Cosmo First Ltd — earnings calls

Cosmo First reported consolidated Q1 FY27 sales of Rs 1,166 crores, up 46% year-on-year, driven by 9% volume growth and pass-through of higher raw material prices. EBITDA rose 26% year-on-year to Rs 147 crores, though EBITDA margin declined to 12.6% from 14.5% a year earlier as revenue growth outpaced volume growth. Management said all B2B businesses are now profitable and outlined plans to focus on ROCE improvement, debt reduction, and scaling specialty films and newer consumer businesses.

Cosmo First reported consolidated Q4 FY26 sales of Rs 1,021 crores, up 37% year-on-year, with EBITDA rising 53% to Rs 130 crores driven by higher volumes, specialty sales growth and improved chemical subsidiary earnings. For the full year, revenue grew 26% and EBITDA increased 32% to Rs 479 crores, aided by new BOPP and CPP capacity commissioned during the year. Management discussed reduction of net debt by Rs 75 crores over six months, progress in the specialty chemicals, rigid packaging and consumer businesses, and the impact of a one-time exceptional item and deferred tax reversal on PAT.