See revenue growth of 13-15% in H2FY16: Cox and Kings

Cox and Kings is likely to repeat the H1FY16 revenue growth of around 13-14 percent during the second half of the year, says Anil Khandelwal, CFO of the company, adding that the ongoing holiday season is panning out well and the company is witnessing encouraging trends in bookings.   

“The holiday season has brought in lot of demand for domestic as well as outbound holidays. If you look at only the India performance then H2 revenue growth would be in similar range as H1 at 13-15 percent”, Khandelwal says.

Khandelwal specified that the company is now through with the strategic rebalancing of its businesses and no further action is likely on that front.

He pointed out that the company is well on track to reduce its debt by Rs 250-300 crore in FY16 and in this direction has already repaid Rs 165 crore during the H1FY16.

Analysts tracking the company say that Cox and Kings is a natural beneficiary of the increased government focus on tourism. Rising disposable income levels also provide additional boost to the industry.Transcript to follow soon...