GMR Airports
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Background
From 5 stories, the newest dated 23 Sept 2026. Summary written 3 Oct 2026.
GMR Airports is an Indian airport operator with capacity of about 160 million passengers and a land bank of more than 3,000 acres, according to Jefferies.[1] source: Financial Express
Show 3 more paragraphs and 5 sources
It handled 122 million passengers in FY26.[1] source: Financial Express Jefferies describes a shift toward consumer businesses, duty-free, retail and real estate alongside passenger growth.[1] source: Financial Express Its network includes Hyderabad, Nagpur and Bhogapuram.[2] source: The Hindu BusinessLine
In September 2026, GMR Hospitality won the licence to develop and operate food and beverage outlets at Delhi Airport Terminal 3 under a revenue-share agreement running initially through May 2036.[3] source: CNBC-TV18 Estimated licence fees are ₹49 crore in FY27 and ₹109 crore in FY28.[3] source: CNBC-TV18 GMR Airports reported August 2026 passenger traffic of 94.35 lakh, up 0.9% YoY. Domestic passengers were 71 lakh, down 1.1%, and international passengers were 24 lakh, up 0.5%.[4] source: Business Today A broker note put organic passenger growth excluding Nagpur and Bhogapuram at -2.6% YoY and GHIAL traffic at -11.5% YoY.[2] source: The Hindu BusinessLine
Jefferies rates GMR Airports Buy with a Rs 135 target, implying about 40% upside.[1] source: Financial Express Another broker keeps a Buy rating with a ₹115 target against a market price of ₹95.20.[2] source: The Hindu BusinessLine JM Financial found that GMR Airports' promoter holding increased 0.8% in Q1 FY27.[5] source: Business Today
Sources
Questions about GMR Airports
How fast is GMR Airports growing in India?
GMR Airports reported August 2026 passenger traffic of 94.35 lakh, up 0.9% year-on-year. Domestic passengers were 71 lakh, down 1.1%, and international passengers were 24 lakh, up 0.5%.[4] source: Business Today
What is GMR Airports' current strategy in India?
GMR Airports is moving toward consumer businesses, duty-free, retail and real estate alongside passenger growth, per Jefferies in September 2026.[1] source: Financial Express In September 2026, GMR Hospitality won the Delhi Airport Terminal 3 food and beverage licence through May 2036.[3] source: CNBC-TV18
More stories about GMR Airports
- GMR earmarks $2B to expand Delhi and Hyderabad airport capacity
- GMR’s Bhogapuram airport to open in August 2026, creating a new travel-retail catchment
- GMR widens lead over Adani Airports as Delhi tariff hike powers FY26 revenue to ₹15,200 cr
Stories that mention GMR Airports
5 stories
GMR Airports is named in these stories but is not their subject.
- FedEx commits $400M to India cargo hubs as high-value exports accelerate
- Government says no policy bars airport operators from owning airlines
- India weighs letting airport operators own airlines, opening a route for Adani and GMR
- Citi, UBS, Jefferies stack bullish calls on LG India, Lenskart, GMR, IndiGo
- Temasek, Alpha Wave eye $1.3bn bet on Adani Airports at $18bn valuation