Travel Food Services Limited is a leading player in Travel Quick Service Restaurant (QSRs) and Lounge Sector.
QSR Business (51.68% of Revenue in FY25)
The company operates 442 Quick Service Restaurants (QSRs) across India and Malaysia, with a strong focus on travel-centric locations. The majority of these outlets are located in airports, while others are strategically positioned along highways.
It secures space at airports through airport concession agreements and has demonstrated a robust contract retention rate of 93.94%, reflecting its ability to renew or regain expiring contracts consistently.
The company’s QSRs are tailored for the travel environment, offering a diverse mix of formats such as fast food outlets, cafés, bakeries, food courts, and bars.
It operates under a mix of regional, international partner brands and its own proprietary brands. As per FY data:
- 54.37% of revenue is generated from partner brands
- 45.63% of revenue comes from Indian (in-house or proprietary) brands
Key Highlights:
- Holds a 26% market share (by revenue) in the Indian Airport Travel QSR segment, according to CRISIL report.
- The Indian Airport Travel QSR market is projected to grow at a CAGR of 17–19% from FY25 to FY34, reaching a size of approximately ₹170–180 billion.
Airport Lounge Business (44.94% of Revenue in FY25)
The company operates a network of 37 airport lounges across India, Malaysia, and Hong Kong, catering to a wide segment of domestic and international travelers.
It has established partnerships — both directly and through third parties — with a range of Lounge Partners, including domestic and international airlines, card networks and issuers, loyalty programs, lounge access programs, and financial institutions.
The lounges are located at 10 airports in India, 3 airports in Malaysia and 1 airport in Hong Kong
Key Highlights:
- The company has an approximately 45% market share (Based on Revenue) in Indian Airport Travel QSR as per CRISIL Report.
- According to the CRISIL Report, the Indian Lounge industry is expected to grow at a CAGR of 22-24% between Fiscals 2025 and 2034 to reach ₹155-165 billion
