KEY HIGHLIGHTS

• Delhivery's net profit declined by 65% in Q1 FY27
• Revenue increased by 28% to Rs 2,931 crore
• Express shipment volumes grew by 55.2% YoY
• Vani Venkatesh elevated to Deputy CEO

Introduction

In the first quarter of FY27, Delhivery, a leading new-age logistics company, reported a 65% decline in net profit but experienced a 28% rise in revenue. This financial performance reflects the company's ongoing challenges and growth opportunities.

Financial Performance

The net profit for Q1 FY27 was Rs 32 crore, significantly lower than the Rs 91 crore reported in the same period last year. Despite this drop, the company's revenue surged to Rs 2,931 crore from Rs 2,294 crore in Q1 FY26. The company attributed the profit decline primarily to integration costs following its Ecomm acquisition.

Growth Drivers

Delhivery's growth in transportation volumes indicates sustained market share gains and strong customer demand. The company registered 322 million express shipments, marking a 55.2% year-on-year growth. Additionally, there was an 18.4% year-on-year growth in partial truck load (PTL) freight.

Delhivery anticipates this momentum to continue, projecting overall express volume growth for FY27 to be in the range of 20-30%. The company's investment in expanding its geographic business development teams has accelerated new client additions, alongside growth from existing customers across D2C, SME, and consumer segments.

Leadership Changes

In a significant leadership move, Delhivery announced the elevation of Vani Venkatesh to the role of Deputy CEO, effective immediately. Venkatesh joined the company in February 2025 as Chief Business Officer and Key Managerial Personnel, leading the company’s revenue functions. In her new role, she will oversee revenue, marketing, and customer experience, working closely with Delhivery’s Operations teams.

Additionally, the company announced that its Chief Operating Officer and key management personnel, Ajith Pai, will be stepping down from his role.

FAQ

**Q1: What caused the decline in Delhivery's net profit for Q1 FY27? A1: The decline in net profit was primarily due to integration costs of its Ecomm acquisition.

**Q2: What was the revenue growth percentage for Delhivery in Q1 FY27? A2: Delhivery reported a 28% revenue growth for Q1 FY27.

**Q3: How did express shipment volumes change for Delhivery in Q1 FY27? A3: Express shipment volumes grew by 55.2% year-on-year.

Conclusion

Delhivery's financial results for Q1 FY27 reflect both challenges and opportunities. Despite a significant drop in net profit, the company demonstrated robust revenue growth and substantial increases in express shipment volumes. With strategic leadership changes and continued market expansion, Delhivery is well-positioned for sustained growth in the coming fiscal year.

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