Blue Dart - Robust Portfolio Of Air, Ground Cargo Offerings: Motilal Oswal
Despite the challenging last few years, Blue Dart has managed to grow revenue through improved volumes and realisations.
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Motilal Oswal Report
Blue Dart Express Ltd. commands greater than 50% market share in the organised air express segment and has been picking up market share in the ground express segment. The company has well-diversified service offerings of air express (~65% revenue share) and ground express (~35% revenue share).
Despite the challenging last few years, Blue Dart has managed to grow revenue through improved volumes and realisations. Through its dedicated aircraft fleet service, its operations were not as severely impacted as pure road transporters during the pandemic.
The ground express segment is expected to grow at two times the air express segment. Blue Dart is looking to increase the share of ground express in its overall mix to better capitalize on the growth opportunity.
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