Thomas Cook India sees recovery in travel business; forward bookings rise 30%
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Thomas Cook India reported a 23 per cent net profit fall to ₹53.7 crore in Q2 FY27.
- ✓Despite this, the company saw a 30 per cent rise in outbound forward bookings.
- ✓Managing Director Mahesh Iyer said on Tuesday, "business remains resilient and disciplined execution has helped the company to offset some shortfall."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Net profit falls 23% to ₹53.7 crore in Q2; outbound bookings rise 30% amid partial inbound recovery
Thomas Cook India is seeing improvement in its travel business on a sequential basis driven by higher forward bookings and partial recovery in its inbound business in international markets, the company's Managing Director & CEO Mahesh Iyer said on Tuesday.
The company reported a 23 per cent year-on-year (y-o-y) decline in its net profit to ₹53.7 crore in Q2 FY27 due to lower revenue.
While foreign exchange and leisure hospitality portfolios saw a 21 per cent rise in revenue, the travel segment remained under pressure. On an overall basis, the travel segment revenue declined 7 per cent y-o-y.
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