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Signed, sealed, delivered: Delhivery’s Q2 payoff
Business Standard
|October 13, 2025
Record orders and rising profitability show the network hitting full stride
‘The surge in e-commerce transactions during the festival season is proving a tailwind for logistics companies and should be reflected in stronger 2025-26 (FY26) July-September quarter (Q2) results.
‘The pickup in deliveries is lifting volumes, while higher operating leverage could improve margins. Among the key beneficiaries is Delhivery, India’s largest third-party express parcel logistics firm, with a market share of over 20 per cent.‘The company recently said it handled a record 104.4 million e-commerce and freight shipments in its transport network and moved goods worth %19,500 crore in the first phase (September) of the festival period.
ICICI Securities, after its channel checks, estimates that e-commerce growth accelerated 15-20 per cent year-on-year (Yo-Y) in Q2FY26, helped by lower income taxes, reduced goods and services tax (GST) rates, and strong festival demand.
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