Allcargo Gati Limited — Investor Meet, 21-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Allcargo Gati's Q1 FY26 Express business revenue was INR 357 Cr, with gross margin at 25% (up 170 bps QoQ) and EBITDA margin at 4% (up 100 bps QoQ). Volume declined due to exiting unprofitable customer contracts, but new business additions saw a 120% surge YoY. The company targets 6.5-7% Express EBITDA margin for FY26 and market-plus volume growth. The merger of Express and Supply Chain businesses is expected by October, bringing significant customer and product synergies. Management is confident in operational efficiency and festive season demand for future growth.