Travel Food Q1 FY27 Results (NSE: TRAVELFOOD)
Signal: Margin expansion
The read
The operating trajectory has reaccelerated: consolidated revenue growth of 20.6% and EBITDA growth of 24.9% follow Q3FY26 growth of 10.9% and a fourth consecutive quarter of OPM expansion in the prior series; however, PAT growth of 38.1% is amplified by other income of ₹461.55 million, equal to 29.1% of PBT, and the Delhi T3 licence expires on 30 September 2026.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹452.22 Cr | 20.6% | -1.8% |
| EBIT | ₹166.54 Cr | 25.2% | |
| Net profit | ₹126.73 Cr | 38.1% | |
| EPS | ₹9.62 | 38.0% | |
| EBIT margin | 46% |
P&L walk
Consolidated revenue increased 20.6% YoY to ₹4,522.24 million and EBITDA increased 24.9% to ₹2,080.40 million, with EBITDA margin expanding to 46%; PAT attributable to owners rose 38.1% to ₹1,267.26 million, aided by a substantial increase in other income.
Segments
The group reports one operating segment, but consolidation materially lifts scale and earnings: consolidated revenue of ₹4,522.24 million and PAT of ₹1,287.54 million exceed standalone revenue of ₹3,474.26 million and PAT of ₹1,111.46 million, while consolidated EBITDA margin is lower at 46% versus standalone 54.4%.
Earnings quality: includes non-operating other income
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