Delhivery’s strong quarterly results led to its stock touching a 52-week high of ₹455. Following this, analysts from Motilal Oswal and UBS raised their target prices. Motilal Oswal now sees the stock at ₹480, while UBS targets ₹500.
This came as the logistics giant posted its fifth consecutive profitable quarter in April–June FY26. Net profit rose 68.5% year-on-year, reaching ₹91 crore, compared to ₹54 crore a year earlier. Revenue grew by 6%, hitting ₹2,294 crore. Meanwhile, EBITDA jumped 53% to ₹149 crore, with margins improving from 4.5% to 6.5%.
What’s Driving the Growth
Delhivery’s growth is being driven by several factors. These include an increase in express parcel volumes and the successful integration of Ecom Express. Additionally, the company is scaling up new services like Delhivery Direct and Delhivery Rapid.
Its quick commerce dark-store network is expanding, and a cross-border economy service for SMEs is also in the pipeline. These developments are helping the company reach new customer segments and improve service quality.
Strategic Move: Ecom Express Deal
Delhivery received CCI approval to acquire a 99.4% stake in Ecom Express for ₹1,407 crore. This acquisition strengthens its last-mile delivery system and enhances its e-commerce logistics network.
The deal is already boosting operational efficiency and overall performance, making it a critical part of Delhivery’s growth strategy.
Rising Market Competition
Delhivery faces stiff competition from companies like Blue Dart, Xpressbees, DTDC, and FedEx India. These players dominate express delivery and warehousing services.
For instance, Blue Dart recently launched a major logistics hub in Delhi and now manages around 8% of India’s online parcel traffic.
On the other hand, Amazon, Flipkart, and Meesho now handle 82% of deliveries in-house. This trend is forcing third-party players like Delhivery to innovate and form new partnerships to stay relevant.
Future Plans and Opportunities
Looking ahead, Delhivery plans to launch cross-border delivery services for small exporters. It is also expanding its rapid delivery network and developing AI-based transport management through its new platform, Transport One.
These moves reflect the company’s intent to stay ahead in a fast-evolving logistics landscape.
Conclusion
Delhivery is growing steadily through a mix of consistent profits, service expansion, and strategic acquisitions. Its success with Ecom Express, innovation in delivery services, and forward-looking plans position it as a major force in India’s logistics sector.
