Thomas Cook (India) Limited — Investor Meet, 18-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Thomas Cook (India) reported Q4 FY26 revenue down 10% YoY, with FY26 EBT lower by 14% due to significant geopolitical disruptions. India operations and Financial Services showed resilience, with forex turnover notably exceeding industry trends. Sterling Holidays delivered a record Q4, growing revenue 14% with strong margins and a debt-free balance sheet. Management plans to demerge the resort business into Sterling for value creation and streamline focus. Short-haul travel is robust, offsetting some long-haul weakness. Cost optimization, tech adoption, and new RBI forex norms are strategic priorities. The Board approved a dividend of INR 0.50 per share. Outlook is cautiously optimistic for demand recovery.