GMR pitches duty-free, retail playbook to airports it doesn't own as Indian pax growth cools to 1.3%
With FY26 domestic passenger growth at just 1.3%, GMR Airports is exporting its non-aero platform—duty-free, F&B, commercial leasing—to third-party airports in Europe, West Asia and North America. Targets 16-18% non-aero growth and lifting duty-free spend from $11.5-12 to $15 per passenger.
GMR Airports plans to expand its retail, duty-free and commercial platform to airports it doesn't own across Europe, West Asia and North America as Indian passenger growth slows, targeting 16-18% annual non-aero revenue growth.