Cosmo First declares financial results for Q3 FY24

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

The BOPET vertical which accounted for about 15% of the company’s sales in Q3 FY25, has also witnessed better margins and posted EBITDA in the mid-teens during this period.

Commenting on the company’s performance, Pankaj Poddar, group CEO, Cosmo First, said, “Growth projects (BOPP film line, CPP line, and sun-control film) are expected to add to the top-line and bottom-line 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.”

Yamini Kumar Jaipuria has been appointed as whole-time director of corporate strategy, ESG & CSR for five years. The appointment will take effect from the date of allotment of DIN by the Ministry of Corporate Affairs.

Net revenue and margins were lower in Q3 FY25 than in Q2 FY25 due to a temporary breakdown in one of the lines, which caused a volume loss of 5%. The BOPP Film margin also experienced pressure for a few weeks in Q3 FY25, with some capacity commissioning in the domestic industry, though it recovered due to strong demand. The BOPP base film margins are expected to remain subdued in FY26 due to the expected capacity addition in the domestic sector. Q2 FY25 also had a one-time income of Rs 9-crore due to property sales and tax incentives.