Travel Food Services Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Travel Food Services (TFS) reported robust FY26 results: System-wide sales surged 25.4% to INR 3210 Cr, and adjusted PAT increased 21.4% to INR 450 Cr. Despite challenging conditions with passenger traffic growing only 1.2% due to various disruptions, TFS showed resilience through network expansion (20 airports, >550 outlets) and premiumization. Management is confident in India's long-term aviation growth, eyeing international lounge expansion and expressway amenities. Q1 FY27 is showing improving traffic trends after recent dips. The company maintains a strong zero-debt balance sheet with INR 840 Cr in cash and announced a dividend of INR 10.25 per share. Outlook remains growth-oriented.