New Delhi, August 4, 2025 – Shares of logistics major Delhivery surged over 5% intraday to hit a fresh 52-week high of ₹451.50 on the Bombay Stock Exchange after the company reported strong earnings for the first quarter of FY26. The upbeat results, driven by robust growth in profit and improving margins, have sparked renewed investor interest. The question now arises—should you buy, sell, or hold Delhivery shares?
🔹 Q1 FY26: Performance at a Glance
Delhivery posted an impressive 68.5% year-on-year jump in net profit, which reached ₹91 crore in Q1 FY26, compared to ₹54 crore in the same period last year. The sharp growth is attributed to cost efficiency, improved delivery margins, and scaling of newer business segments like Rapid and Direct.
- Revenue from operations rose by 6% YoY to ₹2,294 crore.
- EBITDA increased to ₹149 crore, marking a 53% growth with margins expanding to 6.5% from 4.5% last year.
- Express parcel shipment volume rose 14% YoY to 208 million shipments.
- Partial Truckload (PTL) volumes were also up 15% YoY, with margins touching 10.7%.
The results reflect the company’s success in optimizing operations while integrating new services and clients.
🔹 Ecom Express Acquisition – A Game Changer
One of the biggest strategic moves in recent months was the acquisition of Ecom Express, completed in early Q1 for around ₹1,369 crore. Delhivery has begun integrating volumes from Ecom Express, which is expected to increase total shipment volumes by ~25% in upcoming quarters. Analysts expect the full impact of this merger to reflect in Q2 and beyond.
With Ecom Express, Delhivery now has a stronger hold on last-mile delivery infrastructure, giving it an edge over competitors in festive and high-demand seasons.
🔹 Expansion of Rapid and SME Offerings
Delhivery is also betting big on its Rapid (2-hour intra-city delivery) and Direct (last-mile services for small businesses) segments. The company currently operates 20 dark stores for rapid deliveries and plans to scale up to 40 by year-end. These newer initiatives are expected to open fresh revenue channels and improve profitability through specialized services.
🔹 Stock Performance and Market Sentiment
Following the Q1 earnings announcement, Delhivery shares rallied over 5% on August 4, 2025, reaching ₹451.50—a new 52-week high. The stock has now gained nearly 30% over the last 6 months.
Market sentiment is positive, with many analysts viewing Delhivery as a top logistics play in India’s booming e-commerce and D2C space. Broader indices like the Nifty and Sensex also closed higher on the same day, supported by gains in logistics, auto, and tech sectors.
🔹 Brokerage Views: What Analysts Say
Brokerage firms remain bullish on Delhivery’s prospects:
- Motilal Oswal has reiterated its BUY rating and raised the target price to ₹500, citing potential volume and margin expansion.
- Morgan Stanley and Macquarie have also maintained a positive outlook, praising the company’s cost control and integration strategy.
- Nuvama Institutional Equities noted Delhivery’s improving margin profile and sees it as a long-term digital logistics leader.
🔹 Should You Buy, Sell or Hold?
✅ Buy, if:
- You believe in India’s long-term e-commerce growth.
- You expect festive season volumes and the Ecom Express integration to boost revenues further.
- You are looking for a logistics stock with improving financials and strong institutional backing.
⏸️ Hold, if:
- You are already invested and want to wait for the impact of new initiatives and acquisition to reflect in Q2 and Q3.
- You expect the stock to consolidate at current levels before making a new move.
⚠️ Sell / Book Profits, if:
- You prefer booking profits at the 52-week high and reallocating to undervalued sectors.
- You are cautious about near-term execution risks related to integration or market slowdown.
🔹 Conclusion
Delhivery’s strong Q1 performance has reinforced its position as a market leader in tech-enabled logistics. With profit margins expanding, volume growth in key verticals, and a major acquisition now in play, the company appears well-positioned for continued growth. While the stock has hit a 52-week high, brokerages still see further upside in the coming months.
For investors seeking exposure to India’s digital logistics future, Delhivery may well be a stock to watch—or hold—with confidence.
I am a digital marketing executive as well as content writer in the stock market and crypto related blogs. My goal is to provide simple, interesting and reliable information to readers through my articles so that they always stay updated with the world of stock market and crypto.
