Snowman Logistics Limited has informed the Exchange about Transcript
SNOWMAN · price
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Snowman Logistics and parent Gateway Distriparks held their Q4 FY26 earnings call on May 7, 2026. The West Asia conflict continues to weigh on volumes, impacting both imports (US, Europe, Middle East) and exports (rice, frozen foods). Jaipur ICD has its next court hearing in July for final arguments, while Indore is targeted for FY28 operations. Ankleshwar MMLP is ramping up with domestic volumes growing month-on-month and recently won an ArcelorMittal steel coil rake handling contract. Snowman's revenue target of INR1,000 crores has been deferred to around FY29, with management targeting 15% EBITDA margin at that scale. Capacity utilization stands at 86-87% with 160,000 pallets (double the next competitor's 80,000). COGS rose 20% despite only 10% revenue growth due to start-up costs at new warehouses and high DG expenses. Capex guidance for FY27 is around INR50 crores. Pricing increases are being pursued at contract renewals to pass on cost increases.
Snowman's expansion plans remain on track but the West Asia conflict is creating near-term uncertainty on volumes. The deferral of the INR1,000 crore revenue target and margin guidance being maintained at 15% EBITDA suggests conservative optimism. Investors should watch for Jaipur ICD court ruling and DFC commissioning timeline as key catalysts.