Dreamfolks Faces Turbulence: Shares Dip as Domestic Lounge Services Halted

Dreamfolks has ceased domestic airport lounge services, causing a nearly 5% drop in share value. Despite service haltations, contracts with clients remain active. Challenges with suppliers Adani Digital, Semolina Kitchens, and Encalm Hospitality were noted. The company is exploring new client propositions amid evolving industry dynamics.

Devdiscourse News Desk | New Delhi | Updated: 17-09-2025 17:35 IST | Created: 17-09-2025 17:35 IST

Dreamfolks Faces Turbulence: Shares Dip as Domestic Lounge Services Halted — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

Country:
India

Dreamfolks, a global travel and lifestyle services aggregator, announced it is discontinuing domestic airport lounge services, triggering a nearly 5% drop in the company's share price on Wednesday, reaching Rs 131 on the BSE.

Despite this setback, the company asserts that its contracts with clients remain active and is actively engaging in discussions to explore alternative value propositions for its customers. This move comes amid communications from suppliers such as Adani Digital, Semolina Kitchens, and Encalm Hospitality indicating their intention to discontinue certain services.

According to Liberatha Kallat, Chairperson and Managing Director, the industry is experiencing significant changes as private airport operators are evolving into major lounge aggregators across India. Dreamfolks posted a net profit of Rs 65 crore in the 2024-25 fiscal year on a revenue of Rs 1,292 crore.

(With inputs from agencies.)