Monday, February 6, 2023
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   

You can get e-magazine links on WhatsApp. Click here

MARKETING

Snowman reports record growth of 55% revenue in Q2 2022 & EBITDA of 27%
Saturday, 12 November, 2022, 15 : 00 PM [IST]
Our Bureau, Mumbai
During the quarter ended September 30, 2022, Snowman Logistics Ltd recorded revenue of Rs 108.62 crore as against Rs 70.07 crore for the same period in the previous year, registering a growth of 55%. EBITDA increased to Rs 24.11 crore from Rs 19.03 crore, registering a 27% growth for the same period in the previous year and PAT increased to Rs 2.67 crore from Rs 0.47 crore in the corresponding quarter of the previous year.

Speaking about the quarter’s performance, Sunil Nair, CEO, Snowman Logistics Limited, said, “I am happy that the strategies and efforts are visible in terms of improved performance.  With the launch of 5PL Services in the name of SnowDistribute, we expect to keep this momentum going. We have recently started offering this value-add service and will be rolling it out to more customers over the next few months."

Prem Kishan Dass Gupta, chairman, Snowman Logistics Limited, commented, “This has been the best performing quarter in the company’s history, in terms of revenue and EBITDA, and going ahead we see very good utilisation levels being maintained, and at the same time we are exploring new locations for setting up of both temperature controlled and dry warehouses.”
 
Print Article Back FNB News Twitter
Post Your commentsPost Your Comment
* Name :    
* Email :    
  Website :  
Comments :  
   
   
Captcha :
 

 
 
Food and Beverage News ePaper
 
 
Interview
“High cost to consumers is often the deal breaker”
Past News...
 
FORTHCOMING EVENTS
 

FNB NEWS SPECIALS
 
Overview
Packaged wheat flour market growth 19% CAGR; may reach Rs 7500 cr: Ikon
Past News...
 
 
Advertise Here
 
Advertise Here
 
Advertise Here
 
Recipe for Success
Bartending ‘interesting accident’, states aspiring mathematician Lal
Past News...



Home | About Us | Contact Us | Feedback | Disclaimer
Copyright © Food And Beverage News. All rights reserved.
Designed & Maintained by Saffron Media Pvt Ltd