In today’s briefing:
- The Beat Ideas on GMR Airports: Soaring to New Heights with Record Traffic and Strong Growth
- AceVector Ltd Pre-IPO Tearsheet
The Beat Ideas on GMR Airports: Soaring to New Heights with Record Traffic and Strong Growth
- November 2025 traffic hit a record ~11.1 million passengers, up ~7.4% YoY (ex-Cebu). Delhi led with 7.3 million passengers and its highest-ever monthly passenger and aircraft movement volumes.
- Traffic has normalized post infrastructure disruptions. Broad-based growth across Delhi and Hyderabad, alongside ~2.7% YoY YTD international growth, improves visibility on aero and non-aero revenue expansion into FY26–27.
- Focus shifts from recovery to sustainable compounding, led by Delhi and Hyderabad, where domestic scale and rising international connectivity act as structural growth multipliers.
AceVector Ltd Pre-IPO Tearsheet
- AceVector Ltd (3673145Z IN) (AVL) is looking to raise about US$100m in its upcoming India IPO. The deal will be run by IIFL and CLSA.
- AVL is a digital commerce ecosystem comprising (i) Snapdeal, a value-focused lifestyle e-commerce marketplace, (ii) Unicommerce, an e-commerce enablement SaaS platform, and (iii) Stellaro Brands-an omnichannel consumer brands retailing business.
- Together, these businesses cover the entire e-commerce value chain across B2C and B2B segments catering to multiple stakeholders vertically- through both online and offline modes and horizontally.
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