchange about Transcript

Promoter Disclosed Acquisition PlansMgmt Guided Margin ImprovementInvestor Communications View source PDF

THOMASCOOK · price

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AI summary

Thomas Cook reported Q4 FY26 revenue of INR 17,707 million (down 10% YoY) and full year FY26 income of INR 83,982 million (up 3%). EBT declined 14% to INR 3,268 million for FY26 due to geopolitical headwinds including the Pahalgam attack, Operation Sindoor, and US-Iran-Israel conflict. India operations showed resilience with 16% Q4 EBT growth driven by Financial Services (margin 46-48%), short-haul outbound, corporate travel and MICE. Sterling Holidays delivered a record Q4 with 14% revenue growth and 25 consecutive profitable quarters, with a debt-free balance sheet and INR 3,400 million cash reserves. DEI was significantly impacted (50% Middle East revenue contribution) with Q4 EBIT at negative INR 10 crores. The Board has granted in-principle approval for demerger of the resort business into Sterling Holiday Resorts. Management guided that short-haul continues double-digit growth while long-haul bookings remain subdued due to geopolitical tensions and elevated airfares.

Likely market impact

The company faces near-term pressure from geopolitical disruptions affecting long-haul travel and Middle East operations, but demonstrates resilience in India operations, Financial Services, and Sterling. The strategic demerger of Sterling could unlock shareholder value. Margin guidance remains intact at 5% EBIT for travel segment over the long term.