Snowman Logistics Limited — Updates, 03-02-2025: Press Release

During the quarter ended December 31, 2024, Snowman Logistics Ltd. reported revenue of ₹131.85 Crore, marking a growth of 6.30% from ₹124.05 Crore in the same quarter last year. However, EBITDA saw a decline, coming in at ₹21.83 Crore compared to ₹27.50 Crore in the previous year. The company faces challenges due to reduced consumption patterns in the quick-service restaurant (QSR) segment and the discontinuation of warehouses previously leased to Amazon for cold chain operations.

The ongoing Kolkata expansion has been pushed to Q4 but is nearing completion, while the Krishnapatnam expansion is progressing well and is expected to commence in Q1 of next year. The company maintains a positive outlook on demand growth and is exploring multiple new locations for capacity expansion in the upcoming financial year, signaling potential growth opportunities for investors.