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Press Release-Results Q3 - FY 15

Cox and Kings Ltd net revenues (excluding discontinued operations) up 12%

Mumbai, February 13th 2015: Cox & Kings Ltd. the leading holidays and education travel group having operations in 23 countries across four continents, today announced its financial results for the third quarter FY 15 December 31st, 2014.

Q3FY15 Highlights:

Consolidated excluding the discontinued operations of camping division:
  • Net Sales up by 14% to Rs. 466 crore as against Rs. 408 crore in Q3FY14.
  • EBITDA (excl. forex gain / loss) stood at Rs. 152 crore increased by 45% (y-o-y) as compared to Rs 105 crore in Q3FY14.
  • PAT stood at Rs. (-)14 crore as against Rs. 30.91 crore in Q3FY14

  • Net Sales up by Rs. 110 crore as against Rs. 95 crore in Q3FY14
  • EBITDA (excl forex gain/loss) for the quarter up by 14% to Rs. 49 crore as against Rs.43 crore in the corresponding period last year
  • PAT up by 24% to Rs. 31 crore as against Rs. 23 crore in Q3FY14

9M FY 15 Highlights:

Consolidated excluding the discontinued operations of camping division:
  • Net Sales up by 20 % to Rs. 1,717 crore as against Rs.1,434 crore in 9MFY14
  • EBITDA (excl. forex gain/loss) up by 19 % (y-o-y) to Rs. 757 crore as compared to Rs. 637 crore in 9MFY14

  • Net Sales up by 15 % Rs. 376 crore as against Rs 326 crore in 9MFY14
  • EBITDA (excl. forex gain/loss) for the quarter up by 15% to Rs. 197 crore as against Rs. 171 crore in the corresponding period last year
  • PAT up by 11% to Rs. 122 crore as against Rs. 105 crore in 9MFY14

Cox & Kings operates across two major travel categories – Leisure Tours and Education Travel. Below is a breakup of the revenue and EBITDA for Q3FY15 and 9M FY15 across the these travel categories –

(Figures in INR Cr)
  9MFY15 9MFY14 % growth Q3FY15 Q3FY14 % growth


836 789 6% 265 270 -2%


543 453 20% 92 86 6%


274 175 56% 81 31 163%


64 17 284% 30 8 270%

Total excl Camping

1717 1434 20% 466 395 18%


355 378 -6% 0 12 -100%

Total incl Camping

2072 1812 14% 466 407 15%

  9MFY15 9MFY14 % growth Q3FY15 Q3FY14 % growth


380 351 8% 111 108 3%


294 222 32% 25 21 22%


113 80 42% 19 14 36%


-30 -16 88% -3 -5 -34%

Total excl Camping

757 637 19% 152 138 11%


201 199 1% 0 -33 -100%

Total incl Camping

957 836 15% 152 105 45%

Management Comments:
Peter Kerkar, Director, Cox and Kings Ltd said, “Our business continues to grow in line with our expectations. In terms of expansion we have added a second centre to PGL Australia in Rumbug and we announced the tie-up between Meininger and Fonciere des Region.’’

Highlights for FY15
  • PGL, owned by CKL, adds second centre to its Australian operations at Rumbug.
  • MEININGER Hotels, owned by CKL and Foncière des Régions agree on a strategic investment

Packages and offers
  • `Grab Your Dream’ Season 2 launched as the hunt for Travel Adventurers
  • Cox and Kings launched its 2015 Summer special offers for USA, Europe, Far East and Exotic destinations.

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 23 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.

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.

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
Tel: 91-22-22637500
Adfactors PR, Mumbai
Neha Goenka/ Nupur Maheshwari
Tel: 91- 22- 67574444