Strategically located in the Delhi NCR region, the Kundli facility is equipped with state-of-the-art technology and robust infrastructure to serve a wide array of industries, including Quick Service Restaurants (QSR), Ice Cream, Dairy, Confectionery, Ready-to-Eat Meals, Bakery, Fresh Produce, and Pharmaceuticals.

Prem Kishan Dass Gupta, Chairman, Snowman Logistics, said, “Following our recent expansions in Kolkata and Krishnapatnam through company-owned assets, the Kundli facility marks a significant step in strengthening our presence in the Delhi NCR region through an asset-light model. We remain optimistic about the growing demand for temperature-controlled warehousing and will continue exploring both owned and leased avenues to scale our network.”

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Annually, the company recorded a revenue of INR 503.37 crore for FY 23-24, up from INR 417.65 crore the previous year (FY22-23). EBITDA rose to INR 108.32 crore from INR 96.07 crore, but PAT for the year was INR 12.71 crore, slightly lower than INR 13.40 crore the previous year. The decline in PAT was due to the deferred tax asset reversal of INR 4.34 crore, which is not a cash outflow.

Commenting on the performance, Sunil Nair, CEO, Snowman Logistics, said, “We are pleased with these results, which align with our plans. Surpassing the threshold of INR 500 crore in revenue and INR 100 crore in EBITDA positions us to target even larger numbers in the near future. The construction at our Kolkata and Lucknow projects is progressing well, and these facilities are expected to be operational in Q2 of this year.”

Prem Kishan Dass Gupta, Chairman, Snowman Logistics, commented, “I am proud to announce that our company has performed exceptionally well, reflecting the fast-growing demand in the cold chain logistics industry. Our state-of-the-art infrastructure and exemplary services have established us as the foremost provider in the nation, a distinction consistently acknowledged by our esteemed customers.” He further added, “Moving forward, we are resolutely committed to continued investment in additional locations and the expansion of our network, ensuring our sustained leadership in this dynamic sector.”

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For the nine months ending December 31, 2023, Snowman Logistics Ltd reported a revenue of INR 376.83 crore, marking a 23% increase from the previous year’s INR 305.30 crore. The EBITDA rose to INR 78.46 crore, reflecting an 11% growth from the previous year’s INR 70.51 crore. Additionally, the Profit After Tax (PAT) increased to INR 10.56 crore from the previous year’s INR 8.30 crore, indicating a growth of 27% compared to the corresponding period of the previous year.

“Speaking about the company performance, Sunil Nair, CEO, Snowman Logistics Limited, said, “In Q3, we typically face a carryover of the lean period from Q2, and this year has been no exception. However, we are pleased to have consistently performed better in both Revenue and EBITDA, and we look forward to a stronger performance in Q4”.

“Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited, said, “We are pleased to announce that our new Guwahati location is now operational, which is under an asset-light model. Concurrently, the construction of our new facility in Calcutta is well underway. Our focus on expansion is ongoing as we evaluate new opportunities to increase our capacities, particularly in areas where we are already operating at full capacity and where the market is also experiencing growth, ensuring that we continue to meet the rising demand efficiently.”

Snowman Logistics specializes in handling bulk quantities of temperature-sensitive products. From dairy items such as butter and cheese to canned goods, poultry, meat, seafood, as well as healthcare and pharmaceutical products, Snowman delivers comprehensive solutions tailored to meet the stringent requirements of its clientele. Operating across 20 cities, including key hubs like Mumbai, Chennai, Bengaluru, and Kolkata, Snowman’s 45 strategically positioned warehouses offer 1,41,405 pallets of combined capacity.

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