Delhivery Q4 Beats On Consumption Demand; Motilal Oswal Reiterates Buy With Rs 580 Target
Delhivery posted a strong Q4 FY26 print, powered by consumption-led volume growth, Ecom Express integration synergies, and market share gains. Motilal Oswal stays bullish, modeling 13% revenue and 33% Ebitda CAGR over FY26-28 and a revised target price of Rs 580.
What happened
Delhivery posted strong Q4 FY26 results, aided by consumption-led demand, Ecom Express integration, and market share gains. Motilal Oswal reiterates Buy with Rs
Key facts
- Target price Rs 580
- Revenue CAGR 13% FY26-28
- Ebitda CAGR 33% FY26-28
Why this matters
Post-Ecom Express share gains validate roll-up economics in Indian logistics, opening a window to scout tuck-in acquisitions in tier-2/3 last-mile and B2B freight before multiples re-rate.