GMR pushes duty-free playbook beyond its own airports as Indian passenger growth stalls at 1.3%
With domestic pax growth slowing to 1.3% in FY26, GMR Airports is pitching its non-aeronautical retail and duty-free platform to third-party airports in Europe, West Asia and North America. Targets 16-18% annual non-aero growth and lifting duty-free spend per pax from $11.5-12 to $13-15.
GMR Airports plans to expand its non-aeronautical retail and duty-free platform beyond its own airports, eyeing Europe, West Asia and North America, as Indian passenger growth slows; targets 16-18% non-aero revenue growth annually.