Cosmo First has declared its financial results for the quarter and year ended March 2026. Net revenue was Rs 1,021 crore in Q4 FY26, EBITDA was Rs 130 crore and PAT was Rs 37 crore.
Q4 FY26 EBIDTA improved over the last year on the back of higher sales volume (41%), higher specialty sales, improved base BOPP and BOPET films margins and better performance by the specialty chemical subsidiary.
PAT improvement is moderate due to exceptional item of Rs 7.2 crore, increased depreciation and interest related to new capacities, and one time impact of reversal of deferred tax assets of Rs 5.3 crores due to reorganization of the subsidiary in South Korea.
Specialty Chemicals subsidiary continues to perform well with 25%+ EBITDA in Q4 FY26 on the back of three niche verticals i.e. coating chemicals, masterbatches, and adhesives.
Cosmo Plastech (Rigid packaging vertical) has posted over 70% topline growth in Q4 on YoY basis. The business vertical has almost reached EBITDA-breakeven. Now FY27 focus for the vertical shall be on achieving higher profitability through higher capacity utilisation and improved efficiency.
Both the consumer businesses, Zigly (Petcare) and Cosmo Consumer (Window Films, Paint Protection Films & Ceramic Coatings), continue to scale-up. Zigly has posted 54% topline growth in Q4 FY26 on YoY basis.
Net Debt has reduced by Rs 55 crores during Q4 FY26 to Rs 1,159 crores (2.4 times to EBITDA) despite increase of Rs.19 crores in foreign currency loans value due to significant depreciation of Indian currency. The Company has planned to reduce net debt further over the next 2 years.
The Board of Directors had recommended dividend of Rs. 4 per equity share for the financial year ended 31 March 2026 subject to approval of shareholders.
Commenting on company’s performance, Pankaj Poddar, Group CEO, Cosmo First said, “We are happy with the progress made in all our businesses, including the new ones. The FY27 focus will be on achieving full capacity utilization in Films & Chemicals, higher growth in speciality sales; scaling-up and being profitable in Plastech; and substantially growing the B2C businesses. The Company has done well to manage the uncertainty percolating from US duty issue as well as West Asia war. Managing volatility & uncertainty will remain one of the critical tasks ahead.”
Key developments
Launched anti-fog transparent BOPET lidding films for advanced food packaging applications
*Cosmo Consumer Business (Cosmo Sunshield & Paint Protection Films)
Expanded product offering by entering the ceramic coating industry with launch of Cosmo Guard
*Petcare Business (Zigly Petcare)
Expanded retail footprint with new centres in Kothrud, Pune and Banjara Hills, Hyderabad
*Cosmo Speciality Chemicals
Launched advanced masterbatches portfolio – CosmoWhite and CosmoAdd
*CSR & Foundations
Hosted the third edition of Sitaram Jaipuria Foundation Scientific Symposium and Awards
Successfully completed the anti-rabies vaccination and micro-chipping drive at Shalimar Bagh for 3000+ community dogs
*Corporate / Group-Level Communication
Participated in PlastIndia 2026 as a sponsor while showcasing new launches and product innovations to both domestic and international customers and attendees
