Thomas Cook India Reports Record Rs 3,784 Million Profit Before Tax in FY25

Thomas Cook (India) Limited, one of India’s leading integrated travel services companies, has reported its highest-ever consolidated Profit Before Tax (PBT) of Rs 3,784 million for the financial year ending 31 March 2025 (FY25), marking a significant 41 per cent year-on-year growth. The travel major credited robust travel demand, efficient cost management, and strategic initiatives across its businesses for the stellar performance.

The company’s consolidated revenue from operations stood at Rs 32,146 million, registering a 22 per cent increase compared to the previous fiscal year, with Q4 alone contributing Rs 8,073 million, a 12 per cent rise over the same period last year. Profit Before Tax for Q4 surged by 61 per cent to Rs 1,098 million.

A Year of Robust Performance and Recovery

Group Chairman Madhavan Menon called FY25 a “landmark year” for Thomas Cook India Group, highlighting the unprecedented consolidated PBT and the substantial earnings growth of 48 per cent over the pre-pandemic FY19 levels. He noted that these results reaffirm the group’s strategic focus on leveraging technology and innovation, expanding into underserved markets, and managing costs prudently.

Menon said, “Thomas Cook India has delivered another robust performance to wrap up FY25, reporting its highest ever consolidated PBT of Rs. 3,784 millionn. PBT grew an impressive 46 per cent in Q4 FY25 and 10 per cent for the FY25. The FY25 results were driven by strong all-round delivery - with Travel Services EBIT growing by 29 per cent aided by a strong turnaround of Global DMS Companies; Forex growing by 21 per cent.”

Business Segment Highlights

The travel services division, encompassing both Thomas Cook (India) Limited and SOTC, delivered its highest-ever operating profits of Rs 1,399 million for the year, a notable 44 per cent increase over FY24. Growth was powered by the domestic and international leisure travel segments, MICE, and corporate travel.

In a notable strategic move, Thomas Cook entered the 'cruises' segment with a range of offerings under 'India to India', 'India to International', and 'International to International' categories. Additionally, an alliance with VFS Global was formed to simplify visa processing for customers.

The MICE (Meetings, Incentives, Conferences, and Exhibitions) business grew by 43 per cent YoY, supported by key event wins including the B20 Summit and partnerships with organisations such as FICCI and CII.

The foreign exchange business achieved an all-time high income of Rs 2,675 million in FY25, an increase of 11 per cent, with its 'Fx Now' platform contributing over 40 per cent of the revenue in Q4. The forex card segment alone registered a 25 per cent growth.

Meanwhile, the financial services arm, Thomas Cook (India) Financial Services, posted a 16 per cent YoY income growth. Its NBFC division, Tata Capital Forex, and foreign exchange delivery business all contributed to the upward momentum.

Sterling Holiday Resorts: Turnaround Success

Sterling Holiday Resorts, the group’s hospitality arm, demonstrated a remarkable turnaround, posting its highest-ever Operating Profit (Rs 689 million) and PBT (Rs 551 million). Revenue grew 9 per cent YoY to Rs 3,215 million.

This performance was driven by a 10 per cent rise in Revenue Per Available Room (RevPAR), robust holiday and corporate demand, and strategic cost optimisation. The brand expanded with four new resorts in Goa, Dindi, Kodaikanal, and Manali, increasing its portfolio to 48 resorts and over 2,600 rooms across 41 locations.

International Businesses Strengthen Footprint

Thomas Cook India’s international subsidiaries also posted strong results. DEI (Digiphoto Entertainment Imaging), a Dubai-based visual imaging solutions provider, achieved record revenue of Rs 5,013 million and operating profit of Rs 1,463 million. The firm added 40 new sites across six countries, including high-profile partnerships such as Ferrari World and The View at The Palm.

Private Safaris East Africa delivered 53 per cent YoY growth in operating profit, with high traction from key markets like the US and Europe. AlliedTPro, the US-based DMC, recorded an impressive 87 per cent rise in operating profit and an 18 per cent increase in room nights sold.

Asian Trails, operating across Southeast Asia, also achieved positive earnings with a 24 per cent improvement in operating profit year-on-year.

Looking Ahead: Strategic Confidence and Expansion

Mahesh Iyer, Managing Director & CEO Thomas Cook (India) Limited added, “I am proud of the strong all-round performance of the teams across businesses & geographies for FY25. Our focus will remain on enhancing customer experience, digital transformation and cost optimisation. Looking ahead, we remain cautiously optimistic - given recent geopolitical events and the potential effects of global trade wars, etc.”

Among the initiatives underway are the expansion of visa services, enhanced MICE offerings, cruise products, and strengthening of B2B and B2C platforms. Iyer also highlighted the focus on Tier II and III cities as part of the company’s broader growth strategy.

Thomas Cook India ended the year with a healthy balance sheet and robust cash flow, which the management views as a strong foundation for future investments and growth.