Travel Food Services (TRAVELFOOD) investor relations material

Executive summary

• System-wide sales rose 18.8% to Rs.8,654 million in Q2FY27 and 18.4% to Rs.17,090 million in H1FY27, despite passenger traffic declines of 4.8% and 2.2%, respectively.

• Consolidated PAT rose 50.5% to Rs.1,473 million in Q2FY27 and 43.2% to Rs.2,761 million in H1FY27; the balance sheet was debt-free with Rs.10,309 million cash at September 30, 2026.

• More than 70 units were mobilised over 12 months, expanding airport presence from 18 to 22; new operations continue to ramp up.

Financial highlights

• Consolidated revenue from operations was Rs.4,253 million in Q2FY27, up 19.5% YoY, and Rs.8,775 million in H1FY27, up 20.1%.

• Q2 consolidated EBITDA was Rs.1,579 million, up 16.8% YoY; EBITDA margin was 37.1%, down 86 bps.

• Reported consolidated PAT was Rs.1,473 million in Q2FY27 versus Rs.979 million; H1FY27 PAT was Rs.2,761 million versus Rs.1,929 million.

• Q2 and H1 PAT included net-of-tax provision write-backs of ~Rs.468 million and ~Rs.566 million, respectively.

Outlook and guidance

• H2 operating conditions are expected to improve gradually, supported by seasonally stronger travel demand and potentially easing geopolitical pressures; traffic recovery remains a key monitorable.

• Priorities include deepening airport presence, ramping new and greenfield operations, advancing the outlet pipeline, and selective expansion in international lounges and expressway QSR.

• Around 50 visible outlet additions were expected over the next three to four quarters; 20 outlets opened in October and early November.

• Management cited 6%-8% LFL growth as a broad expectation; net contract gains vary by period.