Delhivery posted steady performance in its Q2 earnings, reflecting resilience despite sluggish e-commerce volumes. The logistics company saw revenue stabilize due to its diversified client base and expansion in B2B delivery. Cost optimization measures helped narrow operating losses, while management emphasized growth in express parcel and supply-chain automation. Analysts note that although demand recovery remains gradual, Delhivery’s efficiency initiatives position it strongly for FY26. The firm continues to strengthen partnerships with retail and enterprise clients to balance scale with profitability amid an evolving logistics landscape.