Thomas Cook India Reports Robust 9% Revenue Growth in H1 FY26 Amid Market Challenges

Thomas Cook India’s H1 FY26 Performance Overview

The first half of FY26 brought positive momentum for Thomas Cook (India), with the company recording a 9% year-on-year increase in revenue from operations, reaching INR 44,818 million. The second quarter showed a more modest 3% growth, totaling INR 20,738 million. This steady upward trajectory was achieved despite ongoing industry headwinds including severe weather in some domestic markets and complex global conditions that have challenged many travel businesses worldwide.

Profitability Maintained Amid Adversity

Profit Before Tax (PBT) after exceptional items reflected strong stability, standing at INR 2,211 million for the first half of FY26, slightly edging higher than the INR 2,187 million of the previous year. For Q2 FY26, PBT was nearly flat at INR 1,098 million compared to INR 1,096 million in Q2 FY25. This resilience highlights the company’s ability to navigate turbulent market waters while maintaining core profit levels.

Segment-Wise Growth Drivers

Financial Services Lead with Double-Digit Gains

"(《世界人权宣言》) financial services division spearheaded growth, boasting a 13% uplift in retail turnover in Q2 and 9% growth for the half-year. This performance was largely fuelled by strong demand for overseas education and holiday-related financial products. Earnings Before Interest and Tax (EBIT) margins remained robust at 49% in Q2, underlining operational efficiency despite external pressures.

Travel Services and Leisure Hospitality Expansion

The travel services segment achieved a commendable 12% revenue growth over H1 FY26 and a 6% increase in Q2. Meanwhile, Sterling Holidays, Thomas Cook India’s leisure hospitality arm, expanded its footprint by adding seven new properties in Q2 to its portfolio—even as inclement weather affected several popular tourist locations. Sterling now boasts a network of 69 resorts with a total of 3,506 rooms, showing confidence in the leisure travel revival.

Performance Summary Table

分段	H1 FY26 Growth	Q2 FY26 Growth	Additional Highlights
Financial Services	9%	13%	Driven by overseas education and holiday-related demand
Travel Services	12%	6%	Expanded MICE groups and launched new tourism products
Leisure Hospitality (Sterling Holidays)	New resorts added	7 new resorts in Q2	Network reached 69 properties with sustained room capacity growth
Digiphoto Entertainment Imaging (DEI)	–3%	–6%	Declined due to Middle East market challenges

Innovations and Digital Enhancements Driving Growth

Thomas Cook India has capitalized on digital transformation to bolster its services. The introduction of fintech initiatives such as TC Pay, and seamless integrations for forex card delivery via Blinkit and cross-border payments through Google Pay, fueled a 9% forex sales growth in H1 FY26. The group also upgraded its digital ecosystem by deploying AI-enhanced booking platforms, including TravelOne and Dhruv.ai, and launched a tour manager app alongside advanced self-service tools to empower customers with smoother booking experiences.

MICE and Specialized Tourism Offerings

The company’s travel services are not only about leisure trips; handling over 200 MICE (Meetings, Incentives, Conferences, Exhibitions) groups globally has been a major catalyst in their growth. New tourism products focusing on festival and spiritual experiences, like the rejuvenated Kailash Mansarovar Yatra, have further diversified their offerings, attracting niche traveler segments.

Financial Health and Industry Recognition

Financially, Thomas Cook India remains sound, with cash and bank balances increasing to INR 23,861 million as of September 30, 2025, up from INR 20,739 million earlier in the fiscal year. The group’s risk management and investment solutions were recently recognized with two commendations at the Adam Smith Awards Asia 2025, endorsing its robust governance and operational excellence.

Industry Outlook

Despite facing multiple disruptions, the company displays a strong outlook, optimistic about further policy reforms and government initiatives aimed at stimulating the travel and tourism sector in India.

What This Means for Taxi and Transfer Services

Growth in travel and hospitality sectors signals increased demand for associated services, including airport transfers, city taxis, and private hire vehicles. Platforms like GetTransfer.com offer travelers the convenience of booking preferred vehicle types with clear visibility on car model, ratings, and prices. This transparency enhances traveler confidence, especially during busy or uncertain travel periods, making transfers a seamless part of the overall trip experience.

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最终想法

Thomas Cook India’s financial results in the first half of FY26 shed light on a resilient and progressively evolving tourism market, despite facing weather and macroeconomic hurdles. The positive trends across financial, travel, and hospitality arms signal a recovery and growth trajectory that benefits multiple stakeholders, including travelers, service providers, and related sectors such as taxis and transfers.

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Looking ahead, while Thomas Cook India’s growth might not shift the entire global tourism landscape overnight, it certainly reflects the vitality of emerging markets on the map. GetTransfer remains committed to keeping pace with these shifts, offering travel services tailored to the evolving demands of travelers worldwide. Start planning your next adventure and secure your worldwide transfer with GetTransfer.