Blue Dart Q4 Review - The Bulge Continues: ICICI Securities
The Blue Dart Express Ltd. logo is displayed on the back of an employee’s high-visibility safety vest. (Photographer: Dhiraj Singh/Bloomberg)

Blue Dart Q4 Review - The Bulge Continues: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Blue Dart Express Ltd.’s consolidated on the yield gains achieved in Q3 FY21 (driven by limited belly cargo capacity) and enjoyed better mix with more business to consumer air express cargo.

The same resulted in ~ 33%YoY revenue growth in Q4 FY21 and nearly helped maintain margin performance of last quarter (Q3 FY21).

What impressed is continued cost focus, coupled with revenue tailwinds currently being enjoyed out of network capacity expansion of the past couple of years.

Continued business-to-business air express resilience (IT, pharma, medical equipments) also helped.

Click on the attachment to read the full report:

ICICI Securities Blue Dart Q4FY21 Results Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.