<ul data-eligibleForWebStory="false"><li>Delhivery shares gained 3.22% on the BSE following a positive outlook from Motilal on its growth potential in the express logistics sector.</li><li>Motilal expects Delhivery’s EBITDA margins to increase from 4.2% in FY25 to 7% in FY28, with anticipated EBITDA and APAT CAGR of 36% and 52% respectively over FY25-28.</li><li>Delhivery has shown a 32% revenue CAGR during FY19-25 focusing on the express parcel business, with efforts to improve RoE to 5.6% in FY28 from 1.8% in FY25.</li><li>While Motilal sees strong growth prospects for Delhivery, it cautioned about risks related to slower e-commerce growth and lower B2B express market penetration.</li></ul>

Delhivery shares gain 3% as Motilal sees strong growth outlook

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