Travel Food Services Ltd.
TRAVELFOODConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
5 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 5 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20250819 | 2024-06-30 | yes | |
| TRANSCRIPT | 20251120 | 2024-09-30 | yes | |
| TRANSCRIPT | 20260219 | 2024-12-31 | yes | |
| TRANSCRIPT | 20260603 | 2025-03-31 | yes | |
| TRANSCRIPT | 20260821 | 2025-06-30 | yes |
TRAVELFOOD
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,214.20 |
| 52-week range | 1043.7 – 1428.6 |
| Return 1M | -6.33% |
| Return 3M | -8.99% |
| Return 1Y | -9.75% |
| Return 3Y | not reported for this period |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 452.00 |
| Other income | 46.00 |
| Total income | 498.00 |
| Cost of materials consumed | 57.00 |
| Purchases of stock-in-trade | 7.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 82.00 |
| Finance costs | 8.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.86 | 0.00 |
| institutions foreign | 0.02 | 0.00 |
| institutions domestic | 0.10 | 0.00 |
| mutual funds | 0.08 | 0.01 |
| public | 0.14 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2025-06-30 | 5 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| Revenue from operations | 375.00 | 356.00 | 456.00 | 461.00 | 452.00 |
| Other income | 21.00 | 21.00 | 23.00 | 31.00 | 46.00 |
| Total income | 396.00 | 377.00 | 479.00 | 491.00 | 498.00 |
| Cost of materials consumed | 56.00 | 53.00 | 61.00 | 49.00 | 57.00 |
| Purchases of stock-in-trade | 7.00 | 4.00 | 13.00 | 10.00 | 7.00 |
| Changes in inventories | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 |
| Employee benefit expense | 68.00 | 59.00 | 68.00 | 61.00 | 82.00 |
| Finance costs | 9.00 | 8.00 | 10.00 | 37.00 | 8.00 |
| Depreciation and amortisation | 34.00 | 38.00 | 39.00 | 40.00 | 42.00 |
| Other expenses | 99.00 | 104.00 | 133.00 | 155.00 | 144.00 |
| Total expenses | 271.00 | 267.00 | 324.00 | 351.00 | 340.00 |
| Profit before exceptional items and tax | 124.00 | 110.00 | 155.00 | 140.00 | 159.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 124.00 | 110.00 | 155.00 | 140.00 | 159.00 |
| Current tax | 34.00 | 28.00 | 45.00 | 51.00 | 35.00 |
| Deferred tax | 4.00 | -2.00 | -5.00 | -11.00 | 6.00 |
| Tax expense | 37.00 | 26.00 | 40.00 | 40.00 | 41.00 |
| Profit for the period | 95.00 | 98.00 | 137.00 | 123.00 | 129.00 |
| Profit attributable to owners | 92.00 | 96.00 | 133.00 | 121.00 | 127.00 |
| Profit attributable to non-controlling interests | 3.00 | 2.00 | 4.00 | 2.00 | 2.00 |
| Other comprehensive income | 0.00 | 0.00 | -1.00 | -0.00 | 1.00 |
| Total comprehensive income | 95.00 | 98.00 | 136.00 | 123.00 | 129.00 |
| Earnings per share, basic | 6.97 | 7.27 | 10.08 | 9.17 | 9.62 |
| Earnings per share, diluted | 6.95 | 7.26 | 10.06 | 9.15 | 9.60 |
Annual results, as filed
| Line | 2026-03-31 |
|---|---|
| Revenue from operations | 1,648.00 |
| Other income | 95.00 |
| Total income | 1,743.00 |
| Cost of materials consumed | 218.00 |
| Purchases of stock-in-trade | 34.00 |
| Changes in inventories | -0.00 |
| Employee benefit expense | 256.00 |
| Finance costs | 64.00 |
| Depreciation and amortisation | 150.00 |
| Other expenses | 491.00 |
| Total expenses | 1,214.00 |
| Profit before exceptional items and tax | 529.00 |
| Exceptional items | 0.00 |
| Profit before tax | 529.00 |
| Current tax | 158.00 |
| Deferred tax | -15.00 |
| Tax expense | 143.00 |
| Profit for the period | 452.00 |
| Profit attributable to owners | 441.00 |
| Profit attributable to non-controlling interests | 11.00 |
| Other comprehensive income | -0.00 |
| Total comprehensive income | 452.00 |
| Earnings per share, basic | 33.49 |
| Earnings per share, diluted | 33.42 |
Balance sheet, as filed
| Line | 2025-09-30 | 2026-03-31 |
|---|---|---|
| Total assets | 2,007.00 | 2,280.00 |
| Non-current assets | 924.00 | 938.00 |
| Current assets | 1,083.00 | 1,341.00 |
| Property, plant and equipment | 325.00 | 287.00 |
| Capital work-in-progress | 35.00 | 28.00 |
| Goodwill | 0.00 | 0.00 |
| Other intangible assets | 2.00 | 2.00 |
| Inventories | 11.00 | 13.00 |
| Trade receivables | 130.00 | 264.00 |
| Cash and cash equivalents | 39.00 | 48.00 |
| Total equity and liabilities | 2,007.00 | 2,280.00 |
| Equity | 1,207.00 | 1,464.00 |
| Equity share capital | 13.00 | 13.00 |
| Other equity | 1,171.00 | 1,430.00 |
| Total liabilities | 801.00 | 816.00 |
| Non-current liabilities | 168.00 | 114.00 |
| Current liabilities | 633.00 | 702.00 |
| Borrowings, non-current | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 |
| Trade payables | 353.00 | 355.00 |
Cash flow, as filed
| Line | 2025-09-30 | 2026-03-31 |
|---|---|---|
| Net cash from operating activities | 226.00 | 393.00 |
| Net cash from investing activities | -78.00 | -150.00 |
| Net cash from financing activities | -134.00 | -221.00 |
| Purchase of property, plant and equipment | 16.00 | 39.00 |
| Net increase in cash | 14.00 | 22.00 |
