Snowman Logistics adds 10,000 pallets in Hyderabad cold-storage hub
Snowman nearly triples Hyderabad cold-storage capacity with a new 10,000-pallet BTS facility on the NH-44 corridor, targeting food and pharma demand.
What's new
- New 10,000-pallet cold storage in Hyderabad's NH-44 logistics belt.
- Built-to-suit model; operational by Q2 next financial year.
- Complements existing 6,800 pallets; pan-India network to exceed 154,319 pallets.
Why this matters
For a micro-cap with a P/E of 191x and trailing revenue growth of just 3.9%, this capacity addition signals confidence in demand from seafood and pharma. The BTS model limits capex risk while adding ~6.5% to total capacity.
What we're watching
- Utilisation rates of the new facility once operational.
- Any capex or lease disclosure from the BTS agreement.
- Revenue growth trajectory in the next few quarters.
The full read
Snowman Logistics is nearly tripling its Hyderabad cold-storage capacity. The company announced a new 10,000-pallet temperature-controlled facility on the NH-44 corridor, complementing the existing 6,800 pallets. The built-to-suit model keeps capex off Snowman's books while targeting demand from seafood, ice cream, QSR, and pharma. Construction has started; operations begin Q2 next fiscal. With this, the pan-India network expands beyond its current 154,319 pallets across 21 cities — a ~6.5% increase. For a micro-cap with a P/E of 191x and trailing revenue growth of just 3.9%, this is a calculated bet on Hyderabad's logistics boom. The key test will be utilisation rates once the facility is online.
Questions answered
- How much capacity does Snowman operate in Hyderabad now?
- Currently 6,800 pallets. The new 10,000 pallets will nearly triple its local capacity.
- What is the built-to-suit (BTS) model?
- A developer builds the facility to Snowman's specifications; Snowman leases it long-term, avoiding upfront capex.
- When will the facility be operational?
- By the second quarter of the next financial year (Q2 FY26).
- Which sectors are driving demand in Hyderabad's northern logistics belt?
- Seafood, ice cream, QSR, fruits/vegetables, and pharmaceuticals.
- What is Snowman's existing pan-India capacity?
- Snowman currently operates 154,319 pallets across 21 cities. This addition will raise that base.
- Is this expansion material for a company of Snowman's size?
- Yes — for a micro-cap with a ₹633 cr market cap, a ~6.5% capacity increase in a high-demand corridor is significant.