About Travel Food Services Limited
Travel Food Services Limited (incorporated in 2007) is a leading Indian player in the airport-focused food and beverage (F&B) segment, operating under two primary business verticals Travel QSR (Quick Service Restaurants) and Airport Lounges. With a portfolio of 117 partner and in-house brands, the company manages 397 QSR outlets across India and Malaysia as of June 30, 2024.
The Travel QSR offerings cater to the fast-paced needs of airport travelers by offering diverse cuisine options in compact, quick-service formats. Simultaneously, the Lounge segment provides premium airport lounge experiences in 14 Indian airports and 3 Malaysian airports, targeting first/business-class flyers, loyalty members, and cardholders.
Backed by strong partners like SSP Group and K Hospitality, and guided by the experienced Kapur family, the company has developed a deep understanding of traveler behavior and preferences over the last 15 years of presence at major airports like Delhi, Mumbai, Bengaluru, and Chennai.
Why To Invest in Travel Food Services Limited
Dominant Position in Niche Market: One of India's largest airport F&B service providers with a diversified brand portfolio across formats and cuisines.
Consistent Financial Growth: Revenue grew by 21% YoY in FY25 to 1,762 Cr, while PAT surged by 27% to 379.66 Cr.
High Profitability Metrics: Healthy margins with EBITDA Margin of 40.07%, ROCE at 51.40%, and PAT Margin at 21.54%.
Exclusive Airport Presence: Operates at major Indian airports like Delhi, Mumbai, Bengaluru, and Hyderabad often with long-term contracts.
Strong Promoter Group: Backed by global F&B player SSP Group plc and India-based K Hospitality Corp.
Premium Valuation Support: Pre-IPO EPS of 22.63 and P/E of 48.6x indicates robust profitability in a capital-efficient model.
Anchor Investor Confidence: Raised ?598.80 Cr from anchor investors ahead of IPO, reflecting strong institutional backing.
Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
---|---|---|---|
Assets | 1,902.73 | 1,696.44 | 1,332.32 |
Revenue | 1,762.71 | 1,462.40 | 1,103.58 |
Profit After Tax | 379.66 | 298.12 | 251.30 |
EBITDA | 676.35 | 549.99 | 458.05 |
Net Worth | 1,048.45 | 869.05 | 651.12 |
Reserves and Surplus | 1,040.24 | 869.74 | 651.60 |
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