BSECompany Update5d ago · 13 Aug 2026, 07:15 pm
Press Release on Q1 FY27 Un-audited Financial Results.
Travel Food Services Ltd · 544443
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Travel Food Services Ltd reported Q1 FY27 un-audited financial results, with consolidated PAT increasing 35.6% YoY to Rs. 1,288 million, driven by sales growth and higher other income.
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Travel Food Services Ltd - 544443 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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August 13, 2026
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: TRAVELFOOD
Dear Sir/Madam,
Sub: Press Release
Please find enclosed a copy of the Press Release on the Un-audited Financial Results (Standalone and
Consolidated) for the quarter ended June 30, 2026 pursuant to the provisions of Regulation 30 of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
The aforesaid information is also being uploaded on the website of the Company-
www.travelfoodservices.com.
Kindly take the same on your records.
Thanking You,
Yours truly,
For Travel Food Services Limited
Neeta Arvind Singh
Company Secretary and Compliance Officer
August 13, 2026
Q1FY27 Press Release
Travel Food Services Limited (TFS)
Consolidated PAT increases to Rs. 1,288 million in Q1FY27, up 35.6% over the previous year
Key Highlights
➢ System-wide sales were Rs. 8,437 million in Q1FY27, growing 18.0% YoY despite passenger traffic being
impacted by disruptions arising from the Middle East conflict
➢ Consolidated sales were Rs. 4,522 million and Consolidated PAT was Rs. 1,288 million in Q1FY27, recording
growth of 20.6% and 35.6% YoY, respectively
➢ Successfully commenced commercial operations at Noida International Airport and launched a suite of
passenger services during the quarter, expanding the system-wide network to 21 airports as of June 30, 2026
➢ Now operating a system-wide network of 580 Travel QSR outlets and Lounges, with a portfolio of 153 brands
as of June 30, 2026
August 13, 2026: Travel Food Services Limited, a leading operator of Travel QSR outlets and lounges in India,
announced its results for the first quarter of the financial year 2026-27.
Financial Performance (Rs. Million)
Particulars Q1FY27 Q1FY26 YoY
System-wide Sales 8,437 7,151 18.0%
Consolidated Sales 4,522 3,751 20.6%
Consolidated PAT 1,288 950 35.6%
Consolidated PAT as % of
28.5% 25.3% 315bps
Consolidated Sales
Key Financial Highlights – Q1FY27
➢ System-wide sales were Rs. 8,437 million, up 18.0% YoY during the quarter:
o Net contract gains3 were 15.9% YoY at a system-wide level, driven by mobilisation of new units. In
the last 12 months, 87 new Travel QSR outlets and 2 Lounges were added across the network. Key
unit additions were at the Mumbai, Delhi, Hyderabad, Cochin and recently opened Navi Mumbai
and Noida airports.
o Like-for-like (LFL)² sales growth was 0.8% YoY at a system-wide level. Growth was moderated by
temporary factors in certain markets, including traffic migration to newer airports/terminals and
the impact of the Middle East conflict on airports especially in Southern India, which had higher
exposure to the region. Excluding these markets, system-wide LFL sales growth was approximately
7.0% YoY, reflecting the benefits of multiple initiatives undertaken to enhance passenger spend
and drive sales growth.
o In terms of overall passenger traffic at TFS-managed airports, traffic was broadly flat YoY in Q1FY27,
as the continuing conflict in the Middle East weighed on flight schedules, though the rate of decline
eased through June 2026.
o While the first quarter was impacted by the continuing conflict in the Middle East, resulting in input
cost pressures and weaker passenger traffic trends, we expect passenger traffic growth to improve
strongly in the second half of the financial year as operating conditions are expected to normalise.
In the interim, TFS remains focused on disciplined execution, prudent cost management, and
operational efficiency to navigate the near-term environment. Importantly, we believe the long-
term growth drivers of Indian aviation remain firmly intact, supported by rising air travel
penetration, continued airport infrastructure expansion, increasing connectivity, and a growing
propensity to travel.
➢ Consolidated sales were Rs. 4,522 million, up 20.6% YoY in Q1FY27, mainly driven by:
o Net contract gains of 20.2% YoY during the quarter, driven by the mobilisation of new units at TFS
consolidated airports, including Delhi Airport (Terminal 1 and Terminal 2), Cochin Airport
(Domestic Terminal 1), and the recently opened Noida Airport.
o LFL sales growth of 4.2% YoY was impacted by the moderation in passenger traffic at certain
airports due to Middle East conflict, however, the impact was offset by our menu innovation
initiatives, targeted promotions and calibrated premiumisation strategies.
➢ Consolidated PAT was Rs. 1,288 million in Q1FY27, up 35.6% YoY, with a PAT margin of 28.5% compared
with 25.3% in the prior year. PAT growth was supported by sales growth and higher other income. In
Q1FY27, other income included a partial write-back of GST provisions of Rs. 131 million, following a
favourable order received during the quarter.
Key Operational Highlights – Q1FY27
➢ Network and Footprint Growth
o Increased presence to 21 airports at a system-wide level as of June 2026, up from 18 airports as of
June 2025, with the commencement of operations at Noida International Airport during the
quarter. In the last 12 months, TFS has also started operations at Cochin Airport (Domestic Terminal
1) and Navi Mumbai Airport.
o The Travel QSR outlets portfolio increased to 541 outlets as of June 2026 at a system-wide level,
with the addition of 23 outlets during the quarter and 87 outlets in the past 12 months, opened
mainly at the Mumbai, Delhi, Hyderabad, Navi Mumbai, Cochin and Noida airports.
o As of June 2026, TFS operates 39 Lounges at a system-wide level. In the last 12 months, TFS
launched the Travel Club Lounge at both Noida and Cochin airports, and another KYRA lounge at
Hong Kong International Airport.
o The brand portfolio grew to 153 brands as of June 2026, up from 130 as of June 2025, with the
addition of 23 brands in the last year. Recent additions span in-house concepts, local favourites,
and global brands, designed to cater to the continuously evolving tastes of travellers.
➢ New Business and Other Key Highlights
o Noida International Airport commenced commercial operations during the quarter, with six TFS
Travel QSR outlets and one Lounge now live for passengers.
o During the quarter, TFS successfully launched passenger services under the ‘Elite Assist’ brand at
Noida International Airport, including meet-and-greet and porter services. Going forward, the
Company intends to progressively expand these services across additional airports.
o In July 2026, TFS won 10 honours at the FAB 2026 Awards hosted by Bangalore International
Airport Limited, comprising 9 Asia Pacific regional wins across categories like sustainability, F&B
innovation, & marketing, along with the overall FAB Superstars Star Team (Back of House) award.
FAB is globally regarded as the travel hospitality industry’s most prestigious awards programme
organised by the Moodie Davitt Report, and TFS’ wins reflect the strongest performance by an
Indian company at the award ceremony.
Commenting on the Q1FY27 performance, Mr. Varun Kapur, Managing Director and CEO, TFS, said:
‘Q1FY27 was a strong quarter for TFS, with sales and profitability delivering double-digit growth despite a challenging
operating environment impacted by disruptions arising from the Middle East conflict. The quarter reflects the benefits
of our ongoing network expansion and continued focus on operational excellence across the business. During the
quarter, we commenced operations at Noida International Airport, launching multiple Travel QSR outlets, the
airport's first Lounge, and new passenger-facing services under our Elite Assist brand, further strengthening our
presence across key airport locations.
While the quarter was affected by external disruptions beyond our control, TFS has consistently demonstrated its
ability to navigate periods of volatility through operational agility and disciplined execu
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