Snowman Logistics: Pioneering India's Cold Chain Logistics Sector
This company, which is the only listed company in the segment of cold chain logistics, has a business model and a set of characteristics that set them apart from other listed peers, which we’ll understand through this article.
This company is a subsidiary of Gateway Distriparks Limited and operates the largest cold chain network in India, with 44 warehouses, including cold storage & dry warehouses, on over 3 million sq. ft. of land area across 21 cities. The company offers a complete range of facilities for the storage and transportation of frozen and chilled products.
With a market cap of Rs 747 crore, the shares of Snowman Logistics Ltd are trading at a price of Rs 44.7. The shares are trading at a PE of 256, whereas their industry PE is 25.8.
Snowman Logistics Limited has carved out a unique spot in India by specialising in cold chain logistics. With 44 warehouses in 21 cities and a fleet of 600-plus vehicles, the company uses advanced tech to keep food and pharma products at just the right temperature. Its business model is built on combining smart systems and reliable infrastructure to deliver safe, efficient storage and transport for hundreds of leading brands.
Revenue comes from three major services. Warehousing brought in Rs 124 crore in the first half of FY26, making up 39% of sales. Transport services added Rs 65 crore (20%), while trading and distribution grew rapidly to Rs 130 crore (41%), with that segment alone jumping 32% from last year. Snowman’s broad client base and steady growth reflect how well its tailored cold chain solutions are meeting India’s expanding needs.
The revenue from operations for the company is at Rs 155.65 crore in Q2 FY26 versus Rs 143.45 crore in Q2 FY25, which is an increase of about 8.5 per cent on a YoY basis. However, there has been a fall in net profit when we compare the Q2 FY25 profit of Rs 0.61 crore with the Q2 FY26 loss of Rs 2.91 crore.
Snowman Logistics is a premier company in India’s cold chain logistics sector, recognised for its modern infrastructure and advanced technological solutions. The company maintains a forward-thinking vision to lead the industry by focusing on technology and customer satisfaction to drive accelerated growth. The firm provides comprehensive supply chain services, including inventory management and distribution, positioning itself as a one-stop solution for all cold chain requirements.
To enhance its transportation efficiency, the company has recently bolstered its fleet by deploying 20 new 40-foot trailers and 50 new reefer vehicles. Demonstrating its operational excellence, the company’s warehouses operate at a high capacity utilisation rate of 91 per cent, underscoring its logistical strength.
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