DELHIVERY / Q1-FY25 / claim-ledger

Audit the questions that mattered.

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

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PositiveQ1-FY25 · 2024-07-19Back to quarter ↗

Questions audited

Answered directly

77%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Sachin Salgaonkar · Bank of America

direct

Reason for change in depreciation methodology from WDV to straight-line.

Number one is to be in line with our industry comparables... Number two, when we adopted WDV method... we were not 100% sure of how the asset quality would turn out...

Sachin Salgaonkar · Bank of America

partial

Is the worst over for express volume shipments?

I think though we had indicated that we expected to see growth in this quarter, and we have delivered that... I anticipate that our steady-state volumes will continue in line with what we forecasted...

Sachin Salgaonkar · Bank of America

direct

Is Delhivery capitalizing on quick commerce growth?

we've launched a new product... a network of shared dark store warehousing... to provide a rapid local delivery... I don't think that's going to be a very significant driver of revenue for us in the short or the medium term.

Sachin Salgaonkar · Bank of America

direct

Unit economics of the new quick commerce model?

The unit economics of trying to deliver... a kajal in 20 minutes... are never going to be very good... rapid commerce... 4-hour delivery... unit economics... are still positive.

Vijit Jain · Research desk

direct

Will you offer dark last mile delivery as well?

We already do fulfillment from warehouses to... This is going to be a service which also connects the last mile.

Vijit Jain · Research desk

direct

Will top quick commerce companies use your dark stores?

No, I don't anticipate that they will be immediate consumers of our dark store infrastructure... it's a very different kind of inventory...

Gaurav Rateria · Morgan Stanley

direct

How broad-based was Express Parcel growth from non-marketplaces?

we've seen growth across all categories and across all client segments... it's been spread across categories, across customer sizes, across customer types...

Gaurav Rateria · Morgan Stanley

declined

How big are C2C initiatives as a percentage of revenue?

We don't break out the numbers exactly, so unfortunately, I can't reveal those, but this has been growing for us year-over-year.

Gaurav Rateria · Morgan Stanley

direct

Market share trend in 3PL segment?

Inter se across the third-party logistics companies, there hasn't been any significant sort of inter se movement of market share. So our position as the largest 3PL continues.

Sachin Dixit · Research desk

direct

How many dark stores will Delhivery build?

The answer to that is no... we already operate 3,450-odd delivery stations across the country. So we do not anticipate that we're going to have to build out anywhere near 1,000 dark stores...

Sachin Dixit · Research desk

evasive

Timeline for insourcing headwinds to end?

In Meesho's case, I can't really comment for... how long or what this exact strategy... is going to be.

Aditya Bhartia · Investec India

evasive

Has market share of online sales declined due to Meesho insourcing?

Yeah, I mean, I could say that, but...