Cosmo First Posts FY25 Results; Focus on Specialty Growth

Cosmo First Limited has released its financial performance for the fourth quarter and full fiscal year ended March 2025, reporting a solid operational performance driven by strategic investments, rising specialty sales, and margin improvements.

In Q4 FY25, Cosmo’s EBITDA was supported by increased demand for specialty films and improved margins in BOPP and BOPET film segments. However, a one-time cost of ₹4.3 crore, incurred for relocating a thermal line from Korea to India, slightly reduced Q4 EBITDA. This strategic move is expected to deliver ₹10 crore in annual cost savings going forward. Additionally, the planned shutdown of a BOPET film line resulted in a temporary 10% volume reduction.

For the full FY25, the company's EBITDA growth was led by:

10% increase in specialty film sales compared to the previous year
₹25 crore in cost rationalization
Stronger margins in BOPP and BOPET segments
Improved financial performance of its specialty chemicals subsidiary

Cosmo First has invested approximately ₹1,180 crore over the last three years, including ₹502 crore in FY25 alone, across various strategic growth initiatives. These include expansions in BOPP, CPP, and polyester film lines, metallizers, coating lines, window and paint protection films, Zigly (its pet care vertical), and rigid packaging. These investments are projected to significantly boost revenue and profitability over the next 2–3 years.

Key project updates include:

CPP Line (22,000 MT annual capacity) commenced operations in March 2025
Sunshield Films launched in May 2025
Pilot runs with over 50 distributors for both Sunshield and Paint Protection Films completed
BOPP Line (81,000 MT annual capacity) is expected to begin operations in Q1 FY26

The company’s specialty chemicals division delivered strong results, posting high-teen EBITDA margins and a topline of ₹180 crore for FY25.

The Board of Directors has proposed a dividend of ₹4 per equity share for FY24-25, pending shareholder approval at the annual general meeting.

Mr. Pankaj Poddar

Mr. Pankaj Poddar, Group CEO of Cosmo First Ltd, commented:
“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. The new film lines are the most cost-efficient and should make Cosmo more competitive in the market. Specialty Chemicals is already earning healthy ROCE. In Zigly, we are expecting profitable growth in services (including Vet and Grooming). Our focus shall continue to be on expanding services particularly Vet care services as well as launch Private labels to improve margins on Product Sales.”

With continued expansion in specialty films, international outreach, cost leadership, and diversified growth through Zigly and specialty chemicals, Cosmo First is positioning itself for robust long-term value creation.