Thomas Cook (India) reports net profit of Rs 66.4 cr for Q2FY26, revenue of Rs 2074 cr

Thomas Cook (India) reported a consolidated net profit of Rs 66.4 crore for the quarter ended September 30, up 2.3% year-on-year. Revenue from operations grew 3.5% YoY from Rs 2,074 crore to Rs 2,004 crore. Mahesh Iyer, MD and CEO Thomas Cook (India) Limited said that while multiple global geopolitical challenges and monsoon-related disruptions hit the Indian travel sector this quarter, the company has shown ‘resilience’ and grew its operating revenue by 9% in the first half of the year. “Despite RBI’s LRS data reflecting a slowdown, especially in the education segment, our forex business managed to increase retail sales by 9% in the first half of FY26,” he said. “Looking ahead, we believe that government initiatives such as GST 2.0 and other growth-oriented investments will benefit the travel industry as the consumption-induced trickle-down effect will lead to higher discretionary spend per category.” he added.

The company said revenue from travel services business grew to 12% year-on-year in the first half of FY26 and 6% year-on-year in the second quarter of FY26. Hospitality chain Sterling Holidays opened seven new properties during the quarter, but profitability was impacted by higher set-up and operating costs for the new resorts and lower occupancy rates of newly added inventory. In retail, sales grew 13% in the second quarter of FY26; 9% in H1 FY26, led by the holiday segment and foreign education. Forex via WhatsApp transactions grew by more than 108% year-on-year in the second quarter. The number of app bookings grew by 25% year-on-year in the second quarter.
Thomas Cook (India) said it continues to maintain a strong financial position, with cash and bank balances of Rs 2,386 crore as of September 30.