| Management target | Revenue FY28 |
|---|
| Revenue growth | System sales up 18%; consolidated revenue up 20.6% YoY. |
|---|---|
| Margins | EBITDA margin moderated to 35.8% due to expansion costs. |
| Demand visibility | Strong domestic bounce-back; international traffic recovery expected by H2. |
| Management confidence | Optimistic about long-term aviation tailwinds despite temporary geopolitical disruptions. |
Growth
System-wide sales grew 18% YoY, driven by 87 new travel QSR outlets and lounge ramp-ups.
Outlook
50 outlets under development; significant revenue uplift expected over next 12-18 months as units mature.
Risks
EBITDA margin compression due to high employee and pre-operative costs at new airport sites.
Last quarter's promises, checked
Delivered
- Guided 80%-83% Gross Margin → delivered 87.3% (= BEAT)
- Guided 50+ outlet pipeline → delivered 76 units mobilized (= BEAT)
- Guided debt-free status → delivered 0 debt with 8.4B INR cash (= BEAT)
Partly delivered
- Guided 40-45 debtor days → delivered 264cr receivables (ramp-up delay) (= PARTIAL)
Missed
- Guided 7%-10% traffic growth → delivered 1.2% (= MISS)
Earnings Call Transcript filed with BSE, NSE: TRAVELFOOD. Summary written with AI assistance from the document.
Travel Food Services Ltd: key numbers
- Share price
- ₹1,195.50
- Market cap
- ₹15,746 Cr
- Revenue (annual)
- ₹1,648 Cr
- Net profit (annual)
- ₹441.0 Cr
- P/E (TTM)
- 33.1×Sector 43.2×
- Promoter holding
- 86.19%+0.00% QoQ
- FII holding
- 1.65%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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