India · Delayed Price · Currency is INR Travel Food Services Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw resilient growth with system-wide sales up 25.4% and PAT up 21.5% year-over-year, despite muted passenger traffic due to disruptions. Expansion continued across 20 airports and internationally, with robust margins, strong cash position, and a positive outlook for FY 2027.
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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.