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Delhivery Limited is a fully integrated logistics provider offering a range of services including express parcel and heavy goods delivery, part-truckload and truckload freight, warehousing, supply chain solutions, cross-border services, and supply chain software. The company serves diverse customers including e-commerce marketplaces, direct-to-consumer brands, enterprises, and SMEs across various sectors. Delhivery operates an extensive network covering over 17,000 PIN codes in India, with capabilities for same-day, next-day, and long-distance deliveries. The company utilizes proprietary technology systems developed by its team of engineering and data professionals to manage its operations efficiently. Delhivery has expanded its services over time, including the acquisition of Spoton Logistics Private Limited in 2021 to enhance its part-truckload freight services.
In the news

Delhivery Q1FY27: Mixed brokerage reactions amid margin pressures

Delhivery's Q1 FY27: When Growth Meets Reality

Delhivery rejigs top leadership: Vani Venkatesh elevated, Ajith Pai to exit

Delhivery Q1 FY27 Results: Shares rise 1.77% on revenue growth

Seasonal tailwinds boost select stocks amid mixed derivatives data

Delhivery CEO: Low-cost model protects against in-house competition

Delhivery shares mixed after HSBC cuts target price to ₹490

Delhivery hits 4-year high; Ventura sees 19-58% upside potential

Delhivery drops 2% as Alpha Wave exits entire 1.93% stake

Nexus Ventures sells ₹208 cr Delhivery stake in block deal

Delhivery-Bajaj Auto Partnership Deploys 1,500 Electric Vehicles

Top stocks to buy: Delhivery, Lodha, REC recommended for June 23

Delhivery hits record high, JM Financial sees 20% upside on FY27 growth

Delhivery shares surge 3% on Motilal Oswal's 26% upside target

Delhivery Launches AI Mapping Platform for E-commerce

Delhivery shares fall 5% despite strong Q4 results; brokerages see upside

Delhivery shares set for 22% upside as MOSL sees 33% EBITDA CAGR

Prabhudas Lilladher sets Delhivery target at ₹534

Delhivery shares fall 5% post-Q4 beat; analysts see 26% upside

Delhivery shares fall 5% despite strong Q4 results, P/E ratio concerns
The Quarter story
The two most recent quarterly results, compared side-by-side.
Delhivery expands its parcel and truckload networks while managing rising operational costs and seasonal profit swings.
Express Parcel shipments grew from 208 Mn to 322 Mn from Q1 FY26 to Q1 2026-27 — accelerating core parcel demand
Adjusted EBITDA margin dropped from 5.3% to 2.6% from Q3 FY26 to Q1 2026-27 — seasonal profitability volatility continues
Partner agents expanded from 52,225 to 82,768 from Q1 FY26 to Q1 2026-27 — strengthening last-mile delivery network
Corporate overheads rose from ₹209 Cr to ₹272 Cr from Q1 FY26 to Q1 2026-27 — administrative costs are outpacing revenue growth
Part Truckload revenue rose from ₹508 Cr to ₹633 Cr from Q1 FY26 to Q1 2026-27 — consistent growth in freight tonnage and pricing
Supply Chain Services EBITDA margin fell from 13.0% to 6.7% from Q3 FY26 to Q1 2026-27 — margin compression in this segment
Integration costs fell from ₹90 Cr to ₹17 Cr from Q2 FY26 to Q1 2026-27 — post-merger expenses are stabilizing
Profit After Tax margin declined from 3.8% to 2.0% from Q1 FY26 to Q1 2026-27 — bottom-line earnings face pressure
Fleet size increased from 17,509 vehicles to 20,663 from Q1 FY26 to Q1 2026-27 — optimized asset base for higher volume handling
Total expenses climbed from ₹2,327 Cr to ₹3,012 Cr from Q1 FY26 to Q1 2026-27 — accelerating cost base growth