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Press release :  
Cox and Kings Ltd net revenues up 26%, net profit at Rs 128cr in Q1FY15
14th, August 2015

Mumbai, August 14th 2014: Cox & Kings Ltd. the leading holidays and education travel group having operations in 26 countries across continents, today announced its financial results for the first quarter FY 15 (August 14th), 2014.

Q1FY14 Highlights:

Consolidated
  • Net Sales up by 26% to Rs 739 crore as against Rs.586 crore in Q1FY14
  • EBITDA (excl. forex gain/loss) stood at Rs. 351 crore up by 27% (y-o-y) as compared to Rs. 277 crore in Q1FY14. EBITDA margins was 47.6%.
  • Net profit was 128cr. Excl Forex Gain/(Loss), the Net Profit was 116cr, as against Rs.74 crore in the corresponding period last year.

Standalone
  • Net Sales stood at Rs. 166 crore as against Rs 146 crore in Q1FY14
  • EBITDA for the quarter stood at Rs. 102 crore as against Rs.89 crore in the corresponding period last year
  • PAT stood at Rs. 59 crore as against Rs.65 crore in Q1FY14

Cox & Kings operates across three major travel categories – Leisure Tours, Education Travel and Camping Holidays. Below is a breakup of the revenue and EBITDA for Q1 FY14 across the three travel categories –

(Figures in INR Cr)
  Revenue EBITDA
Q1FY15 Q1FY14 Q1FY15 Q1FY14

Leisure

286 253 129 112

Education

252 184 153 109

Meininger

99 57 49 23

Others

11 3 -4 -6

Subtotal (excl Camping)

648 497 327 238

Camping

89 89 24 39

Total

738 586 351 277

Management Comments:
Peter Kerkar, Director, Cox and Kings Ltd said, “Our businesses continue to grow in line with our expectations. The Company is moving forward with its enhanced product portfolio. The Company’s effort in introducing new packages and entering into new geographies has translated well for the Group. Our Education business in particular has been trading very strongly this year.

Awards and Recognition:
  • Won Best Inbound Tour Operator for Western India at the India Travel Awards

Highlights for FY15
  • Cox & Kings sold their Camping Division – Holidaybreak to Homair Vacances, a group that specialises in outdoor holidays and is a major player in France, for a consideration of 89.2 Million Pounds.

About Cox And Kings Ltd: (BSE: 533144 | NSE: Cox&Kings)
Cox & Kings Ltd. (CKL) is the longest established travel company in the world since 1758. Headquartered in India, it is the leading holidays and education travel group with operations in 26 countries across 4 continents. In India, Cox & Kings has 168 offices located 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 & mobile-home and camping holidays on sites throughout Europe.

Over the years the company has won many awards that stand testimony to its excellent service. Among the many awards it has won in 2013 are:
  • ‘India’s Leading Tour Operator’ & ‘India’s Leading Travel Agency’ by the World Travel Awards 2013
  • ‘Best Inbound Tour Operator’ by the TAAI Travel Awards 2013.
  • ‘Best Inbound Tour Operator from UK’ awarded by the Ministry of Tourism, Govt of India (2012-2013)
  • ‘Best Company providing Foreign Exchange Award’ constituted by CNBC Awaaz in 2013

Our camping division, Eurocamp recently won three awards at the annual British Travel Awards.
  • Best Medium Holiday Company to Western Europe
  • Best Medium Holiday Company Family
  • Best Medium Company Camping and Mobile
These awards are based entirely on the results of customer voting.

Superbreak, a subsidiary of Cox & Kings’ Holidaybreak Ltd, the European Education and Leisure specialist group, has won two awards from UK’s well known travel magazine, Travel Weekly:
  • Best accommodation only supplier
  • Best UK operator
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).
***

For further media details, contact:
Cox & Kings Ltd
Mr. Thomas C Thottathil
AVP – Corporate Communications
thomasct@coxandkings.com
Tel: 91-22-22637500
Adfactors PR, Mumbai
Neha Goenka/ Nupur Maheshwari
Tel: 91- 22- 67574444
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