Key takeaway: On May 18, 2026, Thomas Cook (India) Limited provided a transcript of its Q4 and FY26 Earnings Conference Call held on May 13, 2026. Management discussed the challenging operating environment due to geopolitical tensions, including the Pahalgam attack and the US-Iran-Israel conflict, which negatively impacted travel demand and costs. For FY26, the company reported a 3% increase in consolidated income to INR 85,578 million, but a 14% decrease in EBT to INR 3,268 million. The financial services segment showed resilience with a 13% increase in turnover for the holiday segment. Management announced a strategic divestment plan to demerge the resort business into Sterling Holiday Resorts, aiming to streamline operations and enhance shareholder value. The call concluded with management expressing cautious optimism for future performance amidst ongoing uncertainties.

Key takeaway: On February 6, 2026, Thomas Cook (India) Limited held its Q3 and 9M FY26 earnings conference call, where management reported a consolidated total income increase of 8% year-on-year for the nine-month period, reaching INR67,523 million. The quarter's total income grew by 5% to INR21,866 million. Management highlighted a significant rise in other income, primarily from fixed deposits related to foreign exchange operations. Profit before tax (PBT) for Q3 was reported at INR897 million, reflecting a 20% increase when excluding a one-time impact from the new Labour Code. Management discussed the positive implications of recent budget announcements on tourism, including a reduction in the Tax Collected at Source (TCS) on overseas tour packages. Segment performance showed a 10% EBIT increase in the Foreign Exchange segment, while the Travel segment's EBIT margins improved to 3.1%. Management emphasized ongoing digital engagement initiatives and the importance of operational efficiencies in driving profitability growth.