Gurugram, August 2, 2025 — Logistics leader Delhivery reported a 67% year-on-year increase in net profit to ₹91 crore in Q1 FY26, with revenue rising 6% to ₹2,294 crore. This marks the company’s fifth straight profitable quarter, driven by volume growth and improved operating margins.
The quarter also saw Delhivery complete the ₹1,369 crore acquisition of Ecom Express. Over half of Ecom’s volumes have already shifted to Delhivery’s platform. All contracts were renegotiated to sustainable, volume-linked pricing models, strengthening the company’s margin structure and eliminating loss-making deals.
Parcel volumes rose 14% to 208 million shipments, while PTL tonnage grew 15% to 4.58 lakh tonnes. EBITDA margin expanded to 6.5%, translating to approximately ₹149 crore in operating earnings.
Delhivery is also scaling its Rapid Commerce vertical, operating 20 dark stores across Bengaluru, Hyderabad, and Chennai. These assets support two-hour B2B and B2C deliveries and currently generate a revenue run-rate of ₹1.2 crore per month. The company aims to double this dark store network by year-end.
CEO Sahil Barua reaffirmed confidence in India’s logistics market, which is expected to grow at 15% annually. Delhivery is actively targeting D2C brands, automotive spares, electronics components, and FMCG sectors for intracity fulfillment.
The company also made key board additions, including Yashish Dahiya of PB Fintech and IIM-Bangalore professor Padmini Srinivasan, signaling its long-term governance and scale ambitions.
Delhivery’s ability to deliver profitable growth while integrating large-scale acquisitions shows its operational maturity. With festive season demand approaching, the logistics major is well-positioned to lead the next phase of rapid fulfilment in India.
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