Delhivery, India’s leading logistics and supply chain services company, saw its shares jump nearly 5–6% on Monday, August 4, 2025. The stock touched a fresh 52-week high, with strong buying interest fueled by stellar Q1 results, the strategic acquisition of Ecom Express, and improving profit margins. With leading brokerages upgrading their targets to ₹500–₹525, the market clearly sees Delhivery as a stock on the rise.
Delhivery Stock Soars After Strong Q1 Results
Delhivery’s share price surged during Monday’s session, closing at ₹452.75 on the NSE and ₹455.80 on the BSE. This rally marked the third straight day of gains, with the stock up over 11% during that period. The reason? A strong financial performance in the first quarter of FY26.
Here are the key Q1 numbers:
- Net Profit (PAT): ₹91 crore, up 68% year-on-year (YoY)
- Revenue: ₹2,294 crore, up ~6% YoY
- EBITDA: ₹149 crore, up 53% YoY
- EBITDA Margin: Improved from 4.5% to 6.5%
Operational metrics also showed solid growth:
- Express Parcel Revenue: ₹1,403 crore (+10% quarter-on-quarter)
- Shipments: 208 million, up 14%
- PTL Freight Volume: 4.58 lakh tonnes (+15% YoY)
- PTL Freight Revenue: ₹508 crore, with margins touching ~10.7%
CEO Sahil Barua attributed this performance to strong operational leverage as scale improved, and expressed optimism ahead of the festive season.
Strategy in Motion: Ecom Express & New Services Drive Growth
Delhivery’s acquisition of Ecom Express is proving to be a game changer. Finalized last month for ₹1,400–1,407 crore, the integration has begun with volume retention already at 50–60%, which is significantly higher than earlier expectations of 30%.
The company expects this deal to increase its market share in the 3PL segment by around 25%, with most of the synergy benefits to be realized from Q2 FY26.
Alongside this, Delhivery is investing in Rapid Commerce and Delhivery Direct, new service verticals focused on time-sensitive B2B deliveries. With ₹14 crore already invested and plans to expand into 35–40 new outlets across more cities, management is targeting ₹80–100 crore in annual revenue from these services.
Market Response: High Volumes, Bullish Sentiment
Investor interest was strong on Monday, with over 12 million shares traded and a turnover of nearly ₹558 crore. Despite a slight dip in delivery percentage, overall sentiment remained bullish.
Research firm Ventura Securities labeled Delhivery a “margin turnaround story,” and encouraged investors to accumulate the stock given the limited downside risk.
Brokerages including Motilal Oswal, ICICI Securities, Nuvama, and JM Financial all revised their target prices to ₹500–₹525, citing:
- Margin recovery
- Improved delivery efficiency
- Accelerated volume growth
- Synergies from the Ecom Express integration
Projections from these firms suggest:
- Sales CAGR: ~14%
- EBITDA CAGR: ~38%
- Adjusted PAT CAGR: ~53% (FY25–FY28)
Conclsuion
Delhivery’s stock rally on August 4, 2025 isn’t just a reaction to quarterly numbers—it’s a reflection of the company’s strategic clarity and financial recovery. With Ecom Express now under its wing and new service verticals gaining traction, Delhivery appears well-positioned for long-term, profitable growth.
As brokerage targets move into the ₹500s and festive demand approaches, investor confidence is clearly aligned with management’s roadmap. For now, Delhivery is firmly on the radar of investors betting on India’s logistics boom.
F.A.Q.
– How does the Ecom Express acquisition benefit Delhivery?
The ₹1,400+ crore acquisition is expected to boost Delhivery’s market share in the 3PL segment by ~25% and bring synergy benefits from Q2 FY26. Early integration shows strong volume retention of 50–60%.
– What are brokerages saying about Delhivery’s stock?
Top brokerages like Nuvama, Motilal Oswal, and ICICI Securities have upgraded their target price to ₹500–₹525, citing strong earnings, margin expansion, and strategic growth moves.
– What is Delhivery’s future growth strategy?
Delhivery is focusing on scaling its new service verticals—Rapid Commerce and Delhivery Direct—along with city expansion and dark-store setups, aiming to generate ₹80–₹100 crore in annual revenue from these initiatives.
– What triggered the recent rally in Delhivery shares?
The stock surged 5–6% after the company reported strong Q1 FY26 results with a 68% YoY profit jump, improved margins, and momentum from its acquisition of Ecom Express.
– How much did Delhivery earn in Q1 FY26?
Delhivery posted a net profit of ₹91 crore, revenue of ₹2,294 crore, and EBITDA of ₹149 crore. Margins improved to 6.5% from 4.5% last year.
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