Thomas Cook India sees H1 revenue climb despite headwinds

Thomas Cook (India) Limited announced Q2 FY26 revenue from operations of INR20,738 million, a 3% year-on-year increase. H1 FY26 revenue reached INR44,818 million, up 9%. Profit before tax after exceptional items for H1 FY26 was INR2,211 million, slightly up from INR2,187 million in H1 FY25. The company's FX segment revenue for Q2 FY26 was INR845 million, a marginal 1% increase year-on-year. The travel and travel-related services segment saw revenue grow 6% to INR16,891 million in Q2 FY26, and 12% in H1 FY26 to INR36,675 million.

Sterling Holiday Resorts, a subsidiary, achieved its 23rd consecutive profitable quarter despite Q2 being traditionally lean. The resort business recorded a 13% growth in revenue for Q2 and an 11% year-on-year RevPAR growth, expanding its portfolio to 56 destinations and 65 resorts. However, EBIT for the segment declined by 16% in Q2, attributed to weather impacts and fixed costs incurred for new resorts.

The company launched new digital initiatives, including TCPay, an all-in-one forex app, and a partnership with Blinkit for 10-minute forex card delivery. It also expanded its China holiday portfolio and restarted the Kailash Mansarovar Yatra. Management expressed confidence in a stronger H2 performance, anticipating growth from improved market conditions and the full impact of new initiatives.