Blue Dart to hike prices by 9.8% from January 1, 2020
August 30, 2019: Express air and logistics company Blue Dart Express Limited will implement a General Price Increase (GPI), effective January 1, 2020.
August 30, 2019: Express air and logistics company Blue Dart Express Limited will implement a General Price Increase (GPI), effective January 1, 2020. The average shipment price increase will be 9.8 percent as compared to 2019, dependant on the shipping profile.
While the price increase will apply to all customers signed up until August 31, 2019, those signing up between September 1 and 30, 2019 will continue to enjoy benefits at the existing rates, till December 31, 2020. This is generally applicable to sign ups between October to December of the previous year.
Blue Dart offers a wide range of innovative and simplified solutions across industry verticals.
Balfour Manuel, managing director, Blue Dart said, “The price adjustment will allow us to further enhance our capabilities and enable us to delight our customers by providing them high quality solutions and services, best-in-class technology and innovative products.”
The company takes into account inflation, currency dynamics, fuel cost fluctuations and other rising regulatory and mandatory costs, such as expenses related to compliance for the workforce before adjusting its pricing every year.
Earlier this month, Blue Dart Express announced its financial results for the quarter ended June 30, 2019 at its board meeting held in Mumbai.
On like to like basis, Profit Before Tax for the quarter ended June 30, 2019 was Rs22.57 crore on standalone basis. Effective April 1, 2019, the company adopted the Ind AS 116, a new accounting standard due to which there was an impact on leases for Air infrastructure of Rs15.71 crore. As a result, Profit Before Tax stood at Rs6.86 crore for the quarter, as per Ind AS 116.