Cox & Kings Ltd.

NSE: COX&KINGS | BSE: 533144 | ISIN: INE008I01026 | Industry: Travel Support Services
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ICICI Securities Limited
During FY19, the company's leisure international revenues increased 23% YoY mainly on the back of improving domestic spend and higher growth in foreign tourist arrival. On the other hand, domestic leisure segment got impacted, to some extent, with disruption in the airline industry. This, in turn, led to annual growth of 5.8% YoY only. Going forward, with improved tourism measures by the government and improved purchasing power, we expect domestic leisure business to continue to outperform in coming years. Hence, we expect leisure revenues to grow at a CAGR of 7-8% in FY19-21E....
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