This earnings season, India’s ecommerce companies benefited from a favourable overlap. The festive quarter, which typically drives the year’s strongest sales, coincided with tax cuts that came into effect in late September, producing a powerful demand tailwind during the most important consumption quarter for ecommerce companies.
The combination showed up in company results. Ecommerce logistics firm Delhivery, often seen as a bellwether for the sector, reported record volumes and improving profitability, with revenue rising 18% year-on-year to over Rs 2,800 crore and net profit up 56% to Rs 39 crore.
In addition, access 50+ archived articles and 3 new articles every month
Sign In
Got a tip? If you have a lead we should be chasing at The CapTable, write to us at [email protected]
Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds
Blume Ventures
The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.
Convinced that The Captable stories and insights
will give you the edge?
Convinced that The Captable stories
and insights will give you the edge?
Subscribe Now
Sign Up Now
