Blue Dart Express Clinches Golden Peacock Award for Corporate Governance Excellence

2 min read     Updated on 18 Nov 2025, 12:55 PM
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Overview

Blue Dart Express Limited has received the Golden Peacock Award for Excellence in Corporate Governance at the London Global Convention. The award recognizes Blue Dart's commitment to transparency, accountability, and ethical business practices. The company's robust legal and compliance architecture, led by Tushar Gunderia, has been crucial in aligning with regulatory environments and protecting stakeholder interests. Blue Dart, a leading South Asian express air and integrated transportation company, offers secure delivery services to over 56,000 locations in India and access to a global network covering 220 countries.

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Blue Dart Express Limited , a leading South Asian express air and integrated transportation company, has been honored with the prestigious Golden Peacock Award for Excellence in Corporate Governance. The award was presented at the London Global Convention organized by the Institute of Directors, India, highlighting Blue Dart's commitment to transparency, accountability, and ethical conduct in its business operations.

Award Ceremony Highlights

The award was presented at the Annual London Global Convention on Corporate Governance & Sustainability-Global Business Meet. The event was graced by several distinguished guests, including:

  • Mr. N. Chandrababu Naidu, Hon'ble Chief Minister of Andhra Pradesh, India
  • Sir Chris Bryant, MP, Hon'ble Minister of State at the Department for Business and Trade, Government of the United Kingdom
  • His Excellency Vikram Doraiswami, IFS, Indian High Commissioner to the United Kingdom
  • Mr. Chanchal Kumar, IAS, Secretary, Ministry of Development of North Eastern Region, Government of India
  • The Baroness Verma, Global Chair, Advisory Council, Institute of Directors (IOD), India

Corporate Governance at Blue Dart

Blue Dart's success in securing this award can be attributed to its robust legal and compliance architecture. Tushar Gunderia, Head - Legal & Compliance and Company Secretary, has played a crucial role in aligning the company's practices with evolving regulatory environments while safeguarding stakeholder interests.

Balfour Manuel, Managing Director of Blue Dart, emphasized the importance of good governance, stating, "Good governance sits at the core of our licence to operate and grow. The Golden Peacock Award for Excellence in Corporate Governance is a valued acknowledgment of our commitment to strong governance, compliance and legal standards that support our business and build long-term trust with customers, investors, regulators and partners."

About Blue Dart Express Ltd.

Blue Dart Express Ltd. is a premier express air and integrated transportation & distribution company in South Asia. As part of DHL Group's DHL eCommerce division, the company offers:

  • Secure and reliable delivery to over 56,000+ locations in India
  • Access to an extensive global network covering over 220 countries and territories
  • A wide range of services including air express, freight forwarding, supply chain solutions, and customs clearance

The company's commitment to excellence has earned it numerous accolades, including:

  • Recognition as one of 'India's Best Companies to Work For' by The Great Place to Work® Institute, India
  • Ranking among 'Best Multinational Workplaces in Asia' by The Great Place to Work® Institute, Asia
  • Voted a 'Superbrand' and 'Reader's Digest Most Trusted Brand'
  • Listed in Fortune 500's 'India's Largest Corporations' and Forbes 'India's Super 50 Companies'

Blue Dart's dedication to Diversity and Inclusion has also led to its recognition as one of India's 'Best Workplaces for Women' in 2021 and 'Best Organisations for Women' in 2022 by the Economic Times.

This latest accolade further solidifies Blue Dart's position as a trusted leader in the logistics sector, combining operational excellence and innovation with a strong foundation of ethical and legal practices.

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Blue Dart Express Reports Robust Q2 FY2026 Performance with 6.6% Revenue Growth

2 min read     Updated on 10 Nov 2025, 10:30 AM
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Ashish TScanX News Team
Overview

Blue Dart Express posted impressive Q2 FY2026 results with revenue from operations at INR 15,493.00 million and profit after tax at INR 795.00 million. The company saw a blended revenue growth of 6.60%, with B2C segment growing by 17.90% and B2B by 2.50%. Total shipments increased by 10% to 106.28 million, while tonnage grew by 5.90% to 363,974 tons. The company maintains a 70% B2B and 30% B2C business mix, with e-commerce accounting for about 30% of revenue. Blue Dart launched a digital account opening platform and unveiled a green integrated ground facility in Pataudi, Haryana. Aircraft utilization remains above 85%, and profit margins improved to 7% at PBT level.

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Blue Dart Express Limited , a leading logistics company, has reported a strong performance for the second quarter of fiscal year 2026, demonstrating resilience in a dynamic market environment.

Financial Highlights

Blue Dart Express posted impressive financial results for Q2 FY2026:

Metric Q2 FY2026
Revenue from Operations INR 15,493.00 million
Profit After Tax INR 795.00 million
Blended Revenue Growth 6.60%
B2C Segment Growth 17.90%
B2B Segment Growth 2.50%

Operational Performance

The company's operational metrics showed significant growth:

Metric Q2 FY2026 Growth
Total Shipments 106.28 million 10.00%
Tonnage 363,974 tons 5.90%

Segment Performance

Blue Dart's business segments demonstrated varied growth rates:

  • B2C Segment: Grew by 17.90%, maintaining its position as a key growth driver
  • B2B Segment: Increased by 2.50%, with surface transport outpacing air transport
  • Ground E-commerce: Exhibited strong performance with 30% growth
  • Overall B2C Business: Maintained 18% growth

Business Mix

The company operates with a balanced mix of services:

  • 70% B2B and 30% B2C split
  • E-commerce accounts for approximately 30% of revenue
  • Documents contribute 25-30% to the revenue

Strategic Initiatives

Blue Dart has launched two significant initiatives to enhance its service offerings:

  1. Digital Account Opening Platform: Enables businesses to onboard and start shipping in under 10 minutes
  2. Green Integrated Ground Facility: Unveiled at Pataudi, Haryana, designed to boost the company's express network with sustainable technology-enabled infrastructure

Operational Efficiency

  • Aircraft utilization remains optimal at above 85% on a volumetric basis
  • Improved profit margins at 7% PBT level, attributed to favorable customer mix, product profile changes, and operational improvements

Management Commentary

Sagar Patil, CFO of Blue Dart Express, stated, "Blue Dart's quarterly performance reflects resilience in a dynamic and evolving environment, reinforcing the strength of our business model and our agility in responding to market shifts."

Future Outlook

While the company did not provide specific future guidance, management emphasized their ongoing efforts to improve margins and optimize their network design. The focus remains on yield improvement and cost rationalization to sustain and potentially enhance profitability.

Blue Dart Express continues to invest in digitization, green logistics, and customer-centric solutions, cementing its role as a preferred logistics service partner for India's growth journey. The company's strategic initiatives and robust performance in the e-commerce segment position it well to capitalize on the evolving logistics landscape in India.

Historical Stock Returns for Blue Dart Express

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%-5.19%+2.96%-20.27%-23.71%+45.59%
Blue Dart Express
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