Delhivery’s Q1 FY26 Profit Jumps 68%, Logistics Giant Doubles Down on Rapid Commerce

Logistics services provider Delhivery reported a strong financial result for the first quarter of fiscal year 2026. Its net profit has surged 68.5% year-on-year to ₹91 crore. The company attributed the growth to operational efficiency gains and a stable revenue base.

The company’s operating revenue also stood at ₹2,294 crore in the same quarter, nearly 6% increase from the same period last year. The company posted an EBITDA of ₹149 crore in Q1 FY26, with a margin of 6.5%, marking a 53% year-on-year increase from ₹97 crore and a 4.5% margin in the same quarter last year.

Delhivery’s Q1 FY26 results came as the company gears up for the upcoming festive season. “We look forward to the upcoming festive sale season with optimism," said CEO Sahil Barua in an official statement.

It has recently acquired its rival Ecom Express after getting an approval from the Competition Commission of India (CCI). It was a strategic move to strengthen Delhivery’s last-mile delivery capabilities.

With this, the company has deepened its presence in tier 2 and 3 cities, where online shopping demand is rapidly growing.

Delhivery’s Rapid Commerce Expansion Plan

The new-age logistics firm, in a letter to its shareholders, revealed that it is expanding its rapid commerce service to three more cities. Under this plan, the company is adding 35-40 more dark stores to its network by the end of FY26.

Currently, Delhivery has 20 dark stores being operated in three cities including Bengaluru, Chennai, and Hyderabad. In January, Delhivery rolled out a same-city express delivery service for businesses called ‘rapid commerce’, which aims to capitalise on the growing appetite for quick fulfilment.

The service provides D2C brands access to shared warehousing with a promised delivery turnaround of just two hours. “We expect this to remain a relatively niche product within our overall Express (parcel) portfolio, potentially contributing ₹80-100 crore in revenues with time,” the company said.

“More importantly, this base network of dark stores and in-city delivery will allow us to build Rapid B2B fulfilment for time-sensitive categories such as automotive spare parts, electronics spares, tyres, critical industrial components, lubricants, specialty chemicals and certain FMCG products,” it added.

In addition, the company is also scaling up it on-demand intracity delivery offering named ‘Delhivery Direct’. The service is available in cities like Ahmedabad, Delhi NCR, and Bengaluru. It plans to further ramp up investments in Rapid Commerce and Delhivery Direct in FY26.

With ₹14 crore invested in Q1 FY26, the spending is expected to grow—particularly for Delhivery Direct—as it expands nationwide and requires fleet buildup and demand generation. The service will compete with players like Porter, Borzo, Mover, and even ride-hailing platforms like Uber and Rapido.