SpiceJet Reports Q2 FY26 Results, Prepares for Strong Winter Recovery

SpiceJet Reports Q2 FY26 Results, Prepares for Strong Winter Recovery

By Manu Vardhan Kannan

Published on November 15, 2025

SpiceJet has announced its financial results for the quarter ended September 30, 2025 (Q2 FY26), reporting a consolidated net loss of INR 447.7 crore (ex-forex), compared to INR 424.26 crore in Q2 FY25. The airline attributed the results to recalibrating dollar-based obligations, carrying costs of grounded aircraft, and expenses related to the restoration of aircraft to service during the quarter.

Despite the traditionally weak monsoon period, SpiceJet maintained a strong Passenger Load Factor (PLF) of 84.3%, showcasing steady passenger demand. Passenger Revenue per Available Seat Kilometre (RASK) improved to INR 4.04 from INR 3.91 in the previous year, while EBITDAR (ex-forex) stood at INR (203.8) crore against INR (58.87) crore in Q2 FY25.

The airline also advanced its ambitious fleet ramp-up programme, finalising damp lease agreements for 19 aircraft and restoring two grounded aircraft to service. Under the winter 2025 schedule, SpiceJet plans to more than double its operational fleet and triple its Available Seat Kilometres (ASKM). It also became the first Indian airline to launch non-stop flights to Najaf, Iraq, expanding its daily operations to 250 flights — more than twice the summer schedule.

Financially, the airline strengthened its balance sheet through several key milestones. It secured a liquidity boost of $89.5 million following a settlement with Carlyle Aviation Partners, unlocking $79.6 million in cash maintenance reserves and $9.9 million in credits. SpiceJet also completed the full repayment of $24 million to Credit Suisse, improving its financial flexibility. The airline’s credit ratings were upgraded consecutively by Acuité (BB Stable) and CRISIL (A4+), reflecting growing confidence in its turnaround strategy.

SpiceJet also achieved zero Level 1 findings in DGCA safety audits over the past year and signed an interline agreement with Gulf Air to enhance international connectivity.

Ajay Singh, Chairman and Managing Director, SpiceJet, said, “The September quarter was a period of consolidation and groundwork for our next phase of growth. While the results reflect short-term costs related to fleet revival and expansion, these are strategic investments that will yield results from the current quarter onward. With aircraft additions and an expanding network, SpiceJet is on a clear trajectory towards stronger operational and financial performance in the second half of the year.”

He added, “Our load factor of over 84% underscores strong demand. With the winter schedule now live and high-yield routes in play, Q3 marks the start of a new chapter of scale, strength, and profitability for SpiceJet. We are also pleased to welcome Sanjay Kumar as Executive Director, his leadership will drive our next phase of transformation.”


Candy Bounce Brings India’s Biggest Candy Themed Inflatable Park to Coimbatore

Candy Bounce Brings India’s Biggest Candy Themed Inflatable Park to Coimbatore

By Manu Vardhan Kannan

Published on January 14, 2026

Coimbatore is all set to turn into a world of colour, energy, and excitement with the arrival of Candy Bounce, India’s biggest candy-themed inflatable bounce park. Designed and curated by Global Media Box and brought to the city by Pressana Infra, this global attraction marks the first-ever introduction of the Candy Bounce concept in India. The park has been launched at Golden Grove by Pressana Infra in Nanjundapuram, adding a fresh and vibrant entertainment option to the city.

Spread across an expansive area of over 30,000 square feet, Candy Bounce transforms playtime into a lively candy universe filled with oversized sweets, ice-cream-inspired inflatables, and interactive play zones. Conceptualised as a safe, high-energy, and family-friendly destination, the park caters to visitors of all age groups, making it an ideal outing for children, teenagers, and families.

Inside the park, visitors can enjoy a wide variety of inflatable attractions where they can slide, bounce, jump, climb, crawl, and explore creatively designed play areas. One of the major highlights is the Candy Obstacle Run, an engaging challenge course that combines fitness with fun and adventure, offering an exciting experience for both teens and adults while also encouraging active play.

Beyond its entertainment value, Candy Bounce also serves as a lively social and relaxation space. With colourful installations and playful candy-themed setups, the park offers a visually engaging environment that appeals to families, youngsters, influencers, and photography enthusiasts looking to capture memorable moments.

Envisioned as a pan-India experiential entertainment property, Candy Bounce aims to boost domestic tourism through immersive and interactive attractions. Following its debut in Coimbatore, the park is planned to travel across major cities including Chennai, Hyderabad, Bengaluru, and other destinations, bringing this unique candy-themed experience to audiences across the country.

Poised to become one of Coimbatore’s most exciting seasonal attractions, Candy Bounce promises a delightful mix of fun, fitness, and fantasy, all packed into one giant inflatable park.


