Their world
₹10,508.3 crore in revenue. Delhivery’s next job is durable margin.
FY26 showed stronger operating leverage across an integrated logistics network. The Ecom Express combination now raises the bar: absorb another network, protect service quality, and make the economics visible quarter by quarter.
Their pressure
Scale expanded. Profit conversion still lagged.
- Full yearFY26 consolidated revenue rose 18% to ₹10,508.3 crore, while EBITDA reached ₹764 crore at a 7.3% margin.
- Bottom lineFull-year net profit declined 6% to ₹153 crore despite the operating expansion.
- IntegrationDelhivery acquired a 99.4% controlling stake in Ecom Express for about ₹1,407 crore in cash.
The bridge
Put one cost surface under review before opening another program.
Meridian AI is a boutique applied-AI studio that embeds with your team and ships production-grade LLM and agent systems — on your data, with human-in-the-loop controls — in six weeks, not six quarters. For Delhivery, that means a bounded engagement around one operating metric, rather than open-ended spend, new infrastructure, or a rip-and-replace program.
One proof
Every engagement targets ONE measurable operating metric per quarter — deflected support tickets, faster underwriting, lower onboarding drop-off — and we don't scale the retainer until that metric moves.
One working session
Map one integration cost surface.
Twenty minutes to choose one workflow, name its current handling cost, and define the human-review path before any build begins.
See the 20-minute teardown for Delhivery