For the quarter ending December 31, 2024, Snowman Logistics Ltd reported a revenue of INR 131.85 crores, up 6.30% from INR 124.05 crores during the same period last year. However, EBITDA for the quarter stood at INR 21.83 crores, down from INR 27.50 crores in Q3FY24.
Commenting on the results, PremKishanDass Gupta, Chairman of Snowman Logistics, stated, “The industry faced challenges this quarter, with a slowdown in consumer demand, especially in the Quick Service Restaurant (QSR) sector. Additionally, due to changes in Amazon’s cold chain requirements, we have ceased operations at the warehouses leased to them. While our Kolkata expansion faced delays from Q3 to Q4, the project is nearing completion and will be operational soon. Our expansion at Krishnapatnam is progressing well and is expected to launch in Q1 next year. We remain optimistic about overall demand growth and are actively exploring new locations for expansion in the upcoming financial year, through both owned and asset-light models.”
Snowman Logistics is India’s leading provider of integrated temperature-controlled logistics services. The company operates 41 strategically placed warehouses with a total pallet capacity of 1,41,197 across 20 cities, including key markets like Mumbai, Chennai, Bengaluru, and Kolkata. Snowman serves a diverse range of industries, including dairy, canned food, poultry, seafood, healthcare, and pharmaceuticals, ensuring reliable transport of temperature-sensitive products across India.
Snowman Logistics Limited is a leading integrated temperature-controlled logistics service provider in India, catering to industries like food and beverages, pharmaceuticals, and other perishable goods. The company specializes in cold storage, warehousing, and transportation, ensuring the seamless handling of temperature-sensitive products across its extensive network of facilities strategically located nationwide.
With state-of-the-art infrastructure and a strong focus on quality and efficiency, Snowman Logistics supports clients in maintaining product integrity and meeting stringent regulatory standards. Its commitment to innovation, sustainability, and customer-centric solutions has positioned it as a trusted partner in India’s fast-growing cold chain logistics sector.
