Pranik Logistics: Navigating Growth and Strategic Expansion in Q2 FY26

Pranik Logistics Limited, a key player in India's integrated logistics sector, has reported a robust performance for the second quarter of Fiscal Year 2026 (Q2 FY26), demonstrating significant growth despite prevailing market dynamics. The company's revenue from operations soared to INR 38.78 crore, marking an impressive 60.77% year-on-year increase. This strong top-line expansion was primarily fueled by sector-diverse demand and the momentum generated by the festive season stocking across consumer retail and essential goods.

While the revenue growth was substantial, the company's EBITDA for the quarter stood at INR 3.72 crore. The EBITDA margin experienced a dip to 9.59% from 12.73% in Q2 FY25. This reduction was largely attributed to the impact of a more-than-expected monsoon season, which affected sales volumes, particularly in the consumer durables segment. Despite this, management expressed confidence in returning to their target EBITDA margin of 10-11% in the coming quarters, citing sustained growth predictions and improved weather conditions. Profit After Tax (PAT) from operations reached INR 1.89 crore, an 8.00% increase year-on-year, though the PAT margin was influenced by depreciation from recent investments in software and capital expenditure.

Financial Highlights: A Snapshot of Performance

Note: All figures are based on Q2 FY26 internal audited statements. Growth reflects YoY comparison to Q2 FY25.

Strategic Imperatives: Fueling Future Growth

Pranik Logistics is firmly aligned with its 'Vision 2029', aiming to achieve a revenue milestone of INR 500 crore. This ambitious target is supported by a multi-pronged strategic framework. A key focus is geographic expansion, with proactive penetration into unpenetrated urban and Tier II cities. The company has already seen positive results from expansions in Gujarat and Karnataka, which have contributed to increased revenues. Management emphasizes a continuous review and strengthening of its presence across most states, aligning with India's rapidly expanding e-commerce and quick commerce sectors.

Fleet strengthening and green initiatives form another critical pillar. The company is optimizing its owned versus leased fleet mix and integrating Electric Vehicle (EV) and Compressed Natural Gas (CNG) vehicles. This not only enhances cost efficiency and operational flexibility but also aligns with environmental sustainability goals and government pushes for greener logistics. The recent addition of approximately 20 vehicles underscores this commitment.

Aggressive client acquisition and strategic partnerships are also central to their growth. In Q2 FY26, Pranik Logistics successfully onboarded new clients such as Meesho, Honda India Power Products Limited, and Mother Dairy. A significant Memorandum of Understanding (MoU) was signed with Central Warehousing Corporation, a Government of India Navratna undertaking, for comprehensive collaboration in logistics, warehousing, transportation, and ancillary services on a pan-India basis. This strategy aims to diversify the client base across high-growth sectors and secure large orders.

Technology and Operational Excellence

Pranik Logistics is committed to becoming a tech-driven logistics enterprise, leveraging advanced Transportation Management Systems (TMS) and Warehouse Management Systems (WMS). These systems are designed to enhance operational efficiency, optimize supply chains, and provide seamless end-to-end logistics solutions. Key features include tech-enabled route optimization, efficient management of customer returns (reverse logistics), finished goods yard management, and last-mile excellence. The WMS capabilities encompass modern infrastructure, temperature-controlled storage, value-added services like custom packaging and item tagging, and strategically located facilities across India, ensuring maximum efficiency and space utilization.

Outlook and Investor Confidence

Despite the seasonal challenges impacting margins in Q2 FY26, Pranik Logistics remains confident in its growth trajectory. The company expects H2 FY26 revenues to be similar to H1, projecting an estimated full-year revenue of approximately INR 156 crore. Management is committed to achieving 25% growth in both revenue and PAT, while also targeting 100% utilization of the remaining INR 1.25 crore from IPO funds allocated for warehousing capex by March 2026. The primary requirement for achieving the ambitious Vision 2029 is identified as working capital, indicating a focus on funding operational expansion. The company's asset-light model, high utilization rates (over 99%), and strong customer retention (over 92%) underscore its operational resilience and strategic clarity, positioning it as a dependable and future-ready logistics player in India.