Cosmo First reports Q2 FY26 results

Cosmo First Limited today declared its financial results for the quarter and half year ended Sept 2025 (Q2 & H1 FY26).

Q2 FY26 EBIDTA improved over the last year 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. The new lines are expected to be fully utilised by Q4 FY26.

In Rs. Crores	Q2 FY26	Q2 FY25	H1 FY26	H1 FY25	FY24-25
Net Revenue	919	759	1719	1449	2,895
EBITDA	128	107	245	191	362
EBITDA %	14.0%	14.1%	14.2%	13.2%	12.5%
PBT	57	57	112	94	163
PAT	47	46	90	77	133
EPS (In Rs.) (Not Annualised)	18	18	35	30	52

The speciality chemical subsidiary has developed 3 new products in the previous quarter which should be commercialised over next 2 quarters. In Cosmo Plastech (Rigid Packaging), the focus is on achieving profitability through higher capacity utilisation and improving costs/efficiency.

Both the consumer businesses Zigly (Petcare) and Cosmo Consumer (Window films, Paint Protection Films & Ceramic Coatings) continue to scale-up.

Commenting on Company’s performance Mr. Pankaj Poddar, Group CEO, Cosmo First Ltd, said, “The FY26 focus will be on fully leveraging the investments in newer production lines and faster scaling of new businesses.”

Business-wise developments during the quarter 

1. Films Business (Cosmo Films)

• Announced the commissioning of the advanced KARO®IV Laboratory Stretching Machine, enhancing Cosmo’s R&D capability for speciality film development at Waluj

• Expanded in US market through addition of a high-speed slitter rewinder, reinforcing global manufacturing and supply capabilities

• ISO27001:2022 certification achieved, underscoring focus on digital and data security excellence

• Launched CSP Dualcoat under Cosmo Synthetic Paper, strengthening sustainable product offerings

2. Chemicals Business (Cosmo Speciality Chemicals)

• Business maintained strong momentum with a series of new product announcements and sustained media outreach on category innovation

• Introduced performance-driven coating chemicals, masterbatches, and adhesives aimed at packaging and lamination segments

3. Rigid Packaging (Cosmo Plastech)

• Strengthened visibility through participation in exhibitions like World of Ice Cream Expo, showcasing rigid packaging solutions for FMCG and industrial clients backed by FSSC 22000 certification for adherence with global food-grade standards

• Launched advanced ESD PET sheet to strengthen electronic component packaging

4. Cosmo Consumer Business (Cosmo Sunshield & Paint Protection Films)

• Announced the expansion of Cosmo PPF presence in Mumbai and Pune, supported by a mobile van campaign to build awareness about paint protection solutions

• Strengthened the nationwide distributor network for Cosmo Sunshield and Cosmo PPF with onboarding of new partners

5. Petcare Business (Zigly Petcare)

• Strengthened national presence through multiple store launches across Mumbai, Bangalore, Vastrapur, Gurugram, and Amritsar

• Announced the acquisition of Dr. Santa Animal Hospital in Bangalore, expanding veterinary expertise and in-house service offerings

• Celebrated the second edition of International Happy Pets Day (IHPD 2025) across India

• Successfully conducted Zigly Wagathon community events in Bangalore and Hyderabad, deepening customer engagement

• Observed World Rabies Day with nationwide awareness and vaccination initiatives

• Expanded private-label portfolio with the launch of wet food and strengthened Zigly’s identity as a service-led pet care ecosystem

• Got awarded at the Indian Pet Industry Awards 2025 for exceptional work

6. CSR & Foundation (Cosmo Foundation)

• Celebrated World Youth Skills Day, highlighting the milestone of 50,000+ youth skilled in AI, computer literacy, and digital programs across rural India

• Collaborated with Pratham Book Champions for International Literacy Day, running reading and learning initiatives across multiple schools

• Continued impact-driven education, environment, and empowerment programs, reinforcing Cosmo First’s ESG and community commitments

7. Corporate / Group-Level Communication

• Snowflake AI Data Cloud implementation announced as a key milestone in Cosmo First’s digital transformation roadmap

About Cosmo First Limited

Founded in 1981 by Mr. Ashok Jaipuria, Cosmo First today has 5 businesses including 2 in consumer (Zigly Petcare and Cosmo Consumer into Window Films, Paint Protection Films & Ceramic Coatings for automobiles) and 3 in industrial including Cosmo Films (into specialty BOPP, CPP and Polyester films), Cosmo Plastech (thin wall containers & sheets) and Cosmo Specialty Chemicals (Coatings, Adhesives and Masterbatches). Cosmo Films has been the pioneer of specialty BOPP films in India and is currently the largest business for Cosmo First. The other four businesses are relatively newer businesses (all started post Covid) and in the process of being scaled up.

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