ONDC raised ₹220 Cr ($23.1 Mn) via private placement, with Zoho putting in ₹70 Cr, Uber and Paytm ₹60 Cr each, and BSE ₹30 Cr. The capital deepens strategic backing as the network scales to 7.64 lakh sellers across 616 cities and clocks 21.8 Cr transactions in FY26.

Inc42 · Buzz · 6/2/2026, 12:17:15 PM

Third-party logistics firms are betting on vertical quick commerce in fashion, beauty, pet care and D2C, building dark stores for brands without in-house fulfilment scale. Shadowfax Q4 FY26 revenue hit Rs 1,237 cr (+74% YoY) with Rs 56 cr profit; 100 new dark stores planned in FY27. India 3PL market to grow $38.18B to $50.55B by 2031.

Financial Express · BrandWagon · 6/1/2026, 10:45:24 PM

Swiggy, Delhivery, Mamaearth, Lenskart, Wakefit and luggage D2Cs face a margin squeeze as Iran-war fallout drives 35-50% raw material inflation, 25-30% packaging cost surge and Rs 3/litre fuel hike. Wakefit has raised prices 10%; HUL nudged larger packs 2-3%. With 90% of Delhivery contracts indexed, pass-through ability is the swing factor.

ET Retail · 5/29/2026, 7:40:45 AM

Sahil Barua argues captive networks like Amazon's prioritise in-house shipments and run costlier than third-party players, dismissing the e-commerce giant's pitch to external sellers. Delhivery backs the stance with a Q4 profit of Rs 73.4 crore and 30% revenue growth.

Moneycontrol · 5/27/2026, 4:30:40 PM

On a post-earnings call, Sahil Barua argued Amazon's expanding India logistics ambitions can't be replicated through announcements, citing the years of operational investment and physical infrastructure required to run a pan-India parcel network.

Moneycontrol · 5/27/2026, 4:30:00 PM

CEO Sahil Barua argues captive networks deprioritise third-party shipments and run costlier, dismissing Amazon's India 3PL expansion as repackaged. Delhivery posted Q4 FY26 revenue of Rs 2,850 cr (+30% YoY) and Rs 72 cr profit; shares fell 4% to Rs 456, valuing it at Rs 34,175 cr (~$3.7B).

Entrackr · Newsletter · 5/18/2026, 9:52:52 AM

Q4FY26 revenue rose 26.31% YoY to ₹2,909 cr but net profit held at ₹72.39 cr. Express parcel volumes surged 73% to 306 mn post Ecom Express integration, pushing FY26 volumes past 1 bn. FY26 PAT slipped 6.81% to ₹152.54 cr. Brokerages stay constructive with targets of ₹480-630.

The Hindu BusinessLine · 5/18/2026, 7:52:33 AM

Delhivery's Q4 FY26 net profit stuck at ₹72.4 Cr despite revenue rising 30% YoY to ₹2,850 Cr and EBITDA nearly doubling to ₹231 Cr. Shipments grew 40% to 1,054 Mn. UBS, Citi, Nuvama stayed Buy; Goldman Neutral. Ecom Express integration in focus as stock hit ₹447.85, market cap ₹33,901.9 Cr.

Inc42 · 5/18/2026, 6:14:38 AM

Q4FY26 revenue hit Rs 2,850 cr (+30% YoY) and EBITDA surged 80% to Rs 214 cr with margin at 7.5%, but net profit stayed flat at Rs 72.3 cr. Shares fell 5.29% to Rs 453.10 as Goldman flagged softer realisations and Ecom Express integration drag; UBS and Citi retained Buy on FY26 e-commerce volume guidance of +40%.

NDTV Profit · 5/18/2026, 5:45:42 AM

Logistics major Delhivery closed FY26 with ₹10,486 Cr revenue (+17%) and ₹321 Cr net profit (+8%), shipping 306 Mn express parcels. Q4 revenue grew 30% YoY but profit stayed flat, signaling margin pressure even as quick commerce and D2C tailwinds lift parcel volumes across the ecosystem.

Inc42 · Buzz · 5/18/2026, 5:24:49 AM

Delhivery posted a strong Q4 FY26 print, powered by consumption-led volume growth, Ecom Express integration synergies, and market share gains. Motilal Oswal stays bullish, modeling 13% revenue and 33% Ebitda CAGR over FY26-28 and a revised target price of Rs 580.

NDTV Profit · 5/18/2026, 2:54:06 AM

India's e-commerce logistics backbone posted a 26% top-line surge to ₹2,909 crore in Q4, yet net profit dipped to ₹72.39 crore — a margin squeeze worth watching as D2C and online retail volumes scale.

The Hindu BusinessLine · 5/17/2026, 3:39:39 AM

Quarterly results roundup shows divergent fortunes across India's consumer-facing listcos. Auto-component play Uno Minda and dairy major Dodla join NHPC and Styrenix in posting profit surges, while apparel maker Celebrity Fashions, cooler brand Symphony, sugar player Balrampur Chini and Vodafone Idea disappoint—signalling uneven demand recovery into FY27.

