BLUEDART / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Blue Dart · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ4-FY26 · 2026-05-09Back to quarter ↗

Questions audited

Answered directly

58%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Kupas Shankar · Research desk

direct

Tonnage and parcel volumes for Q4 and full year.

tonnage for the quarter is 359913 tons... for the year sums up to close to about 14 lakh 38 39,000... parcels for the quarter were 96.17 million and for the year 403.98.

Kupas Shankar · Research desk

partial

E-commerce growth and segment growth rates.

e-commerce on ground continues to be growth driver... e-commerce on air has been steady... ground continues to grow faster more than 10%

Kupas Shankar · Research desk

partial

Extent of price hike realization and mix impact.

we did the GPI from 1st of January and it has been little better than last year... it would be better than 3 to 4%... the ultimate realization of profit will be more than 4%.

Kupas Shankar · Research desk

partial

Reason for sequential margin decline and segment growth.

ground continues to grow faster more than 10%... smaller products have grown slower... heavier shipments have lower margin realization.

Achel · Research desk

declined

Air vs ground mix in volume terms.

We don't provide the breakup for the of shipments or payload between air and ground being sensitive information.

Achel · Research desk

direct

B2B vs B2C revenue mix for FY26.

70.3 in B2B and 29.7... fourth quarter is 71 to 29.

Achel · Research desk

partial

Market share in air and surface segments.

we have seen the market share being 70% plus... again this is about the organized and express service providers not entire industry

Achel · Research desk

direct

Freighter utilization rate.

it continues to be at around 85% on a pallet utilization level... for the main sectors it would be well above 90% 95%

Achel · Research desk

evasive

Margin outlook and drivers.

our focus is normally to ensure a year-on-year yearly margin... quarter on quarter there can be ups and downs

Analyst · Research desk

direct

Impact of ATF price movement and pass-through.

for the quarter we didn't have any significant impact... from profitability point of view it is largely neutralized.

Analyst · Research desk

declined

Volume growth outlook for FY27.

without really giving a color of forward-looking statement... the approach is to more balance to ensure the profitability in absolute terms.

Shivom · Research desk

direct

What impacted EBITDA margin this quarter.

one reason would be heavier volume... increase in costs of local vehicle hiring... invested in front end functions... 2 crores here 3 crores here all combined totaling up to about 10 15 crores