Domestic air express market leader Blue Dart has reported a sharp rise of 21.41 percent in net sales in December quarter. Its sales figure rose to Rs 855 crore as against Rs 704 crore in the corresponding quarter last year. However, its bottomline came under pressure with profits dipping to Rs 31 crore as against Rs 45 crore in December 2017 quarter.
Balfour Manuel, Chief Executive Officer, Blue Dart said, “Investment into strategic growth areas has impacted profitability. In the last quarter, we invested to stay relevant, agile and adaptive in an environment that remains highly challenging. As leaders in the express logistics industry and trade facilitators for the country, our aim is to continue to delight our customers at every touch point through high service quality, best-in-class technological innovations, products and services”.
The company which saw a change in guard recently with the appointment of a new CEO is believed to be investing heavily in creating a robust B2C network aligned with the growing e-commerce business across the country.