diff --git a/mercurial/revlogutils/deltas.py b/mercurial/revlogutils/deltas.py
--- a/mercurial/revlogutils/deltas.py
+++ b/mercurial/revlogutils/deltas.py
@@ -658,6 +658,19 @@ def _refinedgroups(revlog, p1, p2, cache
             if base == nullrev:
                 break
             good = yield (base,)
+        # refine snapshot up
+        #
+        # XXX the _findsnapshots call can be expensive and is "duplicated" with
+        # the one done in `_rawgroups`. Once we start working on performance,
+        # we should make the two logics share this computation.
+        snapshots = collections.defaultdict(list)
+        _findsnapshots(revlog, snapshots, good + 1)
+        previous = None
+        while good != previous:
+            previous = good
+            children = tuple(sorted(c for c in snapshots[good]))
+            good = yield children
+
     # we have found nothing
     yield None
 
diff --git a/tests/test-sparse-revlog.t b/tests/test-sparse-revlog.t
--- a/tests/test-sparse-revlog.t
+++ b/tests/test-sparse-revlog.t
@@ -77,7 +77,7 @@ repeatedly while some of it changes rare
   
 
   $ f -s .hg/store/data/*.d
-  .hg/store/data/_s_p_a_r_s_e-_r_e_v_l_o_g-_t_e_s_t-_f_i_l_e.d: size=59303048
+  .hg/store/data/_s_p_a_r_s_e-_r_e_v_l_o_g-_t_e_s_t-_f_i_l_e.d: size=59302280
   $ hg debugrevlog *
   format : 1
   flags  : generaldelta
@@ -89,45 +89,45 @@ repeatedly while some of it changes rare
       empty     :        0 ( 0.00%)
                      text  :        0 (100.00%)
                      delta :        0 (100.00%)
-      snapshot  :      165 ( 3.30%)
+      snapshot  :      168 ( 3.36%)
         lvl-0   :              4 ( 0.08%)
-        lvl-1   :             17 ( 0.34%)
-        lvl-2   :             46 ( 0.92%)
-        lvl-3   :             62 ( 1.24%)
-        lvl-4   :             36 ( 0.72%)
-      deltas    :     4836 (96.70%)
-  revision size : 59303048
-      snapshot  :  6105443 (10.30%)
-        lvl-0   :         804187 ( 1.36%)
-        lvl-1   :        1476228 ( 2.49%)
-        lvl-2   :        1752567 ( 2.96%)
-        lvl-3   :        1461776 ( 2.46%)
-        lvl-4   :         610685 ( 1.03%)
-      deltas    : 53197605 (89.70%)
+        lvl-1   :             18 ( 0.36%)
+        lvl-2   :             39 ( 0.78%)
+        lvl-3   :             54 ( 1.08%)
+        lvl-4   :             53 ( 1.06%)
+      deltas    :     4833 (96.64%)
+  revision size : 59302280
+      snapshot  :  5833942 ( 9.84%)
+        lvl-0   :         804068 ( 1.36%)
+        lvl-1   :        1378470 ( 2.32%)
+        lvl-2   :        1608138 ( 2.71%)
+        lvl-3   :        1222158 ( 2.06%)
+        lvl-4   :         821108 ( 1.38%)
+      deltas    : 53468338 (90.16%)
   
   chunks        :     5001
       0x78 (x)  :     5001 (100.00%)
-  chunks size   : 59303048
-      0x78 (x)  : 59303048 (100.00%)
+  chunks size   : 59302280
+      0x78 (x)  : 59302280 (100.00%)
   
   avg chain length  :       17
   max chain length  :       45
-  max chain reach   : 26194433
+  max chain reach   : 22744720
   compression ratio :       29
   
   uncompressed data size (min/max/avg) : 346468 / 346472 / 346471
-  full revision size (min/max/avg)     : 200992 / 201080 / 201046
-  inter-snapshot size (min/max/avg)    : 11610 / 172762 / 32927
-      level-1   (min/max/avg)          : 15619 / 172762 / 86836
-      level-2   (min/max/avg)          : 13055 / 85219 / 38099
-      level-3   (min/max/avg)          : 11610 / 42645 / 23577
-      level-4   (min/max/avg)          : 12928 / 20205 / 16963
-  delta size (min/max/avg)             : 10649 / 106863 / 11000
+  full revision size (min/max/avg)     : 200985 / 201050 / 201017
+  inter-snapshot size (min/max/avg)    : 11598 / 163304 / 30669
+      level-1   (min/max/avg)          : 15616 / 163304 / 76581
+      level-2   (min/max/avg)          : 11602 / 86428 / 41234
+      level-3   (min/max/avg)          : 11598 / 42390 / 22632
+      level-4   (min/max/avg)          : 11603 / 19649 / 15492
+  delta size (min/max/avg)             : 10649 / 105465 / 11063
   
-  deltas against prev  : 4162 (86.06%)
-      where prev = p1  : 4120     (98.99%)
+  deltas against prev  : 4167 (86.22%)
+      where prev = p1  : 4129     (99.09%)
       where prev = p2  :    0     ( 0.00%)
-      other            :   42     ( 1.01%)
-  deltas against p1    :  653 (13.50%)
-  deltas against p2    :   21 ( 0.43%)
+      other            :   38     ( 0.91%)
+  deltas against p1    :  643 (13.30%)
+  deltas against p2    :   23 ( 0.48%)
   deltas against other :    0 ( 0.00%)