Snowman Logistics Limited has declared its first interim dividend for the current financial year, marking a positive development for shareholders. The Board of Directors approved the dividend declaration at their meeting held on February 06, 2026.

Dividend Details

The company has announced key parameters for the interim dividend distribution:

Regulatory Compliance

The dividend announcement was formally communicated to stock exchanges as required under Regulation 42. The company notified both the National Stock Exchange of India Limited and BSE Limited about the interim dividend declaration and record date fixation.

Exchange Details:

• NSE Scrip Code: SNOWMAN
• BSE Scrip Code: 538635
• Equity ISIN: INE734N01019

Shareholder Eligibility

Shareholders holding equity shares as of the record date February 12, 2026, will be eligible to receive the interim dividend payment. The record date serves as the cut-off for determining which investors qualify for the dividend distribution.

The announcement was signed by Sohan Singh Dhakad, Company Secretary & Compliance Officer (ACS No. 63562), confirming the official nature of this corporate action. This interim dividend represents the first such distribution for the Financial Year 2025-26.

Snowman Logistics and its parent company Gateway Distriparks Limited (GDL) have reported mixed results for the second quarter, with rail operations showing growth while facing challenges in the Container Freight Station (CFS) and cold chain segments.

Rail Operations Show Resilience

GDL reported an EBITDA per TEU of INR 9,300.00 for its rail operations in Q2. The company has seen an increase in its double-stack percentage from 39% in the previous quarter to 41% in the current quarter, indicating improved operational efficiency.

Samvid Gupta, Joint Managing Director of GDL, expressed optimism about future growth: "We're expecting double-digit growth closer to maybe 10% to 15% from our existing locations over the next 2 to 3 years, not counting Ankleshwar and domestic volumes or any other new location."

Market Share and Expansion

GDL has maintained its strong position in key markets:

The company has also commenced domestic services from Ankleshwar, targeting 1,000+ TEUs monthly within two years. This move into the domestic market is part of GDL's strategy to diversify its operations and mitigate risks associated with international trade fluctuations.

CFS Segment Faces Temporary Setback

The CFS segment experienced a dip in performance, with EBITDA per TEU dropping to INR 1,000.00. Samvid Gupta attributed this to "some one-offs, which included legal costs and repair and maintenance. There was also a dip in exports because of the US tariff situation." However, he expressed confidence that this would improve in the coming quarters, with a target range of INR 1,300.00 to INR 1,400.00 per TEU.

Snowman Logistics: Challenges and Strategies

Snowman Logistics, GDL's cold chain subsidiary, faced challenges in both its transportation and warehousing segments:

Transportation Segment:

• PBT margins dropped to breakeven levels
• The company is realigning its business model and removing low-margin operations
• Management expects to restore margins to high single-digit PBT levels

Warehousing Segment:

• Revenue maintained at INR 60.00 crores
• PBT margins declined from 12% to 3% due to:
  1. Reduced capacity utilization
  2. Weather-related power cuts increasing diesel consumption
  3. Stress in seafood warehouses

Padamdeep Singh Handa, CEO of Snowman Logistics, stated, "We are seeing positive traction from December onwards till the year-end, we are expecting good volumes."

Future Outlook and Strategies

1. Expansion Plans: Snowman Logistics plans to invest INR 100.00-150.00 crores annually, primarily for developing two to three owned warehouses.

2. Fleet Optimization: The company is moving out aging fleet and replacing it with new vehicles, with a focus on leasing and some capex on EVs and CNG vehicles.

3. 5PL Segment Growth: Snowman is working on securing 2-3 major accounts in the 5PL space, with at least one expected to close.

4. Trade Agreements: GDL expects positive impacts from potential trade deals with the UK, EU, US, and other countries, which could boost container volumes.

5. Domestic Market Entry: GDL's move into domestic services from Ankleshwar represents a strategic shift to balance its portfolio and reduce dependence on international trade.

As both companies navigate through temporary challenges, they remain focused on long-term growth strategies and market expansion. The management's outlook suggests a cautious optimism for the coming quarters, with expectations of improved performance across various segments.