Travel Food Services Limited — Investor Meet, 19-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Travel Food Services reported strong Q3 FY26 results with system-wide sales up 28.1% to ₹875 Cr and adjusted PAT up 35.3% to ₹137 Cr. Gross margins expanded to 83.9%. The company grew its footprint to over 530 outlets/lounges across 19 airports, including new units at Delhi T1/T2, Cochin, and commencing operations at Navi Mumbai/Noida airports. Despite a temporary December traffic dip, underlying demand is robust, driving 12.5% system-wide like-for-like sales growth through revenue optimization and pricing. Management is confident in continued outperformance, leveraging new wins and tech-enabled platforms like EATS, with highways identified as a key future growth avenue. Balance sheet remains strong with ₹800 Cr cash and zero debt.