Travel Food Services Limited — Investor Meet, 21-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

TFS Q1 FY27 saw system-wide sales up 18% YoY to 840 Cr, and PAT up 35.6% to 130 Cr, despite flat passenger traffic. Revenue from operations grew 20.6% to 450 Cr, with LFL sales up 4.2%. EBITDA grew 11% to 160 Cr, though margins moderated due to higher employee and pre-operating costs for new outlets at Noida, Cochin, and Delhi. The company expanded to 21 airports with 87 new QSRs/lounges. Management is confident on H2 FY27 passenger traffic rebound and future growth from 50 new outlets under development and highway opportunities. Balance sheet remains debt-free with 970 Cr cash.