COSMO FIRST LIMITED has informed the Exchange about Concall Transcript
COSMOFIRST · price
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Cosmo First reported Q1 FY'26 consolidated revenue of Rs. 800 crore, up 16% year-on-year, driven by 19% volume growth and better BOPP film margins. EBITDA rose to Rs. 116 crore from Rs. 84 crore, with BOPP film margins at Rs. 25/kg in the quarter and an exit rate of around Rs. 30/kg. A new 81,000 MT BOPP line was commissioned in June, adding 45% to BOPP capacity and capable of generating around Rs. 750 crore in annual revenue at full utilisation. The specialty chemical subsidiary posted a record quarterly EBITDA of Rs. 12 crore on Rs. 49 crore sales. New lines (window films under Sunshield, paint protection films, ceramic coatings) have been launched, though Zigly pet care remains loss-making with 34 centres (target 40 in 3 months). Net debt stands at Rs. 1,140 crore, which management described as near peak.
Positive for shareholders: stronger margins, a major capacity ramp-up and a clear path to debt reduction over the next two years support earnings growth. Key near-term risks include potential US tariff impact (around 10% of revenue exposed) and continued losses in Zigly and rigid packaging, though both are expected to turn profitable in Q3-Q4 of FY'26.