Blue Dart CFO expects 'healthy double-digit' topline growth ahead

Aneel Gambhir, CFO of Blue Dart, spoke to CNBC-TV18 about the company's business plans and growth outlook.

“We have invested very aggressively into reaching to pan India location. So if you have been following our press releases, we have mentioned already that from about 6,500 to about 17,500 pin codes we are trying to cover this year. By year-end it will be about 19,100 pin codes wherein we would be covering Pan India and reaching every Indian household. So taking that into account, these investments have been having a short-term impact on our operating cost. That is where you see impact of that in current quarter’s profitability,” Gambhir said on Friday.

“There have been two big initiatives taken by government which had an impact on the economy but with both of them settling down – demonetisation has already settled down and goods and services tax (GST) has also almost settled down, we see that Indian economy to be on a growth trajectory and as a result, we are also seeing those reflecting in our numbers. So current quarter is about 13.5 percent and half year is about 12 percent growth on topline. With the economy further inching up and GST benefits coming in, we expect this healthy double digit growth to continue in times to come,” he said.