Delhivery expects to drive on with seasonal uptick, new business growth

Most brokerages are positive about logistics company, expect it to sustain profits

Logistics major Delhivery gave a better-than-expected operational performance in the June quarter and improved outlook in key segments, helping expectations that the stock will sustain. Volumes in the company's largest segment of express logistics were muted but cost control helped Delhivery beat margin expectations. Most brokerages have a positive outlook about the company, citing its focus on improving volumes, profitability and diversification in fast-growing categories.

Express parcel, which accounts for 60 per cent of the company's revenue, delivered an underwhelming 6 per cent revenue growth in a seasonally weak quarter. Volume growth did not meet expectations but