Delhivery's Barua dismisses Amazon 3PL push as 'old wrapper', sees no XpressBees edge

CEO Sahil Barua argues captive networks deprioritise third-party shipments and run costlier, dismissing Amazon's India 3PL expansion as repackaged. Delhivery posted Q4 FY26 revenue of Rs 2,850 cr (+30% YoY) and Rs 72 cr profit; shares fell 4% to Rs 456, valuing it at Rs 34,175 cr (~$3.7B).

— Source publishedMon, 18 May, 2026, 15:18 IST·First seen Mon, 18 May, 2026, 15:22 IST·Source Entrackr · Newsletter

What happened

Delhivery CEO Sahil Barua dismissed Amazon's India 3PL expansion as repackaged old product, arguing captive networks deprioritise third-party shipments and cost

Key facts

  • Q4 FY26 revenue Rs 2,850 crore
  • 30% YoY revenue growth
  • Profit Rs 72 crore
  • Share price Rs 456
  • Down 4%
  • Market cap Rs 34,175 crore (~$3.7 billion)

Why this matters

Amazon's 3PL expansion and XpressBees' scaling validate a consolidating logistics market—worth scoping tuck-in targets in regional express or B2B parcel to harden Delhivery's neutral-carrier positioning before captives commoditize the lane.

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