Logistics firms set for strong Q1 revenue growth despite margin pressure

Indian logistics firms are expected to post strong Q1 revenue growth, with CONCOR benefiting from 8 percent growth in export-import volumes and 15 percent in domestic volumes, while Delhivery sees double-digit revenue growth aided by Ecom Express consolidation. However, elevated fuel costs, pricing pressure and integration-related expenses are expected to weigh on profitability, resulting in a mixed margin outlook across the sector. Blue Dart is expected to see mid-single-digit revenue growth with Ebitda margin improvement, while TCI may report double-digit revenue growth led by supply chain and freight segments.