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
Delete Comment?
Are you sure you want to delete this comment? This action cannot be undone.
Discussion
Join the discussion!
Log In to CommentNo comments yet. Be the first to share your thoughts!