AVG Logistics targets ₹1,250 cr revenue by 2030, 15-20% FY27 growth
The logistics firm laid out medium-term goals in a concall, including liquid logistics and an LNG JV, but the session added little new beyond already disclosed Q4 numbers.
— 5 earlier stories on AVG Logistics Ltd. →What's new
- AVG targets 15-20% revenue growth in FY27 and ₹1,250 crore by 2030.
- Liquid-logistics expansion and LNG JV with Baidyanath to start within a month.
- Capex of ₹50+ crore for ~100 vehicles; Q4 profit included ₹21.19 crore lease gain called recurring.
Why this matters
The forward guidance is ambitious, but the concall contained no fresh earnings surprise. Management's characterization of a one-time lease gain as recurring may raise questions about underlying profitability.
What we're watching
- Whether FY27 revenue growth of 15-20% materializes.
- Launch of LNG JV and liquid logistics segment.
- Follow-up orders from Haldiram or other food-FMCG clients.
The full read
AVG Logistics wants to grow revenue 15-20% in FY27 and hit ₹1,250 crore by 2030, more than double FY26's ₹582 crore. The growth plan hinges on a new liquid-logistics segment and an LNG joint venture with Baidyanath Group that starts within a month. Capex of ₹50+ crore will add about 100 vehicles. The Q4 profit included a ₹21.19 crore lease termination gain that management calls recurring because the firm regularly signs long-term leases. Whether that view holds is the open question, a gain tied to a specific cancellation. Hardly a smooth baseline. The concall added no new financials beyond the numbers released weeks earlier, and the stock already absorbed the delayed-results overhang. Execution on the Haldiram contract and green-fleet initiatives with Nestlé and Ashok Leyland will be the test.
Questions answered
- What is AVG's revenue growth target for FY27?
- AVG aims for 15-20% consolidated revenue growth in FY27, following FY26 revenue of ₹582 crore.
- How does the Vision 2030 target compare to current revenue?
- The Vision 2030 target of ₹1,250 crore is more than double FY26's ₹582 crore.
- What is the LNG joint venture and when does it start?
- AVG has a 50-50 LNG JV with Baidyanath Group, with operations expected to begin within a month.
- Is the ₹21.19 crore lease termination gain really recurring?
- Management described it as recurring because the company regularly enters long-term leases, but the gain is tied to a specific lease termination event.
- How much capex is planned for FY27?
- AVG plans over ₹50 crore in capex to add around 100 vehicles.
- What is the significance of the Haldiram dedicated-fleet contract?
- AVG sees the contract as a platform to win more orders from the food-FMCG sector.
AVG Logistics Ltd.
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All notes on AVG →- 30 Jun 2026 · 1:03 PM IST AVG Logistics targets ₹1,250 cr revenue by 2030, 15-20% FY27 growth
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