Speciality BOPP films

Cosmo posts profit in Q3


The board of directors of Cosmo Films, one of the leading global speciality BOPP films players, approved the accounts of the company for the third quarter ended 31 December 2015at its board meeting held recently.

The company’s PAT rose to an impressive Rs. 32.9 crore for the quarter from Rs. 5 crore in the corresponding period last year. Cosmo Films has also registered increase in its EBIDTA for the period to Rs. 46.3 crore from Rs.16.8 crore in the corresponding quarter last year. The company registered a volume growth of more than 20% in this period riding on demand growth and wider penetration. Total revenue for the period was Rs. 389.8 crore compared to Rs. 361.7 crore in the corresponding period of last year, registering a growth of 8%, even while the sales prices reduced in line with the declining raw material prices.

The company has seen a 5% growth in speciality films over last quarter. The company’s power cost has remained similar albeit significant volume growth due to increased throughput and various energy efficiency initiatives. Along with these, tax expense for the quarter includes a reversal of tax of Rs 10.8 crore comprising Rs 3.4 crore pertaining to year ended 31 March 2015 and Rs 7.3 crore pertaining to six months ended September 2015.

Cosmo Films has seen a 5% growth in speciality films over last quarter

Better sales demand, growth in speciality films, significant savings in variable costs have been some of the driving factors for the company’s impressive performance this quarter. Commenting on the company’s quarter results, Pankaj Poddar, CEO of Cosmo Films, said, “Going forward, we intend to become one of the best examples of a global customer-centric organization meeting the speciality film needs of the flexible packaging, laminating and labelling industry. Our new expansion will enable us to become one of the lowest cost players in the commodity films segment as well.”

Packaging South Asia is the cooperating media partner for drupa 2016 which is scheduled to be held from 31 May to 10 June at Dusseldorf, Germany.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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