Mumbai: Thomas Cook (India) Ltd revenue in Q4 grew by 31 per cent, with a corresponding increase of 20 per cent for the year ended December 2011. The Outbound Leisure and MICE businesses have been key contributors, with an impressive revenue growth of 52 per cent for Q4 and 53 per cent over the previous financial year.
Passenger numbers for the outbound group segment have shown a record increase of 66 per cent for the year. Transactions for the Foreign Exchange vertical have increased by 17 per cent over the previous year.
Improved margins and aggressive expansion, via a combination of owned shops and franchisee partners, primarily in the Tier II and III markets, has played a significant role. Innovation in the Leisure product-service portfolio covering a range of price points, has given further impetus to the outbound growth.
Despite volatility in the global currency markets, the Foreign Exchange business has registered growth of 23 per cent for the quarter.
Commenting on the results, Madhavan Menon, Managing Director, Thomas Cook (India) Ltd said, "Despite the challenging environment, Thomas Cook (India) Ltd. has delivered impressive results with robust revenue growth of 20 per cent and net profit growth of 19 per cent for the financial year. Both our key businesses of Leisure Outbound and Foreign Exchange have performed exceptionally well and we continue to see strong growth in our forward bookings for the upcoming holiday season."
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