Travel Food Services Limited — Investor Meet, 19-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Travel Food Services (TFS) reported Q1 FY26 system-wide sales of ₹715 Cr (+26.7% YoY) driven by 12.5% like-for-like growth. Consolidated PAT increased 19.3% YoY to ₹95 Cr. Gross margins improved to 83% due to efficient procurement and lower food inflation, with sustainable EBITDA margins anticipated. Management noted temporary moderation in air passenger traffic due to recent events but expects recovery by H2. Key growth drivers include mobilizing over 50 new units this year (with 70 under construction) and international expansion in Malaysia and Hong Kong. JV profits were impacted by pre-opening costs as new units ramp up.