Snowman Logistics Q2 revenue up 9% to ₹155.7 crore, net income declines

Snowman Logistics reported a 9% year-on-year growth in Q2 FY26 revenue, reaching ₹155.7 crore, driven by strategic investments in cold chain infrastructure and integrated logistics solutions. The company's warehousing services grew by 9.6% year-on-year, while the trading and distribution vertical saw a robust 20.6% growth. The transportation segment experienced a temporary decline due to a customer mix shift, with recovery anticipated in coming quarters. Total income for Q2 FY26 was ₹156.2 crore, an 8.1% increase from Q2 FY25, while H1 FY26 total income rose 12.0% to ₹319.7 crore.

EBITDA for Q2 FY26 was ₹20.6 crore, an 11.0% decrease from Q2 FY25, with a margin of 13.2%. Net income for Q2 FY26 was -₹2.9 crore, down from ₹0.6 crore in Q2 FY25. For H1 FY26, EBITDA was ₹45.6 crore, a 3.5% decrease from H1 FY25, with a margin of 14.3%, and net income was -₹0.37 crore, down from ₹2.4 crore in H1 FY25. The company expanded its temperature-controlled facility in Kundli, adding 3,576 pallet positions, bringing its total capacity to 1,54,809 pallets across 44 warehouses in 21 cities.

Snowman Logistics, a subsidiary of Gateway Distriparks Limited, continues to leverage advanced customized software and IoT-based systems to enhance operational efficiency and service delivery across its extensive cold chain network.