A Journey of Growth, Innovation and Transformation
Dear Shareholders,
As we reflect on FY 2024 25, it is with immense pride that I share how
Blue Dart has continued to evolve and lead amidst a rapidly transforming economic and
geopolitical environment. This year has been marked by resilience, determination, and
meaningful progress-for both India and Blue Dart. With the country achieving a GDP growth
of 6.5%, solidifying its position as the world's fourth-largest economy, we are
witnessing an economic narrative driven by stability, strategic policy execution, and
inclusive innovation.
India's journey is one of ambition and purpose. The country's
rising GDP per capita, strong FDI inflows, thriving export sector, and digital
leadership-as recognized by the World Economic Forum-affirm its growing global influence.
In the face of global uncertainties, including inflationary pressures and protectionist
trade policies, India has emerged as a beacon of economic resilience and growth. The
logistics sector has been central to this transformation. Government-led initiatives such
as PM Gati Shakti, the National Logistics Policy, and record infrastructure allocations
have laid a robust foundation for seamless connectivity and multimodal integration. With
India's logistics market valued at over US$ 317 billion in 2024 and expected to reach
US$ 484 billion by 2029, Blue Dart is strategically aligned to support and drive this
momentum. In FY 2024 25, Blue Dart responded with agility and foresight. We strengthened
our position as a future-ready express logistics provider through investment in scalable
infrastructure, sustainable practices, and advanced technologies. From the launch of
India's largest integrated facility at Bijwasan to the deployment of new B737-800
freighters, we have sharpened our operational edge and reaffirmed our commitment to
accuracy, reliability, and speed.
In line with our focus on enhancing urban delivery capabilities while
staying environmentally conscious, we also partnered with the Delhi Metro Rail Corporation
(DMRC). This innovative collaboration leverages metro infrastructure to enable faster,
greener intra-city deliveries, helping reduce congestion and emissions while improving
last-mile efficiency.
Our performance this year stands as a testament to disciplined
execution and our ability to navigate complexity with resilience. Despite global economic
headwinds, Blue Dart reported revenue of Rs. 5,720.18 crore and delivered a net
profit of Rs. 244.63 crore, maintaining healthy margins. These figures underscore
not only our financial strength but also the enduring trust reposed in us by our
customers, employees, and stakeholders. The Board of Directors have proposed a dividend of
Rs. 25 (Rupees Twenty Five only) per share, subject to necessary approval by the
Shareholders at the ensuing Annual General Meeting of the Company. We continue to focus on
customer-centricity, investing in digital innovation to enhance transparency, reduce
turnaround times, and deliver superior service. Our expanded retail presence and footprint
across Tier I and II cities have enabled us to serve a broader customer base with
unmatched reliability.
Sustainability remains a cornerstone of our strategy. As a responsible
corporate citizen, Blue Dart is committed to minimizing its environmental impact. Our
growing EV fleet, energy-efficient operations, and ESG-practices demonstrate our
leadership in green logistics. It is an honour to have been recognized as India's
Most Sustainable Company in the Transport & Logistics sector by Business World in
2024.
Our people continue to be our greatest strength. Their dedication has
shaped Blue Dart into the Provider of Choice, the Employer of Choice, the Green Logistics
Partner of Choice, and the Investment of Choice. Our culture, rooted in the values of
Passion, Can Do, Right First Time, and As One, continues to inspire excellence and fuel
our success.
The year also brought global recognition. From being honoured as
India's Top Value Creator in logistics, to receiving accolades across sustainability,
service excellence and Legal & Compliance, Blue Dart's achievements have been nothing
short of remarkable. A proud moment for all of us was seeing the Blue Dart brand featured
on the iconic Nasdaq Tower in New York-a symbol of global recognition backed by domestic
excellence. Your Company endeavours not only to comply with statutory requirements but
also follow the principles of good and effective Corporate Governance that lay down a
strong emphasis on integrity, transparency and overall corporate accountability. Looking
ahead, Blue Dart remains committed to its Strategy 2030 vision-Accelerate Sustainable
Growth. With India's macroeconomic fundamentals strengthening, the logistics sector
transforming, and digital technologies reshaping commerce, the future holds extraordinary
opportunities. We are poised to capitalize on these, not just by keeping pace, but by
setting new standards for innovation, service, and responsibility.
On behalf of the Board and the entire Blue Dart family, I extend
heartfelt gratitude to our customers, employees, shareholders, and partners. Your trust
fuels our journey. Together, let us continue to shape the future of logistics, driving
growth, sustainability, and transformation for India and beyond.
Warm regards,
| Mumbai |
Prakash Apte |
| July 8, 2025 |
Chairman |