India is recognised as one of the most popular travel destinations worldwide. It has led the country’s tourism and hospitality industry to become a major growth driver in the services sector. With tourism being a key source of foreign exchange, India’s industry holds significant potential. In 2021, the travel and tourism sector contributed US$ 178 billion to the GDP, and it is projected to reach US$ 512 billion by 2028. By 2029, the sector is expected to generate ~53 million jobs. In this article, check the best travel stocks in India for January 2025, based on the net profit margin.
| Name | Market Cap (₹ in crore) | Net Profit Margin (%) | 1Y Return (%) | 5Y CAGR (%) |
| Easy Trip Planners Ltd | 5,365.74 | 16.93 | -33.89 | – |
| Tbo Tek Ltd | 18,506.52 | 14.27 | 23.94 | – |
| India Tourism Development Corp Ltd | 5,716.10 | 12.82 | 44.71 | 17.67 |
| ECOS (India) Mobility & Hospitality Ltd | 1,578 | 11.00 | -40.65 | – |
| Thomas Cook (India) Ltd | 8,534.69 | 3.48 | 14.22 | 24.25 |
Note: The best travel stocks in India listed here as of market cap with above ₹1,000 crore and are sorted based on the net profit margin. The data is as of January 10, 2025.
Easy Trip Planners provides a comprehensive range of travel-related products and services under the “Ease My Trip” brand. It offers end-to-end travel solutions, including airline tickets, hotels, holiday packages, rail and bus tickets, taxis, and value-added services like travel insurance, visa processing, and tickets for activities and attractions.
In H1 FY25, the company reported revenue from operations of ₹2,972.7 million, compared to ₹2,657.5 million in H1 FY24. The Profit After Tax (PAT) for H1 FY25 was ₹607.3 million, down from ₹728.6 million in H1 FY24.
Key metrics:
TBO Tek Ltd is involved in the business of operating multiple online technology platforms and offering access to book global travel inventory aggregated through travel suppliers like airlines, hotels, etc. In H1 FY25, revenue from operations was ₹869 crore, up 25% YoY from ₹697 crore. PAT stood at ₹121 crore, reflecting a 17% YoY growth from ₹103 crore, with a PAT margin of 14%.
Key metrics:
India Tourism Development Corporation Ltd, established in October 1966, is a Government of India undertaking. The company operates hotels and restaurants, offers transport services, produces and sells tourist publicity literature, and provides entertainment and duty-free shopping facilities to tourists. In H1 FY25, revenue from operations was ₹23,856.59 lakh, dropping from ₹24,920.37 lakh in H1 FY24. Net profit stood at ₹3,536.37 lakh, which declined from ₹3,619.68 lakh in H1 FY24.
Key metrics:
ECOS (India) Mobility & Hospitality Limited is a chauffeur-driven car rental service provider in India. In H1 FY25, revenue from operations was ₹3,084.76 million, up 14.88% YoY from ₹2,685.13 million. PAT stood at ₹292.53 million, with a 3.82% YoY drop from ₹304.14 million.
Key metrics:
Thomas Cook provides a broad spectrum of services that include corporate travel, foreign exchange, MICE, leisure travel, visa & passport services, etc. The company’s total income from operations increased by 10% to ₹41,764 million for H1 FY25, compared to ₹37,937 million in H1 FY24. Consolidated PBT rose by 26% to ₹2,136 million in H1 FY25, from ₹1,689 million in H1 FY24.
Key metrics:
The travel market in India is forecasted to grow from an estimated US$ 75 billion in FY20 to US$ 125 billion by FY27. The Indian airline sector, valued at ~US$ 20 billion, is expected to double by FY27, supported by enhanced airport infrastructure and better access to passports.
The Indian hotel market, including domestic, inbound, and outbound, was estimated at around US$ 32 billion in FY20 and is projected to reach about US$ 52 billion by FY27, driven by increasing demand from travellers and the efforts of travel agents. By 2028, international tourist arrivals are anticipated to hit 30.5 billion, generating over US$ 59 billion in revenue.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 11, 2025, 8:55 AM IST
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