Delhi airport swings to ₹477 cr profit as non-aero revenue hits ₹3,607 cr
DIAL's FY26 turnaround is built on retail and F&B, not flights. Non-aero now drives 81% of net income, with retail up 9% and F&B up 18% even as air traffic slipped 1%. Spend per passenger reached ₹1,063, validating GMR's 'mall in an airport' play ahead of Aerocity expansion.
Delhi airport swung to ₹477 cr profit in FY26, powered by non-aero revenue of ₹3,607 cr (81% of net income). Retail grew 9% and F&B 18%, reinforcing GMR's 'mall in an airport' model with Aerocity expansion ahead.