New Delhi: With the completion of its Rs 1,407 crore acquisition of competitor Ecom Express, logistics giant Delhivery has made a significant consolidation move in the Indian package delivery market. According to media reports, the acquisition was finalised on 18 July and a six-month integration plan is currently in progress.
Delhivery posted impressive Q1FY26 results: net profit increased 67% year-over-year to Rs 91 crore, while sales increased 6% to Rs 2,294 crore. However, Ecom Express’s financials would only be consolidated from the closing date.
According to media sources, early revenue retention from Ecom’s operations is exceeding forecasts and the company said that integration costs would stay within the Rs 300 crore budget it had previously set.
The agreement, which was approved by the Competition Commission in June, offers Delhivery an almost full ownership position in Ecom Express, enabling it to increase volume, streamline infrastructure and cut down on unnecessary expenses. Additionally, the business intends to use natural attrition-based absorption to keep a large portion of Ecom’s field staff.
While Ecom Express’s acquisition brings an end to a period characterised by client departures, leadership turnover and declining values, Delhivery’s move builds on its aim to strengthen its market leadership.