| con:CFO.BEFORE_TAX | 288.00 | 532.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 62.00 | 139.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 460.00 | 934.00 |
| con:INVESTMENTS_SOLD | 374.00 | 789.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 2.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2025-07-14 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| Promoter and promoter group | 86.19 | 0.86 | 0.86 | 0.86 | 0.86 |
| Domestic institutions | 5.09 | 0.08 | 0.09 | 0.10 | 0.10 |
| Mutual funds | 2.96 | 0.06 | 0.06 | 0.07 | 0.08 |
| Insurance companies | 1.05 | 0.02 | 0.02 | 0.02 | 0.02 |
| Foreign institutions | 2.96 | 0.03 | 0.02 | 0.02 | 0.02 |
| Public | 13.81 | 0.14 | 0.14 | 0.14 | 0.14 |
| Non-institutional | 5.76 | 0.03 | 0.03 | 0.03 | 0.02 |
| Shares outstanding | 131679484 | 131679484 | 131679484 | 131679484 | 131679484 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-21 | Q1FY26 | FOOD SERVICES | Read the call |
| 2026-06-03 | Q4FY25 | FOOD SERVICES LIMITED, TRAVEL FOOD SERVICES LIMITED | Read the call |
| 2026-02-19 | Q3FY25 | FOOD SERVICES LIMITED, TRAVEL FOOD SERVICES LIMITED | Read the call |
| 2025-11-20 | Q2FY25 | FOOD SERVICES | Read the call |
| 2025-08-19 | Q1FY25 | FOOD SERVICES LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q1FY25 | Q1FY26 | Q2FY25 | Q3FY25 | Q4FY25 |
|---|---|---|---|---|---|
| Capex | — | — | — | Yes, we are a QSR player and we pay our vendors on a timely basis, but a part of our trade payables is also for capex and some of the projects that we… | And also what would be the capex plan for the next two years? |
| Capital allocation | — | — | — | — | Company is happy to announce an annual dividend of 10.25 per share for FY26, subject to shareholder approval. |
| Costs | — | — | — | — | We reduced our reliance on gas wherever applicable, menus were re-engineered to prioritize centrally supplied items, reduced on-site cooking load, and… |
| Debt and cash | — | — | — | My questions were around working capital side. | — |
| Demand | And any colour for this year or any future expansions that are in the pipeline? | So, therefore, we're already always, as you saw, winning new contracts over the last year would be evident, we had quite a strong pipeline. | This sustained growth trajectory is driven by multiple structural factors on both the demand and supply sides. | Underlying demand fundamentals remain robust and traffic trends in recent weeks indicated an immediate passenger volume recovery. | The quarter opened with encouraging momentum supported by seasonally strong travel demand. |
| Guidance | — | So, as we expect passenger traffic to come back, as you were saying, that trend is what we expect to continue seeing going forward as passengers conti… | Now as we enter the seasonally strong second half of the year, we expect passenger traffic to continue recovering, supported by improved travel sentim… | February 13, 2026 And we expect that we see that will be at a similar level. | So just to add to what Varun said, we do have visibility of more than 50 odd outlets in the pipeline, and we expect the capex on an average to be in t… |
| Margin | Any colour you can provide which helps us appreciate the operating leverage advantage you get in 2Q, second half better? | Travel Food Services Limited August 14, 2026 On the margin front, reported gross profit stood at INR3.9 billion, with a gross profit margin of 85.7%. | And, sir, can you walk me through gross to EBITDA margin bridge? | This margin expansion was supported by efficient procurement practices, lower cost inflation, and value unlock of our lounge aggregation business, whi… | Moving to operating profit for the quarter, EBITDA increased by 38.3%, benefiting from lower manpower costs and flow-through of higher gross profit. |
| People | — | — | So, how do we think about capacity utilization in our outlets and our lounges? | This is because scale-up of operations across key airports which enabled better manpower utilization. | — |
| Pricing | So, I'm assuming the balance, the gap between the two is largely driven by pricing. | — | The first one was that for the LFL growth that you reported both on system-wide sales and for the consol, what will be the element of price hike? | — | Plus, I think that much you pass on to consumers in the way we are operating, it is an environment where we take price hikes in line with inflation. |
| Revenue growth | — | I will now take you through the financial performance of the company for Q1 FY27. System-wide sales for the quarter reached INR8.4 billion, representi… | Against this challenging backdrop, TFS has performed well and delivered a strong quarter with system-wide sales of INR 7.3 billion and PAT of INR 979 … | Moving to the consolidated numbers, consolidated sales reached INR4.56 billion, representing a year-on-year growth of 18.3%. | And in the last quarter, traffic growth was impacted, as we all saw, by the ongoing Middle East conflict. |