Name: Latest research reports of Blue Dart Express Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Blue Dart Express Ltd.
Rating: 5
Author: ICICI Securities Limited

Attractive risk reward; margins may have bottomed out

Buy: Blue Dart Express Ltd.

Recommendation Target

ICICI Securities Limited

Blue Dart Express’ (BDE) Q1FY26 performance was below consensus estimates. Number of shipments rose 4.4% YoY while volume (in tonnage) grew 8.6% YoY.