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Demand outlook remains robust for Blue Dart Express, say brokerages

Blue Dart Express posted 34 per cent revenue growth in 2021-22, assisted by 30 per cent growth in volumes; the rest came from higher realisations

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Ram Prasad Sahu
South Asia’s largest integrated air express courier and logistics company Blue Dart Express has gained 21 per cent over the past fortnight, extending its gains since its lows in March to over 43 per cent. The gains were aided by strong volume growth over the past year and record margins. Prospects of recovery across sectors, profitability at elevated levels, and higher contribution from the ground express segment are stimuli for the company.

What will act as a catalyst is the company’s intent of increasing its contribution from the ground express (surface) segment, with the current levels at 30-35 per cent.