During the quarter ended December 31, 2024, Snowman Logistics Ltd recorded revenue of INR 131.85 Crores as against INR 124.05 Crores for the same period in the previous year, registering a growth of 6.30%. EBITDA recorded at INR 21.83 Crores as against INR 27.50 Crores, in the corresponding quarter of the previous year.
Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limitedsaid, “The industry is currently navigating headwinds due to a slowdown in consumption patterns during Q3, especially in the QSR business. In addition, as Amazon no longer requires dedicated fulfilment centres for their cold chain business, we have discontinued the warehouses leased for them. Regarding our ongoing projects, our Kolkata expansion has been delayed from Q3 to Q4, however the project is nearing completion and expected to commence operations during current quarter. In addition, our Krishnapatnam expansion is well underway and expected to commence in Q1 of next year. We remain positive about growth in broader demand and are actively evaluating multiple new locations to expand our capacity in the next financial year through both owned and asset-light models.”
