Snowman Logistics' Stock Price up by More Than 2% Today After Company Opens Two New Warehouses

Mumbai, June 25, 2025 – Snowman Logistics Ltd (NSE: SNOWMAN, BSE: 538635) advanced 2% in early trade on Wednesday, following the company’s announcement of the operational launch of two new temperature-controlled warehouses in Kolkata and Krishnapatnam.

Equipped with cutting-edge technology, the new facilities incorporate automation to cater to a wide range of industries.

The Kolkata facility has a capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets.

As of 1:18 PM, the stock was trading at ₹61.09, up by 2.48% for the day. After opening in green, the stock hit an intraday high of ₹61.80  and has since maintained moderate gains.

Key Stock Metrics (As of 1:18 PM IST)

New Warehouse Operations and Capacity Expansion

Snowman Logistics has commenced operations at two newly built, owned cold storage facilities:

The company’s total pallet capacity now stands at 1,50,754 pallets across 43 warehouses in 20 cities. The network is supported by a fleet of 296 owned and over 325 leased refrigerated vehicles, strengthening last-mile connectivity.

Expansion Expected

These modern facilities are equipped with automation technologies to boost operational efficiency and serve diverse industries including seafood, dairy, QSR, bakery, fruits & vegetables, and pharmaceuticals.

What The Company Has To Say

Chairman Prem Kishan Dass Gupta remarked,

“The completion of our Kolkata and Krishnapatnam facility marks another significant step in our mission to provide best-in-class cold chain solutions. We are very confident that the requirement for cold chain will grow exponentially in the country, and we will continue to expand our network.”

Company Snapshot

Outlook

Snowman Logistics’ stock gained after launching new cold chain warehouses, signaling investor confidence in its expansion strategy. The steady intraday performance reflects optimism around rising cold storage demand, with the company expected to benefit from sectoral growth and increased operational capacity.

About Snowman Logistics

Snowman Logistics Ltd is India’s leading provider of integrated temperature-controlled logistics solutions. With presence across 20 cities and a customer base spanning key sectors like food processing, healthcare, and FMCG, the company is well-positioned to capture growth from increasing demand for cold chain infrastructure in India. The stock is actively traded on both NSE and BSE.

REF: https://nsearchives.nseindia.com/corporate/SNOWMAN8_25062025092832_Intimation_Press_Release_25062025_sd.pdf

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