Mahindra Logistics, a third-party logistics provider based in Mumbai, is maintaining its target for mid-teen volume growth, supported by new contracts and steady expansion in existing accounts. Although the company experienced a slowdown in recent quarters, it reported improved performance in the October-December 2024 quarter (Q3 FY25).

Rampraveen Swaminathan, the Managing Director and CEO of Mahindra Logistics, stated, “We have observed volume growth driven by festive demand. There is healthy growth in the e-commerce sector, along with stable activity in the automotive market, particularly in the passenger vehicle and two-wheeler segments. It’s a mixed picture overall. While there are challenges, most of our business clients have demonstrated considerable volume growth in the October-December 2024 quarter.”

The quick commerce and grocery segments are key growth areas for the company, bolstered by its active involvement in these markets through fulfillment centers and last-mile delivery services for customers. Both segments saw significant growth in the October-December 2024 quarter, and this trend is expected to continue into the January-March 2025 quarter (Q4 FY25). Mahindra

Logistics is confident about achieving an 18% return on equity (RoE) and reaching ₹10,000 crore in revenue by the financial year 2025-26 (FY26). The automotive business remains stable, showing consistent growth, especially in the passenger vehicle segment. The volumes in the January-March 2025 quarter will be further enhanced by new product launches from some customers.