GMR Hospitality wins Delhi Airport F&B deal.

GMR Airports Limited

said its subsidiary GMR Hospitality has secured the food and beverage outlets contract at Terminal 3 of Delhi Airport. Estimated license fees are about ₹49 crore in FY27 and ₹109 crore in FY28. The licence covers design, financing, development, operation and maintenance of F&B outlets at IGI Airport Terminal 3. The initial term runs up to May 2036 and can be extended by 10 years. Fees follow a revenue-share model with a minimum monthly guarantee payable to DIAL. The key figures are the estimated ₹49 crore fee in FY27 and ₹109 crore in FY28. This adds to non-aeronautical revenue streams at Delhi Airport. Airport peers such as Adani Airports, AAIB and other operators may see limited direct impact. Near-term price support is possible on the contract win. Risks include passenger traffic fluctuations affecting actual revenues. Competitors listed: Adani Enterprises, AAIB, IRCTC. We have no financial interest in this news.