Blue Dart to implement general price increase effective January 1

30 Sep 2024 , 05:32 PM

Blue Dart Express Ltd. announced on Monday, September 30, that it will adopt a general pricing hike effective January 1, 2025.

The average price increase will be between 9 and 12%, depending on product variations and shipping profiles.

According to a statement from Blue Dart, the pricing revisions for 2025, which include inflationary adjustments and cost rationalisation, are intended to partially offset spiralling long-term costs. These include increased input expenses for operations, such as aircraft operating costs and infrastructure expenditures, as well as providing clients with tailored and smooth deliveries.

Blue Dart Express’s Managing Director, Balfour Manuel, stated that the company is well-positioned to seize new possibilities and provide greater value to consumers and stakeholders.

As we enter 2025, we remain committed to providing great and trustworthy services. This price change is critical for maintaining our operational excellence while continuing to provide solutions based on the needs of our stakeholders, he stated.

Analysts blame persistent geopolitical difficulties for skyrocketing freight costs, which are projected to impact profitability of domestic enterprises with significant overseas exposure this fiscal year.

Blue Dart Express Ltd. shares closed nearly 1% higher at ₹8,171.05. The stock has grown by more than 12% so far in 2024.

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