Travel Food Services earnings calls.

Travel Food Services delivered resilient Q4 and FY26 results despite multiple sectoral disruptions. Full-year revenue from operations grew 13.9Current 13.9 crore vs previous available quarter 18.3 crore.% YoY to INR 1,650 croreCurrent reported value: INR 1,650 crore. No comparable prior figure is available in the source record., with EBITDA expanding ~240bps to 39.4% marginCurrent 39.4% margin. Reported change: +30bps YoY. and PAT up 21.4Current reported value: 21.4. No comparable prior figure is available in the source record.% to INR 450 croreCurrent reported value: INR 450 crore. No comparable prior figure is available in the source record.. The company's commercial model proved robust—systemwide sales surged 25.4% while airport traffic grew only 1.2%, demonstrating strong operating leverage. Network expansion continued with 76 new units mobilized; 20 airports now host 550+ outletsCurrent 550+ outlets. Reported change: +76 units YoY.. International lounge strategy is gaining traction with Hong Kong second lounge and Dubai subsidiary established. Gross margins improved to 84.7% (FY26) from 81.7%, driven by procurement efficiencies and premiumization. Trade receivables spiked ~INR 100 crore due to EAT platform ramp-up but expected to normalize by H1 FY27. Balance sheet remains pristine—zero debt with INR 844 crore cash. Near-term risks include Middle East geopolitical tensions impacting Gulf routes and international traffic, though management sees improving May trends. Long-term structural drivers remain intact with 50+ committed outlets in pipeline and capex guidance of INR 50-60 crore annually.