Travel Food Services Q3FY26 Update

Travel Food Services reported a steady performance with December quarter revenue rising 11% YoY to Rs.456 crore, supported by improving airport traffic and consumption trends. EBITDA grew 15% YoY to Rs.181 crore, reflecting strong operating leverage and better margins. Net profit surged 36% YoY to Rs.137 crore, while EPS rose to Rs.10.08, highlighting healthy earnings momentum. The company continues to benefit from strong travel recovery and premium airport retail positioning. Stable growth with improving profitability keeps the outlook positive, though valuations remain at a moderate premium.