back-office Open An Account
partner-with-us Partner with Us
Corporate Actions
Blue Dart announces general price increase

30-Sep-23   10:02 Hrs IST
Effective from January 1st, 2024, Blue Dart Express will implement a General Price Increase (GPI) that will impact its customers. The average shipment price is set to rise by 9.6% compared to the rates in 2023. This increase will be dependent on the specific shipping profile of each customer. However, customers signing up from 1 October to 31 December 2023, will not be impacted by the price increase.

The decision to review and adjust pricing annually is driven by a multitude of factors. These include current macroeconomic conditions, geopolitical tensions, tighter monetary and fiscal policies, inflationary pressures, and exchange rate fluctuations. All of these elements impact the cost structure, necessitating a reasonable tariff adjustment.

The company is also focused on reducing Co2 emissions and investing in green transportation technologies. Additionally, Blue Dart is making significant investments in its IT infrastructure to enhance data security and improve the user experience.

Balfour Manuel, managing director of Blue Dart, stated that the company's annual price adjustment aims to invest in infrastructure, cutting-edge technology, and sustainable solutions to ensure resilience and top-tier customer solutions. This includes advancements in aviation infrastructure, vehicle fleets, hub and gateway expansions, and a commitment to addressing rising costs while maintaining service excellence.

Blue Dart Express specializes in express air and integrated transportation services. They provide secure and reliable delivery of consignments to over 55,000 locations in India. As part of the DHL Group's DHL eCommerce division, Blue Dart has access to a vast global network covering over 220 countries and territories. They offer a comprehensive range of distribution services, including air express, freight forwarding, supply chain solutions, and customs clearance.

On a consolidated basis, net profit of Blue Dart Express declined 48.41% to Rs 61.28 on 4.31% decline in net sales to Rs 1237.55 crore in Q1 June 2023 over Q1 June 2022.

Shares of Blue Dart Express rose 0.29% to Rs 6687.40 on 29 September 2023.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.