The shares of one of the leading and largest integrated logistics services providers engaged in providing a full range of Logistics services all over India, in focus following a strategic tie-up with SUGAR Cosmetics.
With a market capitalization of Rs. 29,480 Crores, the shares of Delhivery Limited were trading at Rs. 399.75, down 0.89 percent from its previous day’s close price of Rs. 403.35.
Delhivery Limited announces strategic tie-up with Vineeta Singh-led beauty brand SUGAR Cosmetics for providing its well-diversified logistical services throughout India for the shipment of SUGAR Cosmetics products. Delhivery Limited is a long-standing partner for the brand’s D2C express parcel shipping.
Launched in 2015, SUGAR Cosmetics was founded by Vineeta Singh and Kaushik Mukherjee and has scaled rapidly to become India’s third-largest colour cosmetics brand. It has a robust online presence and the brand operates over 45,000+ retail touchpoints across more than 550+ cities in India.
Amartya Guha, Vice President of supply Chain at SUGAR Cosmetics, said, “SUGAR Cosmetics is on a high growth trajectory and needs a logistics partner that comprehends the demands of the digital native generation.
Delhivery’s superior express part truckload (PTL) delivers B2B consignments at e-commerce speed, and its intuitive client dashboard, Delhivery One, provides end-to-end visibility of consignments being shipped across India, giving us the competitive edge.”
Commenting on this Varun Bakshi, Head of Delhivery’s Express Part Truckload business, said, “Our unique mesh network design, integrated linehaul for both B2B and B2C, automated sorters, and quick turn-around of tractor trailers give us a significant competitive advantage.
Brands like SUGAR Cosmetics, which have an omnichannel strategy, heavily benefit from our express PTL service for quick stock replenishment and availability to fuel their retail expansion across India.”
Delhivery Limited is one of the leading and largest integrated logistics services providers in India. It provides a full range of Logistics services, including delivery of express parcels and heavy goods, partial truckload shipping, full truckload shipping, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.
It has a well-planned operational infrastructure and facilities with over 111 gateways, 29 automated sort centers, 3,506 express delivery centers, with a reach to over 18,793 pin codes, with services to over 220+ countries and territories, and 33,278 active customers.
Its revenue from operations grew by 11.61 percent from Rs. 1,859.63 Crores in Q4FY23 to Rs. 2,075.54 Crores in Q4FY24, accompanied by a decreasing loss of Rs. 158.67 Crores to Rs. 68.47 Crores.
In FY24, it generated 62 percent of its revenue from express parcels, 19 percent from partial truckloads, 7 percent from truckloads, and 10 percent from supply chain services.
Written by: Bharath K.S
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