Cosmo First Ltd. has reported consolidated revenue of Rs. 701 crore in Q3 FY25, a growth of 12% whereas profit reached Rs. 30 crore, up 172.8%.   

The improvement in EBITDA from Q3, FY24 is backed by higher specialty sales, enhanced volume and better BOPP and BOPET film margins. The company has reached speciality sales of 73% of total volume in Q3 FY25 and 71% in Dec 2024 YTD basis as against 64% in FY24.

BOPET vertical (about 15% of company’s sales for Q3 FY25) has also witnessed better margins and posted EBITDA in mid-teens during Q3 FY25.

The net revenue and margins are lower in Q3 FY25 from Q2 FY25 due to temporary breakdown in one of the lines causing volume loss of 5%. BOPP Film margin has also witnessed pressure for a few weeks in Q3 FY25 with some capacity commissioning in the domestic industry though recovered due to strong demand. The BOPP base film margins are expected to remain subdued in FY26 due to expected capacity addition in the domestic industry. Q2 FY25 also had one time income of 9 crores due to property sales and tax incentives.

The specialty chemical subsidiary is advancing well to achieve high teens EBITDA and 30%+ ROCE in FY25.

Yamini Kumar (Jaipuria) has been appointed as Whole time Director - Corporate Strategy, ESG & CSR for a period of 5 years.

Commenting on the company's performance Pankaj Poddar, Group CEO, Cosmo First Ltd. said, “For Film business, the company’s focus remains on specialty film, expanding in international geographies, faster scaling up of new capacities and cost rationalization opportunities. Growth projects (BOPP Film line, CPP line, and Sun-control Film) are expected to add to the topline and bottomline from FY26. In Zigly, we have launched multiple private labels and enhanced our vet care services which favourably impacted topline and margins in Q3. The rigid packaging vertical shall start making positive EBITDA from FY26."