Synopsis: A Delhi-based logistics firm locks in a three-year fleet deployment deal with one of India’s most iconic snack brands, adding steady revenue visibility to its growing FMCG portfolio.
India’s FMCG sector continues to drive demand for dedicated, scalable logistics networks – and a mid-sized multimodal logistics player has just secured a meaningful long-term mandate from one of the country’s best-known food brands, underscoring the growing appetite for outsourced distribution in the consumer goods space.
Shares of AVG Logistics Limited, with a market capitalization of Rs.337 crore, are trading at a price of Rs.189 i.e.12.35% up from its previous closing price of Rs.168.22. It is trading at a P/E ratio of 15.21.
AVG Logistics Bags 3-Year Contract from Haldiram Nagpur for 100 Vehicles
AVG Logistics Limited has secured a three-year transportation contract from Haldiram-Nagpur, one of India’s most recognised food and snack brands. Under the agreement, the company will deploy 100 dedicated vehicles to support Haldiram Nagpur’s logistics and distribution requirements. The contract is expected to generate approximately ₹35 crore in annual revenue for AVG Logistics, translating to a total contract value of around ₹105 crore over its tenure.
The 100-vehicle fleet will be deployed across the Western and Southern regions of India, along with key eastern states including Odisha, Bihar, and Jharkhand. The expanded fleet will operate across key distribution corridors, with the aim of improving service coverage, optimising turnaround times, and enhancing last-mile delivery efficiency.
Strengthening the FMCG Logistics Vertical
The contract marks a significant step in AVG Logistics’ strategy of scaling operations through long-term dedicated mandates with large FMCG players. The company already serves a broad roster of consumer goods clients, including Nestlé, HUL, Ferrero, Marico, ITC, Godrej, and Varun Beverages, among others. The addition of Haldiram-Nagpur deepens its presence in the food and snack distribution space, which demands high fleet reliability and wide geographic reach.
According to the company, the contract is expected to improve fleet utilisation, enhance operational efficiencies, and provide greater revenue visibility over the medium term. Speaking on the development, Mr. Sanjay Gupta, Managing Director and CEO, said, “This order represents a meaningful expansion of our fleet capacity and highlights the confidence that leading FMCG companies place in our capabilities. Strengthening our presence in the FMCG sector remains a key priority.”
About AVG Logistics Limited
AVG Logistics Limited is a multimodal logistics solutions provider founded in 2010 and headquartered in New Delhi. The company operates a fleet of 3,000-plus hired and owned vehicles and over 8.56 lakh sq. ft. of warehousing space across India, serving clients across FMCG, automotive, cement, and other sectors through road, rail, cold chain, and third-party logistics services.
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