Delhivery sees ecommerce growth picking up, eyes steady momentum in parcel volumes

Delhivery expects sustained growth in its express parcel business through FY26, bolstered by its recent acquisition of Ecom Express and recalibrated focus on direct-to-consumer (D2C), and small and medium enterprise (SME) segments, the company said in a letter to shareholders.

The new-age logistics firm said overall ecommerce industry volumes have grown 12-15% annually over the past three years, but sees longer-term growth potential at over 15%. Delhivery’s own express parcel volumes rose to 208 million in Q1FY26, up from 183 million in Q1FY25 and 177 million in Q4FY25.