Delhivery reports a 65% drop in quarterly profit amid a 28% rise in revenue, citing integration expenses from its Ecomm acquisition, while increasing market share and leadership changes signal a strategic shift.
Delhivery has reported a sharp fall in quarterly profit even as revenue climbed, with the logistics company saying integration costs linked to its Ecomm acquisition weighed on the bottom line. For the quarter ended June 30, 2026, net profit fell 65% to ₹32 crore from ₹91 crore a year earlier, while revenue rose 28% to ₹2,931 crore from ₹2,294 crore in the same period last year.
The company said it handled 322 million express shipments in the quarter, up 55.2% year on year, while partial truckload freight rose 18.4%. In its note, Delhivery said the growth reflected market-share gains and robust customer demand, supported by both existing clients and new additions across direct-to-consumer, small and medium enterprise and consumer segments.
Delhivery said it expects the momentum to continue, guiding for express volume growth of 20% to 30% in FY27 and reiterating a broader target of 18% to 22% volume growth for the year. The company also said it has benefited from expanding its business development teams across more geographies, which it said has accelerated new client wins alongside repeat business from existing customers.
The results came alongside changes in Delhivery’s senior leadership. The company said Vani Venkatesh has been elevated to deputy chief executive, effective immediately, after joining in February 2025 as chief business officer. Delhivery said she will now oversee revenue, marketing and customer experience while working with operations teams. It also said chief operating officer Ajith Pai will step down.
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