Operates food and beverage outlets and lounges at airports, running 518 Travel QSR outlets and 39 lounges across 20 airports in India, Malaysia, and Hong Kong under 145 brands. Earnings come from selling food, beverages, and lounge services to airport travellers through these airport concessions. FY26 consolidated revenue was ₹1,647.796 crore with net profit of ₹452.317 crore, and the board has recommended a dividend of ₹10.25 per equity share. System-wide sales of ₹32,144 million grew 25.4% year-on-year, driven by like-for-like growth of 9.4% and net contract gains of 13.1%. Other operating expenses form the largest cost line at 29.8% of revenue, followed by employee costs at 15.5% and materials (food and beverage supplies) at 13.3%. The company is debt-free with cash reserves of ₹8,356 million and listed on NSE and BSE via an IPO completed in July 2025. Promoter-group entity SSP Asia Pacific Holdings Limited links the business to a global airport food service operator. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Travel QSR outlets, Airport lounges. Asset-light airport food and beverage concessionaire with a multi-brand QSR and lounge model.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 1,648 |
| EBITDA (ex other income) | 649 |
| margin % | 39.4 |
| Owners' profit | 441 |
| EPS, as reported (₹) | 33.49 |
| ROE % · ROCE % | 30.9 · 37.6 |
| Debt / equity (x) | 0.00 |
| Cash from operations | 393 |
| Capex | (39) |
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 375 | 356 | 456 | 461 | 452 |
| Profit before tax | 124 | 110 | 155 | 140 | 159 |
| Net profit | 95 | 98 | 137 | 123 | 129 |
| EPS (₹) | 6.97 | 7.27 | 10.08 | 9.17 | 9.62 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JUBILANT FOODWORKS LTD | 31,029 | 71.6 | 13.00 | 16.9 | 18.6 | 8.8 | 23.5 | 20.3 |
| DEVYANI INTERNATIONAL LTD | 17,015 | — | 9.03 | 20.5 | (2.3) | (1.1) | — | 17.3 |
| TRAVEL FOOD SERVICES LTD ◆ | 16,486 | 34.6 | 11.26 | 22.1 | 30.9 | 33.5 | — | 46.0 |
| WESTLIFE FOODWORLD LTD | 8,878 | 279.1 | 14.34 | 21.5 | 5.2 | — | 21.6 | 13.5 |
| SAPPHIRE FOODS INDIA LTD | 7,198 | — | 5.18 | 14.9 | (2.3) | (1.4) | — | 16.3 |
| RESTAURANT BRAND ASIA LTD | 6,975 | — | 10.13 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Allotment of 30,669 equity shares under TFS ESOP Plan | capital market events | low | — | — |
| 27 Aug 2026 · 19th AGM notice, e-voting and 10 percent dividend - Travel Food Services | compliance | minimal | — | — |
| 26 Aug 2026 · 19th AGM notice and Annual Report sent to shareholders with unregistered emails | compliance | minimal | — | — |
| 25 Aug 2026 · Travel Food Services files first BRSR for FY 2025-26 | compliance | low | — | — |
| 25 Aug 2026 · Record date fixed for final dividend FY 2025-26 | corporate actions | high | — | — |
| 25 Aug 2026 · Annual Report FY26 and 19th AGM notice - dividend of Rs 10.25 per share | board shareholder meetings | medium | — | — |
| 25 Aug 2026 · Notice of 19th AGM and Annual Report for FY 2025-26 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Newspaper notice for 19th AGM on September 16, 2026 via video conferencing | compliance | minimal | — | — |
| 21 Aug 2026 · TFS Q1 FY27: Sales up 18% YoY, PAT up 35.6%, EBITDA margin moderates to 35.8% | investor communications | medium | — | — |
| 14 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 19.3 |
| (29.6) |
| (7.8) |
| — |
| 14.6 |
| UNITED FOODBRANDS LIMITED | 2,734 | — | 8.51 | 13.7 | (19.3) | (6.3) | 21.4 | 16.7 |
| SPICE LOUNGE FOOD WORKS LIMITE | 2,296 | 91.5 | 18.67 | 145.5 | 7.9 | 3.9 | — | 13.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 34.6 | 48.4 | 4 of 9 | 63% |
| P/B | 11.3 | 9.0 | 8 of 11 | 30% |
| ROCE | 33.5 | 2.4 | 2 of 12 | 91% |
| ROE | 30.9 | 0.3 | 1 of 11 | 100% |
| Debt / Equity | 0.0 | 0.4 | 1 of 11 | 80% |
| EBITDA margin | 46.0 | 17.3 | 1 of 11 | 100% |
| Revenue growth | 20.6 | 16.6 | 4 of 12 | 73% |
| Profit growth | 35.6 | 113.8 | 8 of 11 | 30% |
| Market cap | 16486 | 2734 | 3 of 13 | 83% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
