Shares of Blue Dart Express jumped over 6 percent in early trade after the company announced a general price increase (GPI) effective January 1, 2025. The price hike will range between 9 percent and 12 percent, varying based on product specifics and shipping profiles, as stated in an exchange filing.
Meanwhile, customers who sign up between October 1 and December 31 will be exempt from the price increase, the company said.
At 09.35 am, shares of Blue Dart Express were trading at Rs 8,502.35 on the NSE. In addition, trading volumes in the counter also remained high as 71,000 shares already changed hands so far, higher than the one-week daily traded average of 18,000 shares.
The pricing adjustments for 2025, which include inflationary adjustments and cost rationalization, are designed to partly cover spiraling long-term costs, such as rising input costs to operations, including but not limited to airline operating costs and infrastructure costs, while also supporting customers with customized and seamless deliveries, the company stated.
"This price adjustment is essential for sustaining our operational excellence while continuing to offer solutions centered on the needs of our stakeholders. In conjunction with our annual price adjustment, we are also mobilizing investments to expand our network, adopt the latest technologies, and enhance our service offerings. We are primed to capitalize on new opportunities and deliver even greater value to our customers and stakeholders,” Balfour Manuel, Managing Director, Blue Dart, said in an exchange filing.
Blue Dart's price hikes come days after industry peer Allcargo Gati announced a 10.2 percent average general price increase starting from January 1, 2025.
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