Thomas Cook India Limited is a prominent and diversified travel services conglomerate in India, offering a wide spectrum of services including leisure travel, corporate travel, foreign exchange, and visa services. Established in 1881, the company has a rich heritage and has evolved into a leading player in the Indian travel and tourism industry. It provides services such as Foreign Exchange, International and Domestic Holidays, Visas, Passports, Travel Insurance, and MICE (Meetings, Incentives, Conferences, and Exhibitions).
The company operates through several key business segments that contribute significantly to its revenue. These segments include Leisure Travel, Corporate Travel, Foreign Exchange, and e-commerce, with Financial Services and Travel & Related Services being its core. The Travel and Related Services segment, encompassing tour operations, travel management, visa services, and travel insurance, is the primary revenue driver.
Thomas Cook India boasts an extensive network across India and internationally. Originally founded by Thomas Cook in 1881, the company has expanded its reach, with operations extending to over 233 locations in 94 cities across India, Sri Lanka, and Mauritius. This widespread presence allows it to effectively serve a diverse customer base and maintain strong market penetration.
Thomas Cook India has demonstrated notable financial performance in recent years. As of May 23, 2025, its market capitalization stood at ₹7,825.16 Cr.
For the financial year ending March 2025, the company reported strong revenue growth, with sales increasing by 11.51% to ₹8,139.57 crore, up from ₹7,299.35 crore in the previous fiscal year. The fourth quarter of FY25 also showed positive momentum, with sales rising 18.33% to ₹1,968.86 crore compared to ₹1,663.82 crore in the same quarter of the previous year.
- Revenue FY25: ₹8,139.57 crores (11.51% growth year-on-year)
- Net Profit Q4 FY25: ₹64.57 crores (13.96% growth year-on-year)
- Annual Net Profit FY25: ₹254.33 crores
- Market Cap: ₹7,825 crores (as of May 23, 2025)
- 52-week High: ₹264.00
- 52-week Low: ₹118.25
- P/E Ratio: 30.77
- Dividend Yield: 0.27%
While quarterly profitability has shown positive growth, the annual net profit for FY25 experienced a slight decline of 1.81% to ₹254.33 crore from ₹259.03 crore in FY24. However, the strong quarterly performance in Q4 FY25, with a net profit increase of 13.96% to ₹64.57 crore, indicates a positive trend.
Thomas Cook India maintains a stable ownership structure. As of March 2025, promoter holding stood at 63.83%, consistent with the previous quarter. The company is a subsidiary of Fairfax Financial Holdings Limited, operating through its wholly owned subsidiary, Fairbridge Capital (Mauritius) Ltd. This ownership provides strategic direction and stability to the company's operations.
The company is actively pursuing expansion and enhancement of its service offerings and geographical reach. Notable recent developments include:
- European Expansion: Establishment of its first office in the European Union, located in Nicosia, Cyprus. This new subsidiary, Travel Circle International (Cyprus), aims to serve business travelers from multinational and India-based clients, thereby strengthening its global footprint.
- Technological Innovation: Launch of WhatsApp Calling for Forex prepaid card customer support, improving customer service accessibility.
- New Travel Products: Introduction of the 'TravSure' travel program, offering features like emergency rescheduling, financial protection, and 24/7 support.
- Retail Expansion: Inauguration of its first outlet in Siliguri, West Bengal, expanding its retail presence and catering to the growing travel demand from North Bengal and Sikkim.
Thomas Cook India has been recognized with several prestigious industry accolades, underscoring its market leadership and commitment to service excellence. These include:
- 'Masters of Risk - Travel & Hospitality' - India Risk Management Awards 2024
- MICE Tour Operator of the Year - Outbound at SATTE 2024
- Best Tour Operator at India Travel Awards North 2023
- Numerous other awards recognizing digital innovation, risk management, and customer service.
Thomas Cook India's stock has exhibited considerable volatility but has shown strong long-term performance, with its share price appreciating by 181.98% on the BSE over the last three years. The company operates within India's expanding travel and tourism market, which is currently valued at $178 billion and is projected to reach $125 billion by 2027. International tourist arrivals are also forecast to grow significantly.
With its diversified business model, strong brand recognition, extensive distribution network, and strategic focus on both domestic and international markets, Thomas Cook India is well-positioned to capitalize on the burgeoning travel demand. Its recent expansion into European markets and continuous investment in technology and customer service highlight its dedication to sustained growth and market leadership in the dynamic travel industry.
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