Q3 2026 Thomas Cook (India) Ltd Earnings Call Transcript
Key Points
- Consolidated total income for the nine months FY26 increased by 8% to INR67,523 million, with a 5% growth in the quarter.
- Interest income grew significantly, reflecting efficient treasury operations and improved yields on investments.
- PBT for Q3 improved by 20%, excluding the onetime impact of the new Labour Code.
- Foreign Exchange segment reported a 10% increase in EBIT, with margins expanding to 41.5%.
- Retail sales in the Foreign Exchange segment grew by 25% year-over-year, driven by a 39% increase in the Education segment.
- The Travel segment faced challenges with only a 3% growth, impacted by geopolitical tensions and advisories affecting inbound travel.
- The B2C segment saw a 6% decline in revenue year-over-year, influenced by calendar shifts and evolving customer preferences.
- The MICE segment recorded a marginal decline during the current quarter.
- The US market performance was impacted by a muted inbound travel sentiment.
- The India DMS business remained flat during the quarter due to travel advisories and airspace sensitivities.
Ladies and gentlemen, good day, and welcome to the Thomas Cook India Limited Q3 FY26 Earnings Conference Call hosted by Systematix Group. (Operator Instructions). I now hand the conference over to Mr. Vijay Jangir from Systematix Group. Thank you, and over to you, sir.
Thank you, Shubham. Welcome, everyone, and thank you for joining us on Thomas Cook India Limited's Q3 FY26 earnings conference call. From the company, we have with us Mr. Mahesh Iyer, Managing Director and Chief Executive Officer; and the senior management team.
We would like to begin the call with brief opening remarks from the management and following which we will have the forum open for an interactive Q&A session. I would now like to invite Mr. Mahesh Iyer to make initial remarks, and thank you, and over to you, Mahesh, sir.
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Thank you,
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