DreamFolks Q1 FY27: diversification rises, profitability under pressure

For the quarter ended June 30, 2026, revenue from operations was INR 39.0 crores, gross profit was negative INR 0.9 crores, adjusted EBITDA was negative INR 16.4 crores, and PAT was negative INR 13.8 crores (consolidated, as presented).

Management attributed the negative gross profit primarily to upfront minimum guarantee payments made to support expansion of the global lounge business, which it expects to recover as transaction volumes scale in coming quarters.

Management stated that non-airport lounge services contributed approximately 33% of topline during Q1 FY27, reflecting progress in diversification beyond traditional airport lounge access.

The company stated it had 1,100+ global airport lounges by the end of the quarter, after adding 70+ lounges during Q1 FY27.

In the earnings call Q&A, management said it expects to reach breakeven by next year, as global lounges, golf and other services scale up and newer client programs build user awareness and usage.

Management said DF Club Membership has three tiers and that the higher-end tier priced at INR 50,000 is selling more; it cited an average price across tiers of about INR 30,000 and described the initiative as relatively new with marketing efforts recently ramping up.