Cox and Kings Ltd Net Profit at Rs 135 Crore, 5% Increase in Q1FY16

Cox & Kings Ltd. the leading holidays and education travel group having operations in 22 countries across continents, today announced its financial results for the first quarter FY 16 on August 07^th, 2015.

Q1FY16 Highlights:

Consolidated

• Net Sales up by 5% to Rs 684 crore as against Rs.649 crore in Q1FY15 (computed excluding the Camping division sold last year)

• EBITDA (excl. forex gain/loss) stood at Rs. 333 crore up by 3% (y-o-y) as compared to Rs. 323 crore in  Q1FY15 (computed excluding the Camping division sold last year)

• Net profit grew by 5% to Rs. 135 crore as against Rs.128 crore in the corresponding period last year.

• EBITDA margins stood at 48.7% as against 49.8% in Q1FY15 (computed excluding the Camping division sold last year)

Standalone

• Net Sales up by 16% to t Rs.192 crore as against Rs 166 crore in Q1FY15

• EBITDA for the quarter up by 17% to Rs. 120 crore as against Rs.102 crore in the corresponding period last year

• PAT up by 31% to t Rs.78 crore as against Rs.59 crore in Q1FY15

(Figures in INR Cr)

Management Comments:

Peter Kerkar, Director, Cox and Kings Ltd said, “ Our performance for the quarter was strong despite the high base , partly driven by Leisure India. We are poised to aggressively expand across business lines over the next few years. Each of our businesses have unique and identifiable growth drivers.

Awards and Recognition:

Mr. Peter Kerkar, Director, Cox & Kings Ltd. was honoured by The British Travel and Hospitality Hall of Fame as one of the seven inductees into the Hall of Fame this year. The British Travel & Hospitality Hall of Fame, honors outstanding business achievement in the Travel, Hospitality, Leisure & Tourism sectors.

Subsidiaries:

Meininger Hotels:

Cox & Kings owned Meininger Hotels and Fonciere des Regions, through its subsidiary, Franciere des Murs, signed an agreement for a new Meininger Hotel in Munich.

ABOUT COX & KINGS LTD: (BSE: 533144 | NSE: COX&KINGS)

Cox & Kings Ltd. (CKL) is one of the longest established travel companies in the world since 1758. Headquartered in India, it is the leading holidays and education travel group with operations in 23 countries across 4 continents. In India, Cox & Kings has presence in 149 cities across the country.

A premium brand in all travel related services, the business can be broadly categorised as Leisure Travel, Corporate Travel, Education & Activity Travel, MICE, Trade Fairs, Visa Processing and foreign exchange.

CKL is amongst the largest players with its range of specialist options. Innovative packaging, pricing and marketing have been the hallmarks of its success over the years.

In India, the company has a robust domestic business under the brand name Bharat Deko and is a leading MICE operator out of India. CKL is amongst the major Foreign Exchange providers in the country. The Outbound Tours are segregated into Duniya Dekho (escorted tours), FlexiHols (customised tours), Luxury Escapades (unique & luxurious travel) & NRI (catering to Indians across the world).

CKL also owns Holidaybreak, an education and activity travel group based in UK. It has more than 15 long-established and widely recognised brands. Holidaybreak provides educational and activity trips for school children; worldwide adventure holidays; short breaks in the UK and Europe. Holidaybreak also has a subsidiary in Meininger. It currently operates 16 hotels in 10 European cities.

Over the years the company has won many awards that stand testimony to its excellent service. Recent awards include “Favourite Outbound Tour Operator” awarded by the Outlook Traveller Awards 2014 to Cox & Kings India, “India’s Leading Tour Operator” & “India’s Leading Travel Agency” awarded by the World Travel Awards 2013, “Best UK operator” awarded by The Travel Weekly Awards 2013 to Superbreak, “Best Company providing Foreign Exchange in India” awarded by the CNBC Awaaz Travel Awards 2013.

Peter Kerkar, Director, Cox & Kings Ltd. was honoured by The British Travel and Hospitality Hall of Fame as one of the seven inductees into the Hall of Fame this year. The British Travel & Hospitality Hall of Fame, honors outstanding business achievement in the Travel, Hospitality, Leisure & Tourism sectors.

CKL is one of the founding members of the World Travel and Tourism Council (WTTC), and are members of premier industry associations namely the Travel Agents Federation of India (TAFI), the Travel Agents Association of India (TAAI), Indian Association of Tour Operators (IATO), European Tour Operators Association (ETOA), and the Pacific Asia Travel Association (PATA).