Analysts/Institutional Investor Meet/Con. Call Updates

21st August, 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: Earning Call Transcript – Q1 FY2026-27 Results Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the earnings/conference call hosted by the Company on August 14, 2026, post declaration of Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The above information is also being uploaded on the website of the Company- www.travelfoodservices.com. This is for your information and records. Thanking you, Yours truly, For Travel Food Services Limited Neeta Arvind Singh Company Secretary and Compliance Officer Encl.: as above “Travel Food Services Limited Q1 FY27 Earnings Conference Call” August 14, 2026 MANAGEMENT: MR. VARUN KAPUR – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – TRAVEL FOOD SERVICES MR. VIKAS VINOD KAPOOR – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – TRAVEL FOOD SERVICES MS. CHHAVI AGARWAL – INVESTOR RELATIONS – TRAVEL FOOD SERVICES MODERATOR: MR. ASHUTOSH JOYTIRADITYA – ICICI SECURITIES LIMITED Page 1 of 21 Travel Food Services Limited August 14, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 Earnings Conference Call of Travel Food Services Limited, hosted by ICICI Securities Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ashutosh Joytiraditya. Thank you, and over to you, sir. Ashutosh Joytiraditya: Yes, thank you, Anushka. Hello and good afternoon everyone present on the call. I, on behalf of ICICI Securities, welcome you on the Travel Food Services Limited's Q1 FY27 Earnings Call. I would like to thank the management for giving us this opportunity of hosting the call. From the management, we have with us Mr. Varun Kapur, MD and CEO; Mr. Vikas Vinod Kapoor, Whole-Time Director and CFO; and Ms. Chhavi Agarwal, Vice President, Investor Relations. I now hand the call over to Ms. Chhavi Agarwal for the opening remarks. Yes, thank you. Chhavi Agarwal: Thank you, Ashutosh, and good afternoon. Welcome and thank you for joining us on the Travel Food Services Limited Earnings Conference Call for the first quarter ended June 30, 2026. The management will discuss the operational and financial performance for the quarter and address the question-and-answer session. We will be referring to the earnings presentation, press release, and the financial results uploaded on the stock exchanges. Before we proceed, here is a disclaimer to the call. A few statements by the company's management in the call can be forward-looking in nature, and we request you to refer to the disclaimer in the earnings presentation for further details. Now, I would like to hand over the call to Mr. Varun Kapur for opening remarks. Thank you. Varun Kapur: Good afternoon, ladies and gentlemen, and thank you for joining us for the earnings call of TFS for the first quarter of this financial year. I hope you have had the opportunity to review our Q1 FY27 results and the investor presentation released yesterday. Let me begin with an update on the operating environment, followed by the key highlights of our performance, after which our CFO Vikas, will take you through the financials in greater detail. We have begun the new financial year on a strong note. Despite the disruptions arising from the ongoing conflict in the Middle East, we delivered double-digit growth in both sales and profitability, continued to expand our network, and further strengthened our position across key airport markets. Let me start with the operating environment. Passenger traffic remains the single most important external driver of our business, and during the quarter, it was impacted by the Middle East conflict, particularly on international routes. Domestic traffic registered modest growth, but a significant decline in international traffic resulted in overall passenger traffic being broadly flat year-on-year for the quarter. Page 2 of 21 Travel Food Services Limited August 14, 2026 For some added colour, the quarter began with a decline in overall traffic in April. May saw a gradual stabilization in traffic trends as disruptions eased, with domestic traffic returning to growth, while international traffic continued to face headwinds despite improving conditions. In June, traffic softened again following renewed conflict-related disruptions. That said, one of the clearest lessons of the past several years has been the resilience of travel demand. Time and again, we have seen passenger traffic and traveller spending rebound strongly once disruptions ease. Even during the current quarter, the temporary easing of geopolitical tensions in May led to a sharp rebound in travel activity, particularly in domestic travel, resulting in the highest ever single month of domestic air traffic in India, particularly notable against a softer base in the same month last year and underscoring the resilience and strong bounce-back capability of the Indian travel market. Against this softer traffic backdrop, where we also saw higher cost and inflation pressures, TFS delivered another quarter of strong performance. System-wide sales grew by 18% year-on-year to INR8.4 billion, while consolidated profit after tax increased by 35.6% year-on-year to INR1.3 billion. Vikas will cover the financials in detail, so let me focus on what these numbers tell us about the business. We sustained strong momentum in new outlet openings, backed by recent contract wins and a robust pipeline, which translated into net contract gains of 15.9% year-on-year at the system- wide level. A few markets saw softer like-for-like performance during the quarter, notably Mumbai and Guwahati owing to traffic migration to new airport infrastructure and certain South India markets given their relatively higher exposure to Middle East traffic. As a result, system- wide LFL sales growth was 0.8% for the quarter. Importantly, excluding these specific markets, like-for-like sales grew around 7% year-on-year across our wider network. During the quarter, we commenced operations at Noida International Airport, taking our system-wide presence to 21 airports. Over the last 12 months, we have added 87 travel QSR outlets and two lounges across the network, with significant additions at Mumbai, Delhi, Hyderabad, Cochin, Navi Mumbai, and Noida airports. Our system-wide footprint as of June end stands at 580 travel QSR outlets and lounges, while our brand portfolio has expanded to 153 brands. We remain focused on creating a differentiated food and hospitality experience for travellers through a carefully curated portfolio of international brands, regional favourites, and our own in-house concepts. On the lounge side, we continue to see an encouraging response to our premium offerings and customer experience initiatives. We are also increasingly leveraging technology to deepen engagement with passengers and partners while creating additional avenues for monetization. Another important milestone during the quarter was the successful launch of our passenger services at Noida International Airport under our Elite Assist brand, including meet-and-greet and porter services. These offerings complement our existing lounge network and will integrate into our EATS technology platform, allowing passengers to use them alongside other experiences, further [Showing first 8,000 characters — download PDF for full document]