Blue Dart to implement 9.6% general price increase from 2024

he price increase will be 9.6 percent, depending on the shipping profile. According to Blue Dart, the decision was taken keeping in mind the macro economic conditions, geopolitical tensions, tighter monetary and fiscal policies, inflationary pressures and exchange rate fluctuations. All these factors, the filing said, impacts cost structure. Hence the decision for price increase was taken. Also read: Here's what the industry expects from the national logistics policy launching today Belfour Manuel, Managing Director, Blue Dart said that through the annual price adjustments they are channeling investments into their infrastructure and vehicle fleets, expansion of their hubs and gateways to meet customer demands. "Our annual rate adjustment primarily aligns with inflation and empowers us to maintain service excellence while addressing rising costs," he said in a release. The logistics major is also planning investments in IT infrastructure to "ensure data security and delivering world class user experience." For the quarter ending June 2023, Blue Dart reported net sales of Rs 1,237.55 crore, down 4.81 percent year on year, compared to Rs. 1,300.05 crore in June 2022. Net profit for the quarter was also down 48.41 percent to Rs 61.28 crore for the same period. Earnings before interest, taxes, depreciation and amortisation stood at Rs 200.87 crore for the June 2023 quarter, 26.68 percent down from Rs. 273.96 crore in June 2022. Blue Dart is an express air, integrated transportation & distribution company, offering delivery of consignments across India.

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Air and integrated logistics company Blue Dart announced a decision to implement a General Price Increase, effective January 2024. According to a regulatory filing on September 30, the price increase will be 9.6 percent as compared to 2023, depending on the shipping profile.

According to Blue Dart, the decision was taken keeping in mind the macro economic conditions, geopolitical tensions, tighter monetary and fiscal policies, inflationary pressures and exchange rate fluctuations. All these factors, the filing said, impacts cost structure.

However, the logistics company also mentioned that customers signing up from October 1- December 31 will not be impacted by this price hike.

Also read: Here's what the industry expects from the national logistics policy launching today

Belfour Manuel, Managing Director, Blue Dart said that through the annual price adjustments they are channeling investments into their infrastructure and vehicle fleets, expansion of their hubs and gateways to meet customer demands. "Our annual rate adjustment primarily aligns with inflation and empowers us to maintain service excellence while addressing rising costs," he said in a release.

The logistics major is also planning investments in IT infrastructure to "ensure data security and delivering world class user experience."

Meanwhile, shares of Blue Dart on September 29 closed 0.31 percent lower at Rs 6,647.20 apiece on BSE.

For the quarter ending June 2023, Blue Dart reported net sales of Rs 1,237.55 crore, down 4.81 percent year on year, compared to Rs. 1,300.05 crore in June 2022. Net profit for the quarter was also down 48.41 percent to Rs 61.28 crore for the same period. Earnings before interest, taxes, depreciation and amortisation stood at Rs 200.87 crore for the June 2023 quarter, 26.68 percent down from Rs. 273.96 crore in June 2022.

Blue Dart is an express air, integrated transportation & distribution company, offering delivery of consignments across India. On September 29, shares of Blue Dart closed at Rs 6,642,10, down 0.3 percent from open.