Management Commentary

Mr. Padamdeep Singh Handa, CEO & Whole-time director, provided commentary on Q1 FY27 performance. The company reported a resilient performance despite a challenging operating environment due to the geopolitical situation. The strength of the business model and continued focus on operational efficiency were highlighted. Strategic investments were noted in expanding cold chain infrastructure, enhancing network capacity, and strengthening integrated logistics solutions. The continued focus on digital transformation was stated to be enhancing customer experience through technology-enabled platforms, real-time visibility, and data-driven decision-making. Operationally, the warehouse network was reported to maintain healthy utilization levels. Seasonal demand is expected to strengthen, and the company has a healthy pipeline of new customer acquisitions, supporting confidence for improving throughput, enhancing asset utilization, and delivering sustainable growth.

Financial Performance (Q1 FY27)

Profit & Loss Statement (₹ crore):

  • Revenue from Operations: ₹177.7 crore (YoY growth: 9.2%; QoQ growth: 24.9%)
  • Other Income: ₹0.7 crore
  • Total Income: ₹178.4 crore (YoY growth: 9.1%)
  • Cost of Goods Sold (COGS): ₹63.9 crore
  • Operating Expenses: ₹58.0 crore
  • Employee Expenses: ₹12.0 crore
  • Other Expenses: ₹15.1 crore
  • EBITDA: ₹29.3 crore (YoY growth: 16.8%; QoQ growth: 18.1%)
  • EBITDA Margin: 16.4% (vs. 15.3% in Q1 FY26 and 17.3% in Q4 FY26)
  • Depreciation: ₹17.4 crore
  • EBIT: ₹11.9 crore (YoY growth: 24.6%)
  • Finance Cost: ₹6.5 crore
  • PBT before Exceptional Items: ₹5.4 crore (YoY growth: 37.2%)
  • Exceptional Items: ₹-1.6 crore (arising from the impact due to revised salary structure)
  • PBT after exceptional items: ₹7.0 crore (YoY growth: 77.1%)
  • Profit Before Tax Margin: 3.9%
  • Tax: ₹2.5 crore
  • Profit After Tax (PAT): ₹4.5 crore (YoY growth: 77.0%; QoQ change: -18.1%)
  • PAT Margin: 2.5%

Full Year Comparison (₹ crore):

  • FY26 Revenue from Operations: ₹604.4 crore (YoY growth vs. FY25: 9.4%)
  • FY26 EBITDA: ₹94.5 crore (YoY growth vs. FY25: 1.0%)
  • FY26 PAT: ₹33 crore (YoY change vs. FY25: -41.2%)

Segment Performance

Segment revenue growth for Q1 FY27 on a Year-on-Year (YoY) basis:

  • Warehousing Services: 12.6% growth
  • Transportation: 8.7% growth
  • Trading & Distribution: 6.2% growth

Operational and Business Overview

Business Snapshot:

  • Industry Leader in cold chain Logistics & Supply Chain.
  • Over 3 million+ sq. ft. of land area.
  • 45 warehouses, including cold storage & dry warehouses.
  • 600+ trucks ensuring a robust nationwide network.
  • A subsidiary of Gateway Distriparks Limited.

Service Offerings:

  • SNOWLINE®: Long-haul transportation with real-time tracking and temperature monitoring.
  • SNOWPRESERVE®: Advanced temperature-controlled warehousing solutions (-25° C to +25° C).
  • SNOWREACH®: Short-haul or city delivery management for last-mile connectivity.
  • SNOWDISTRIBUTE®: A 5PL super stockist solution encompassing inventory ownership, sourcing, procurement, distribution, and consolidation.

Technology-Driven Logistics Ecosystem:

  • Microsoft Dynamics 365 Business Central ERP and WMS for operations, warehousing, finance, CRM, supply chain, analytics, and warehouse MIS.
  • Transport management system for contract management and on-time delivery performance.
  • 24x7 Command centre for IoT-based dynamic monitoring of vehicles.
  • Online chamber monitoring for real-time temperature control.
  • Order management system.
  • Mobile app-based online checklists for warehouse compliance.
  • Digital lock (chamber/vehicle) with secure electronic locking system.
  • Dashboards, reports, and a complaint ticketing system.

Warehouse Division Key Features:

  • Dedicated and variable model, shared and dedicated facilities, fulfilment centres, bonded warehouses.
  • Services include receipt, pick, pack & dispatches, returns management, packing, repacking, labelling, EXIM operations, blast freezing.
  • Strategically located warehouses with multi-purpose separate chambers, separate ante room & packing rooms, reefer plug for transport vendors, 100% power backup with integrated solar power, and G+4/G+5 racking.

Trading & Distribution Division (SNOWDISTRIBUTE®) Key Features:

  • Introduced 5PL in the cold chain logistics / SCM sector.
  • Services include forecasting, material planning, sourcing and procurement, stock management, inventory ownership, vendor management, compliance management, end-to-end service including billing and collections, and vendor audits.

Operational Capabilities (Average Monthly):

  • Pallets handled: 170,000+
  • Trips: 2500+
  • SKU's handled: 3000+
  • UOM handled: 70+ Mn
  • Drops: 5000+
  • Customer stores served: 1200+
  • Vendor partners: 200+

Company and Contact Information

  • NSE Symbol: [SNOWMAN]
  • Equity ISIN: INE734N01019
  • Corporate office: Wing B of 4th Floor, Prius Platinum, Saket District Centre, Saket, New Delhi—110017.
  • For investor relations: Mrs. Richa Gupta, Email: investorrelations@snowman.in, Contact no.: +91 9903548411.