What’s new

• Won a three-year transportation contract from Haldiram-Nagpur with 100 dedicated vehicles.
• Contract worth ~₹35 crore annual revenue, about 6.35% of FY25 revenue.
• Covers distribution across western, southern, and key eastern states.

Why it matters

For a nano-cap logistics firm, a long-term binding deal from a national brand like Haldiram is material. It boosts revenue visibility, improves fleet utilisation, and could drive earnings upgrades. At 11% of market cap, the contract is a meaningful step in scaling FMCG logistics.

What we’re watching

• Whether AVG can convert this into repeat business with Haldiram or other FMCG majors.
• Impact on margins given dedicated fleet costs.
• Future order wins in the FMCG segment to reduce revenue concentration.

The full read

AVG Logistics just locked in a three-year transportation deal from Haldiram-Nagpur. Worth ₹35 crore a year. That's 6.35% of FY25 revenue and 11% of its market cap. For a nano-cap that saw revenue dip 5.9%, this is a material reversal — a binding, long-term contract that gives earnings visibility most small logistics firms can only dream of. It's also a branding win: Haldiram is a household name, and AVG already counts Nestlé, HUL, Maruti, and ITC as clients. The open question is margin on dedicated fleet operations. But this deal alone puts AVG on a different trajectory.

Hardly routine.

Primary source: BSE · NSE