Cosmo First has declared its financial results for the quarter ended Dec 2025 & YTD Dec-25. Q3, FY26 EBIDTA improved over the last year on the back of higher sales volume (29%) and improved performance of specialty chemical subsidiary. The EBIDTA could have been better but for the margin decline of BOPP and BOPET core films, high USA tariffs (full quarter impact), volume loss of about 6% due to the shutdown of one BOPP line and non-repetitive inventory loss of Rs 8.4 crores due to drop in raw material price.
PAT impact is muted due to increased depreciation and interest related to new capacities.
The company expects double-digit revenue growth in coming quarters due to enhanced utilization of recently added capacity. The recently announced reduction in the USA tariff will lead to improved profitability from the USA operations starting from Q1, FY27, once the higher duty paid inventory is exhausted.
Cosmo Plastech (rigid packaging vertical) has reached positive EBITDA in Dec 2025. Now the focus for the vertical shall be on achieving higher profitability through higher capacity utilisation and improved efficiency.
Both the consumer businesses, Zigly (Petcare) and Cosmo Consumer (window films, paint protection films & ceramic coatings) continue to scale up. Zigly has posted over 50% topline growth in Q3, FY26 on YoY basis.
Commenting on the company’s performance, Pankaj Poddar, Group CEO, Cosmo First, said, “The FY26 focus will be on achieving close to full capacity utilization for the film business and faster scaling of new businesses.”