B&K Securities expects Travel Food Services to benefit from India's expanding airport network, with new terminals and capacity additions likely to drive steady passenger growth at 1.5-2x GDP
The brokerage believes that TFS' ability to secure and renew airport concessions, combined with rising per-passenger spending, will support consistent growth across its QSR and lounge businesses.
Under the agreement, Travel Food Services will act as the concessionaire for the Domestic Terminal (T1), operating around 11 Travel QSR outlets and one lounge.