Travel Food Services Q1 PAT Up 35.6% YoY

| Particulars | Q1FY27 | Q1FY26 | YoY Growth |

| System-wide Sales | 8,437 | 7,151 | 18.0% |

| Consolidated Sales | 4,522 | 3,751 | 20.6% |

| Consolidated PAT | 1,288 | 950 | 35.6% |

| PAT Margin | 28.5% | 25.3% | 315bps |

System-wide Sales Growth (18.0% YoY):

Net contract gains were 15.9% YoY at system-wide level, driven by mobilization of new units
87 new Travel QSR outlets and 2 Lounges added across the network in last 12 months
Key unit additions at Mumbai, Delhi, Hyderabad, Cochin, Navi Mumbai and Noida airports
Like-for-like (LFL) sales growth was 0.8% YoY at system-wide level
LFL growth moderated by temporary factors including traffic migration to newer airports/terminals and impact of Middle East conflict on Southern India airports
Excluding affected markets, system-wide LFL sales growth was approximately 7.0% YoY
Overall passenger traffic at TFS-managed airports was broadly flat YoY in Q1FY27

Consolidated Sales Growth (20.6% YoY):

Net contract gains of 20.2% YoY driven by mobilization of new units at TFS consolidated airports
New units added at Delhi Airport (Terminal 1 and Terminal 2), Cochin Airport (Domestic Terminal 1), and Noida Airport
LFL sales growth of 4.2% YoY impacted by moderation in passenger traffic at certain airports due to Middle East conflict
Impact offset by menu innovation initiatives, targeted promotions and calibrated premiumisation strategies

PAT Performance (35.6% YoY growth):

PAT margin expanded to 28.5% from 25.3% in prior year
Growth supported by sales growth and higher other income
Other income included partial write-back of GST provisions of Rs. 131 million following favorable order received during quarter

System-wide presence expanded to 21 airports as of June 2026 (up from 18 airports as of June 2025)
Commenced operations at Noida International Airport during quarter
Started operations at Cochin Airport (Domestic Terminal 1) and Navi Mumbai Airport in last 12 months
Travel QSR outlets portfolio increased to 541 outlets system-wide as of June 2026
Added 23 outlets during quarter and 87 outlets in past 12 months
Lounge network: 39 Lounges system-wide as of June 2026
Launched Travel Club Lounge at Noida and Cochin airports, and KYRA lounge at Hong Kong International Airport in last 12 months
Brand portfolio grew to 153 brands as of June 2026 (up from 130 as of June 2025)
Added 23 brands in last year spanning in-house concepts, local favorites, and global brands

Noida International Airport commenced commercial operations with six TFS Travel QSR outlets and one Lounge
Launched passenger services under 'Elite Assist' brand at Noida International Airport (meet-and-greet and porter services)
Company intends to progressively expand Elite Assist services across additional airports
Won 10 honors at FAB 2026 Awards hosted by Bangalore International Airport Limited in July 2026
Awards included 9 Asia Pacific regional wins across sustainability, F&B innovation, and marketing categories
Won overall FAB Superstars Star Team (Back of House) award

Mr. Varun Kapur, Managing Director and CEO, commented:

Q1FY27 was a strong quarter with double-digit sales and profitability growth despite challenging operating environment
Performance reflects benefits of ongoing network expansion and continued focus on operational excellence
Commenced operations at Noida International Airport with multiple Travel QSR outlets, airport's first Lounge, and new passenger-facing services
Company has demonstrated ability to navigate periods of volatility through operational agility and disciplined execution
Expect passenger traffic and consumer spending trends to recover quickly following geopolitical events
Expect similar recovery as geopolitical uncertainties ease
Focus areas: driving productivity across existing network, accelerating ramp-up of newly opened locations, progressing development of new units pipeline, enhancing customer experience, scaling emerging service offerings
Initiatives position company well to deliver sustained growth and create long-term value for stakeholders

Expect passenger traffic growth to improve strongly in second half of financial year as operating conditions normalize
Near-term focus: disciplined execution, prudent cost management, and operational efficiency
Long-term growth drivers of Indian aviation remain intact: rising air travel penetration, continued airport infrastructure expansion, increasing connectivity, growing propensity to travel

System-wide numbers include TFS, its subsidiaries, associates and joint ventures
LFL (Like-for-Like) sales growth refers to growth in revenues from outlets opened for at least 12 months
Net Contract Gains represent revenue in outlets open for less than 12 months