India · Delayed Price · Currency is INR Travel Food Services Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 delivered strong results with system-wide sales up 28% YoY and adjusted PAT up 35%. Expansion continued across airports and lounges, with robust margins and a debt-free balance sheet. Growth momentum is expected to persist, supported by new wins and operational excellence.
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System-wide sales grew 18.4% YoY in Q2 FY26, with PAT up 15.3% on an adjusted basis. Despite temporary passenger traffic declines, recovery is underway, and over 500 outlets reinforce sector leadership. Cash reserves increased to INR 7.5 billion, with zero debt.
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System-wide sales grew 26.7% YoY with robust like-for-like and net contract gains, while gross margin improved to 83% and PAT rose 19.3% YoY. Expansion continues in India and abroad, with recovery expected in air passenger traffic and strong contract renewal rates supporting future growth.