Cosmo First PAT doubles to INR 133-crore

Cosmo First Limited has reported robust financial results for the quarter and full year ending March 2025, with profit after tax (PAT) more than doubling to INR 133-crore from INR 62-crore in the previous financial year.

Net revenue for FY24–25 grew 12% to INR 2,895-crore, while EBITDA increased to INR 362-crore from INR 251-crore the previous year, lifting EBITDA margins from 10% to 13%. Quarterly performance also showed solid improvement, with Q4 FY25 revenue rising to INR 746-crore and PAT reaching INR 27-crore.

The company attributed its performance to a 10% rise in specialty film sales, better margins in BOPP and BOPET films, and INR 25-crore in cost rationalisation. The specialty chemical division posted revenue of INR 180-crore with “high teens EBITDA”, according to the company.

“The company’s focus will be taking full leverage of the new investments, grow specialty film sales, expand in international geographies and push down costs,” said Pankaj Poddar, group CEO of Cosmo First. “The new film lines are the most cost-efficient and should make Cosmo more competitive in the market.”

During the year, Cosmo incurred a one-time cost of INR 4.3-crore to shift a thermal line from Korea to India, a move expected to generate INR 10-crore in annual efficiencies. Q4 margins were also temporarily affected by a planned shutdown in BOPET production, resulting in a 10% volume drop.

The company has invested INR 1,180-crore over the last three years — including INR 502-crore in FY25 — across expansion projects such as new BOPP, CPP and polyester lines, metallisers, coating lines, and its pet care platform, Zigly.

Looking ahead, Mr Poddar said: “Our focus shall continue to be on expanding services, particularly vet care services, as well as launching private labels to improve margins on product sales.”

A dividend of INR 4 per share has been recommended for FY24–25, pending shareholder approval.