Cosmo First Limited Q2 FY26 EBIDTA improved on the back of higher sales volume (25%) and improved performance of the speciality chemicals subsidiary. The EBIDTA could have been better but for the margin decline of BOPP and BOPET commodity films, high USA tariffs which could only be partially passed on to the customers and stabilisation costs for the newly commissioned film lines. PAT impact is muted due to increased depreciation and interest related to new capacities.