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Cox & Kings Eyes Double Digit Topline Growth In Domestic Market
Evolving businesses like traditional leisure and education business to report muted growth for Cox & Kings.
21 Nov 2017, 07:35 PM IST 
People descend a flight of stairs as a Korea Train Express (KTX) Sancheon high-speed train, waits for departure at Seoul Station in Seoul, South Korea. (Photographer: SeongJoon Cho/Bloomberg)
Volume expansion outside India, favourable exchange rate and stronger rupee versus the pound led to a three-fold jump in Cox & King’s margins in the last quarter, Group Chief Financial Officer Peter Kerkar said.
He expects the travel company’s domestic revenue to increase 15-16 percent while and operating income may rise 8-10 percent growth aided by strength in the Indian market and expansion of its key Meininger Hostels.
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