Travel Food shares surge nearly 4% on bagging license for F&B outlets, lounge in Cochin International Airport

This follows the company bagging a letter of award (LoA) from Cochin International Airport for setting up, operating, maintaining, and managing food and beverages outlets, lounge, and bar in the security hold area of the domestic terminal, T1.

Under the tender, TFS will be the concessionaire for T1 and operate a total of 12 units, comprising 11 travel quick service restaurants (QSRs) and one lounge, subject to necessary approvals.

The company has been granted the license for a period of five years, and it can be extended for an additional two years.

While the firm didn’t provide financial specifications, it said that the payment of license fees and minimum guarantee amount were as per the terms of the LOA.

Cochin International Airport is the eighth busiest airport in India, with an annual passenger traffic of over 11 million passengers in FY25.

Commenting on the announcement, Varun Kapur, Managing Director and CEO, Travel Food Services Ltd, said: “We are proud to have been awarded the concession to operate the Travel QSRs and Lounge at the Cochin Airport’s Domestic terminal (T1), which is one of the busiest airports in India with strong growth potential.”

“TFS now increases its presence to 14 of the 15 largest airports in India, and this win reflects the strength of the TFS franchise and technical expertise. TFS plans to bring an exciting mix of brands to the Cochin Airport and looks forward to creating a delighƞul travel experience for passengers,” Kapur added.

Stock of Travel Food Services was trading 1.31% higher at ₹1,279.70 per equity share, as of 1:54 pm.

While the share hit a 52-week high of ₹1,340.10 apiece on September 4, 2025, it reached a low of ₹1,008.50 apiece on August 4, 2025.

TFS has a total market capitalisation of ₹16,851.02 crore, as of September 12, 2025, according to data on the NSE.

The company was listed on the bourses on July 15, 2025, at a premium of 2.27% at ₹1,125 apiece on the NSE, against an issue price of ₹1,100 per share.