Balmer Lawrie eyes 20% revenue growth to Rs 3000 cr for FY26, targets Rs 6000 cr revenue by 2030

Adhip Nath Palchaudhuri, Chairman and Managing Director, Balmer Lawrie & Co 
| Photo Credit:
Debasish Bhaduri

Diversified PSU Balmer Lawrie & Co is eyeing around 20 per cent y-o-y growth in its revenue to around Rs 3000 crore for this fiscal as the company expects its logistics business to become the largest contributor to the topline. The company has set a target of clocking Rs 6000 crore revenue by 2030.

In the logistics business, the company is entering two new areas: Rail logistics and third party logistics (3PL).

“We are going to foray into rail logistics, and our first rake should be getting commissioned this month itself. We will start carrying cargo for customers from the eastern part of the country to the northern part of the country. In this case, we have taken the rakes on lease from an American company. Depending on the nature of success, we will definitely look at the possibility of buying our own rakes. We already have an MoU with Braithwaite, so it is not impossible that we buy our own rakes,” Balmer Lawrie & Co Chairman and Managing Director Adhip Nath Palchaudhuri told reporters on Wednesday.

Initially, the company will handle finished steel cargo from the Rourkela steel plant of SAIL. It is also exploring tie-ups with RINL and NMDC.

Cold chain logistics

The third party logistics (3PL) warehousing will be a hub and spoke model. The main hub will be in West Bengal’s Dankuni, where it is taking around 1.5 lakh square feet of space, and there would be three spokes of 25,000 square feet each in Siliguri, Guwahati, and Bhubaneswar. Primarily, it would look for consumer durables companies. Later, it is planning to add cold chain logistics in Dankuni, which would cater to the companies in dairy, food and vegetables, meat, fish, pharma, and quick service restaurants.

“We aim to become an integrated player in the entire logistics space,” Palchaudhuri said.

Currently, industrial packaging is Balmer Lawrie’s largest business. The logistics business, which has been the second largest revenue contributor for the company, is expected to become the largest revenue contributor this fiscal, Palchaudhuri added.

The company posted a net profit of ₹232.79 crore for FY25, whereas revenue stood at ₹2,494.49 crore on a standalone basis.

Published on May 21, 2025