GMR Airports Ltd. closed at ₹99.05 on the BSE, a 1.04% lift after announcing a lucrative F&B licensing deal.
The hospitality arm, GMR Hospitality Ltd., won the contract to operate food and beverage outlets at Terminal 3 of Indira Gandhi International Airport. The agreement will span up to May 2036, with a potential 10‑year extension. Under the revenue‑share model, the company will pay a minimum monthly guarantee and advertising fees in addition to the fee, which is projected at ₹109 crore for FY27‑28, up from ₹49 crore the year before.
The deal adds a steady revenue stream to GMR’s diversified portfolio, following the firm’s FY26 turnaround where it returned to profitability after a loss in FY25.
Saurabh Chawla, Executive Director at GMR Group, said the firm aims for 4–5% passenger growth in FY27, buoyed by new airports in Nagpur and Bhogapuram. He added that non‑aero businesses, particularly real‑estate linked to airports, will drive future earnings.
Market participants note that the licence fee will contribute significantly to operating income, potentially offsetting volatility in passenger traffic. GMR’s share price reflects optimism over the expanded revenue base, and analysts are revising bullish expectations for FY28 earnings.