Thomas Cook (India) Ltd
NSE:THOMASCOOK
Thomas Cook (India) Ltd
Thomas Cook (India) Ltd. is a venerable name in travel and financial services, tracing its roots back to the pioneering initiatives of its British counterpart in the 19th century. However, its story in India began in 1881, when it set the stage for organized travel in the subcontinent. Recognizable by its robust business model, Thomas Cook (India) operates through a diverse portfolio that includes foreign exchange services, travel offerings, and corporate travel management. It has skillfully adapted to the evolving landscape by integrating technology with its traditional expertise. The company’s travel segment caters to both leisure and business customers, designing and managing trips that are crafted with meticulous attention to detail. This ensures repeat business and customer loyalty, two pivotal elements in its revenue generation strategy.
Complementing the travel division is Thomas Cook India's stronghold in the forex services market. Here, it capitalizes on the burgeoning demand for foreign currencies from both corporate clients and individual travelers, taking advantage of its extensive network of branches across India. The travel and forex operations are interlinked, providing a seamless service experience. Through this symbiotic relationship, the company ensures a steady cash flow, sustaining its financial health. Moreover, its foray into the digital realm, with user-friendly online platforms, has opened up new streams of revenue, ensuring that Thomas Cook (India) remains not just a legacy brand, but a dynamic player in an increasingly competitive market.
Thomas Cook (India) Ltd. is a venerable name in travel and financial services, tracing its roots back to the pioneering initiatives of its British counterpart in the 19th century. However, its story in India began in 1881, when it set the stage for organized travel in the subcontinent. Recognizable by its robust business model, Thomas Cook (India) operates through a diverse portfolio that includes foreign exchange services, travel offerings, and corporate travel management. It has skillfully adapted to the evolving landscape by integrating technology with its traditional expertise. The company’s travel segment caters to both leisure and business customers, designing and managing trips that are crafted with meticulous attention to detail. This ensures repeat business and customer loyalty, two pivotal elements in its revenue generation strategy.
Complementing the travel division is Thomas Cook India's stronghold in the forex services market. Here, it capitalizes on the burgeoning demand for foreign currencies from both corporate clients and individual travelers, taking advantage of its extensive network of branches across India. The travel and forex operations are interlinked, providing a seamless service experience. Through this symbiotic relationship, the company ensures a steady cash flow, sustaining its financial health. Moreover, its foray into the digital realm, with user-friendly online platforms, has opened up new streams of revenue, ensuring that Thomas Cook (India) remains not just a legacy brand, but a dynamic player in an increasingly competitive market.
Profitability Growth: Thomas Cook India reported a 20% year-on-year growth in profit before tax for Q3, excluding a one-time labor code charge.
Revenue Momentum: Consolidated total income rose by 5% for the quarter and 8% for the 9-month period, reflecting steady growth despite industry headwinds.
Sterling Resorts Record: Sterling Holiday Resorts achieved its highest-ever quarterly revenue, EBITDA, and profit before tax, with 10% revenue growth and a 36% EBITDA margin.
Forex Segment Strength: Foreign Exchange segment EBIT grew 10%, with EBIT margin expanding to 41.5%. Retail forex sales jumped 25% year-on-year.
Cash Position: Consolidated net cash (excluding prepaid card float) rose to INR 780 crores from INR 405 crores year-on-year, with a total gross cash balance of INR 1,000 crores.
Positive Outlook: Management expects double-digit earnings growth in FY27, with continued focus on operational efficiency, margin discipline, and digital investments.
Policy Boost: The reduction in TCS on overseas tour packages to 2% is seen as a positive for future demand, though benefits will materialize in FY27.
