Archive · 2 Sep 2025
Delhivery Faces Margin Challenges Amidst Ecom Express Integration
Imagine a delivery company called Delhivery.
Analysts are worried about its future.
They think buying another company, Ecom Express, might not boost the business as much as expected.
They also fear that competition from big companies like Ekart and Amazon will hurt Delhivery's ability to make more money.
Experts predict the company's profit might be lower than expected.
They also note that the current trading price of the stock is too high, recommending its reduction.
Analysts are skeptical about margin growth for Delhivery due to limited volume benefit and competition.
The Ecom Express acquisition may not yield expected results in the near term.
Combined express volume of Delhivery and Ecom in Q1-FY26 was 21% below FY25 levels.
Delhivery's FY26F volume may rise by 25-30% versus FY25.
Analysts forecast a lower PBT in FY27F due to the acquisition.
- Who
- Delhivery
- What
- Analysts express concerns about Delhivery's margin growth and the Ecom Express acquisition.
- When
- September 2025
- Where
- India
- Why
- Due to limited volume benefit, low operating leverage, and competition.
- CMP
- ₹471.80
- Target Price
- ₹300
- Ecom Express Market Share (FY25)
- 9%