The Hindu BusinessLine · 5/16/2026, 4:28:31 PM

May 16 results roundup splits India Inc into winners and laggards. Auto-component maker Uno Minda, chemicals player Styrenix, NHPC, Aarti Drugs and analytics firm LatentView post profit surges, while Vodafone Idea, cooler-maker Symphony, Celebrity Fashions and Balrampur Chini disappoint. Delhivery, Dodla Dairy, Indian Terrain and Sayaji Hotels also report.

The Hindu BusinessLine · 5/16/2026, 4:21:23 PM

India's largest e-commerce logistics player posted Q4 revenue of Rs 2,850 crore vs Rs 2,192 crore a year earlier, a 30% YoY surge. Profit edged down 0.3%, signaling that volume growth from retail and D2C clients is outpacing bottom-line conversion as cost and pricing pressure persist.

NDTV Profit · 5/16/2026, 1:29:05 PM

Delhivery posted 30% YoY Q4 FY26 revenue growth to Rs 2,850 Cr, yet profit stayed flat at Rs 72.3 Cr as freight costs rose 28% and employee costs 23.7%. Full-year profit slipped 6% to Rs 152.5 Cr despite 17.6% topline growth, signalling margin pressure for India's largest 3PL.

Entrackr · Newsletter · 5/16/2026, 12:58:45 PM

Delhivery posted Q4FY26 PAT of ₹72.4 cr (-0.2% YoY) on revenue of ₹2,850 cr (+30%). EBITDA leapt 80% to ₹214.2 cr at 7.5% margin. Parcel volumes hit 306M (+72%). FY26 turned FCF positive at ₹89 cr with ₹4,555 cr cash. Expanded intra-city to Jaipur; partnered NVIDIA on India mapping.

CNBC-TV18 · Companies · 5/16/2026, 12:21:17 PM

Delhivery's Q4 FY26 net profit held steady at ₹72.4 Cr versus ₹72.5 Cr a year earlier, even as operating revenue surged 30% YoY to ₹2,850 Cr. Sequentially, profit rebounded 83.3% from ₹39.6 Cr, but expenses climbed 26.9% YoY to ₹2,853.1 Cr — squeezing margins despite topline momentum.

Inc42 · 5/16/2026, 11:36:46 AM

NDTV Profit's live blog tracks May 16 Q4 prints from Delhivery, Vodafone Idea, KEC International, Atul Auto and Uno Minda. Delhivery's numbers will signal margin and volume health across India's e-commerce and quick commerce supply chains feeding retail.

NDTV Profit · 5/16/2026, 7:53:23 AM

Shadowfax shares hit ₹192.35 (+17.2%) lifting market cap to ₹10,458 Cr after Q4 FY26 swung to ₹55.8 Cr profit from a ₹9.9 Cr loss. Revenue rose 73.6% YoY to ₹1,237 Cr on 22.6 Cr orders (+100.8%). Express orders doubled; dark stores to scale from 15 to 100 by FY27.

Inc42 · Buzz · 5/15/2026, 5:58:53 AM

Logistics player Shadowfax posted Q4 FY26 net profit of ₹55.8 Cr versus a ₹9.9 Cr loss YoY, with revenue jumping 74% to ₹1,237 Cr. Orders doubled to 22.6 Cr, lifting market cap to ₹10,458 Cr. Plans to scale dark stores from 15 to 100 by FY27 and expand Prime Large to 10,000 pin codes.

Inc42 · 5/15/2026, 5:58:45 AM

Valmo, Meesho's captive logistics arm, scaled from 2% of shipments in FY23 to over 60% before retreating below 50% in Q4FY26. Peaks of 5,000 orders/minute and a push into hinterland geographies exposed cracks in its cost-first playbook, forcing Meesho to lean back on third-party partners like Delhivery.

The Ken · Stream · 5/13/2026, 10:31:27 PM

Zoho has pumped ₹70 Cr ($7.3 Mn) into ONDC to shore up India's open digital commerce rails, even as retail transactions fell from a 6.5 Mn peak in October 2024 to 4.6 Mn by February 2025. The network now spans 616 cities and 7.64 Lakh sellers, with 10,000 kiranas onboarded and 11x rural seller growth in FY26.

Inc42 · 5/13/2026, 10:12:57 AM

Zoho's ₹70 Cr ($7.3 Mn) bet backs ONDC's sovereign commerce stack as the network scales to 7.64 Lakh sellers and 11x rural order growth in FY26. But retail volumes have softened from the 6.5 Mn October 2024 peak to 4.6 Mn in February 2025, raising questions on post-subsidy traction.

Inc42 · 5/13/2026, 9:27:51 AM