Cosmo First Ltd
NSE:COSMOFIRST
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Cosmo First Ltd
NSE:COSMOFIRST
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IN |
Cosmo First Ltd
Cosmo Films Ltd. is a holding company, which engages in the production of packaging films. The company is headquartered in New Delhi, Delhi and currently employs 1,039 full-time employees. The Company’s products comprise of biaxially oriented polypropylene films, thermal films and coated films. The company operates through two segments: Packaging Films and Others. The Company’s product portfolio consists of packaging films, including printing and pouching films, metalized barrier films and overwrap films; lamination films, including standard range, special application lamination films and premium lamination films; label films, including pressure sensitive label stock films, direct thermal printable films, mound label films , label over lamination films and wrap around label films, and industrial films, including adhesive tape film, Release Film, textile bag films and synthetic paper. Its business activities also include specialty chemicals, such as master batches, coatings, textile chemicals. The firm has manufacturing facilities spread across India and Korea
Cosmo Films Ltd. is a holding company, which engages in the production of packaging films. The company is headquartered in New Delhi, Delhi and currently employs 1,039 full-time employees. The Company’s products comprise of biaxially oriented polypropylene films, thermal films and coated films. The company operates through two segments: Packaging Films and Others. The Company’s product portfolio consists of packaging films, including printing and pouching films, metalized barrier films and overwrap films; lamination films, including standard range, special application lamination films and premium lamination films; label films, including pressure sensitive label stock films, direct thermal printable films, mound label films , label over lamination films and wrap around label films, and industrial films, including adhesive tape film, Release Film, textile bag films and synthetic paper. Its business activities also include specialty chemicals, such as master batches, coatings, textile chemicals. The firm has manufacturing facilities spread across India and Korea
Revenue Growth: Cosmo First's Q3 FY26 sales reached INR 899 crores, up 28% year-on-year, driven mainly by a 29% increase in volumes from new capacities.
EBITDA Rise: EBITDA rose 19% to INR 103 crores, helped by higher sales volumes, improved product mix, and better performance in the Specialty Chemicals subsidiary.
One-Off Impacts: Results were affected by about INR 20 crores in non-repetitive, adverse items including inventory losses, shutdown-related volume loss, and increased tariffs.
BOPP/BOPET Margins: BOPP film gross margin declined to INR 13/kg (from INR 21/kg YoY), while BOPET margin improved to INR 12/kg (from INR 6/kg QoQ). Both are expected to improve further.
Debt Reduction Focus: Net debt stood at INR 1,215 crores, with management targeting annual reductions of INR 200–250 crores as no major CapEx is planned.
Specialty & Consumer Business Expansion: Specialty Chemicals and consumer businesses (including Zigly) showed strong growth, with Zigly posting over 50% top-line growth YoY.
Positive Outlook: Management expects near double-digit revenue growth in coming quarters and improved profitability as US tariffs are reduced and capacity utilization increases.
Guidance Unchanged: No major CapEx planned for the next 2–3 years; focus remains on maximizing returns from recent investments and increasing share of specialty products.
