What was Thomas Cook's revenue in Q4 FY26?

Thomas Cook reported revenue of ₹1,777 Cr in Q4 FY26, a -10% change year-over-year.

Did Thomas Cook management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Thomas Cook Q4 FY26 Research Workspace: Revenue ₹1,777 Cr (-10%)

Revenue ₹1,777 Cr -10%

EBITDA —

PAT ₹31 Cr

EBITDA Margin —

Duration 75 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Thomas Cook India reported a 10% YoY decline in Q4 FY26 consolidated revenue to ₹1,777 crore, heavily impacted by geopolitical disruptions (US-Iran conflict, Pulwama aftermath) that truncated key travel seasons. The travel segment EBIT fell 11% for the full year to ₹2,218 crore, with Desert Adventures (Middle East DMS) revenue halving. Financial services held up better, with Q4 EBIT up 17% to ₹392 crore and margins at 48%. Sterling Resorts delivered a record Q4 with 14% revenue growth and 18% PBT growth, but DI posted a ₹10 crore EBIT loss due to March collapse. Management guided short-haul and domestic growth but warned long-haul weakness persists. Risk: further escalation in Middle East could delay recovery in high-margin long-haul and DMS businesses.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Prolonged geopolitical disruption in Middle East

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Quarter Snapshot

Short-haul holiday bookings growth (Q4) 21%

+21% YoY

Short-haul destinations like Vietnam, Cambodia drove growth; long-haul subdued.

Sterling Resorts RevPAR growth (Q4) ₹6,347

+16% YoY

Occupancy improved to 64% despite 20% room inventory increase.

Forex digital transaction growth (Q4) 65%

+65% YoY

Website transactions grew 65%; app transactions up 4.9x.

Desert Adventures revenue decline (Q4) -50%

-50% YoY

Middle East DMS unit halved due to war and absence of large MICE events.

Fast read

Guidance and risk preview

Top guidance Sterling Resorts to cross 95 resorts and 4,500 rooms by FY27

More than 20 signups in pipeline; focus on tier 2/3 leisure corridors.

Top risk Prolonged geopolitical disruption in Middle East

Further escalation could delay recovery in long-haul travel and DMS businesses, especially Desert Adventures.