Parag Milk Foods’ Akshali Shah Shares Expectations from Budget 2026 for Dairy and FMCG Sectors

Parag Milk Foods’ Akshali Shah Shares Expectations from Budget 2026 for Dairy and FMCG Sectors

By Manu Vardhan Kannan

Published on January 14, 2026

As Budget 2026 approaches, the dairy and FMCG sectors are closely watching policy direction, particularly around infrastructure, rural demand, and consumption growth. Sharing her perspective on the upcoming budget, Akshali Shah, Executive Director, Parag Milk Foods, emphasised the importance of sustained focus on agriculture and dairy as key pillars of India’s growth story.

She highlighted that strengthening dairy infrastructure, improving farm productivity, and expanding milk collection can significantly enhance efficiency and global competitiveness. According to her, investments in modern processing technology, organised supply chains, and better farm practices are essential to support farmers, reduce wastage, and position Indian dairy products more strongly on the global stage.

Commenting on taxation reforms and consumption trends, Akshali Shah said, “Ahead of Budget 2026, a continued focus on the dairy and agriculture sector, particularly on strengthening infrastructure, improving farm productivity, and expanding milk collection, can help the sector become more efficient and globally competitive. Investments in modern processing technology, organised supply chains, and better farm practices will not only support farmers and reduce wastage but also give the Indian dairy sector greater global reach and recognition for quality products.”

She further noted that GST and other tax reforms have played a positive role in supporting consumption patterns. While urban demand is showing signs of recovery, she pointed out that rural consumption continues to require policy support due to inflationary pressures and monsoon-related uncertainties.

Sharing her expectations from the upcoming budget, she added, “Reforms in GST and other taxation have played a positive role in supporting consumption patterns over the past year. Boosting consumption remains an important ask from the FMCG sector. While urban demand is showing signs of recovery, rural consumption, though resilient requires continued policy support, especially in the face of monsoon risks and inflationary pressures.”

Looking ahead, Akshali Shah expressed optimism that Budget 2026 will continue to strengthen agricultural and dairy infrastructure, while encouraging the adoption of modern technology. She stressed the importance of incentives for modern processing facilities, expansion of cold-chain logistics, and improved access to credit for farmers to build a more resilient and competitive sector.

She concluded, “Looking ahead, we hope Budget 2026 will continue to strengthen agricultural and dairy infrastructure, support rural development, and encourage the adoption of modern technology. Initiatives such as incentivising modern processing facilities and expanding cold-chain logistics can help improve milk availability, product quality, and overall efficiency. By building on recent progress and supporting farmers with better access to credit and resources, the sector can become more resilient, competitive, and capable of meeting growing consumer demand.”


Cinépolis India Launches ‘Blockbuster Food Festival’ Nationwide

Cinépolis India Launches ‘Blockbuster Food Festival’ Nationwide

By Hariharan U

Published on January 13, 2026

Cinépolis India has announced the launch of the Blockbuster Food Festival (BFF), a three-month, pan-India food and beverage initiative rolled out under its FOOVIES platform. The campaign, which went live from 1 January 2026, will run across 80+ Cinépolis locations in over 40 cities, serving as a large-scale testing ground for menu innovation.

As part of the festival, Cinépolis is introducing 21 new food items, with select dishes rotating monthly through the January–March period. Based on consumer response and performance, the most popular offerings will be inducted into the permanent FOOVIES menu at the end of the campaign.

The initiative builds on FOOVIES, Cinépolis India’s food-and-movies platform launched earlier this year, aimed at positioning cinema dining as a core part of the movie-going experience. With 491 screens across 41 cities, the brand is leveraging its national footprint to gather real-time consumer insights at scale.

India’s F&B-to-ticket spend ratio currently stands at 50–55 percent, significantly lower than the global average of nearly 100 percent. This gap presents a clear opportunity for growth, and Cinépolis sees continuous menu innovation as a key lever to unlock higher in-cinema spending.

F&B already contributes around 30 percent of our revenue, but we are only at the beginning,” said Devang Sampat, Managing Director, Cinépolis India. “Audiences are increasingly viewing food as part of the cinema experience, not an add-on. The Blockbuster Food Festival allows us to test what works at scale. What our patrons love will stay. That’s the FOOVIES approach, innovate, listen, and build around consumer preference.”

The festival menu features a mix of regional comfort foods and indulgent desserts, including Desi Chicken Keema with Kulcha, Hot Garlic Kurkure Momos, Dal Vada Tikki, Potato Bomb, and Peanut Butter Cheesecake. New items will continue to be introduced during the festival period to keep the offering fresh and engaging.

With the Blockbuster Food Festival, Cinépolis India is reinforcing its focus on elevating the in-cinema dining experience while driving higher engagement and spend, positioning food as an integral part of the modern movie outing.

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