Cosmo Films changes name to ‘Cosmo First’

Cosmo declared its financial results for the quarter that ended in March 2022 with an increase by 31% and a new name for its company.

Pankaj Poddar, Group CEO, Cosmo Films
Pankaj Poddar, Group CEO, Cosmo Films Ltd welcomes the changes

Cosmo Films Limited, a name in films for packaging, labeling, lamination, and synthetic paper and an emerging player in specialty chemicals, polymers & petcare declared its financial results for the quarter that ended in March 2022.

The Q4FY22 EBITDA has increased by 31% on the back of higher specialty sales, better operating margins, and an uptick in performance by subsidiaries. Enhanced EBITDA together with a lower effective tax rate led to an increase in PAT by 45%. FY22 ROCE and ROE stands at 29% and 39% respectively with an increase in EPS to Rs.222 per share. Net debt at Rs.303 crores is less than 0.5 times EBITDA.

PrintPack Show Daily

Considering that the company’s business activities have expanded beyond films into specialty chemicals (masterbatches, coatings, textile chemicals and soon-to-launch adhesives), D2C petcare and soon-to-launch films for consumer applications, the board of directors of the company at its meeting held on 9 May 2022 have recommended a change in name of the company from “Cosmo Films Limited” to “Cosmo First Limited”, subject to the approval of its shareholders. Cosmo First Limited stands for a four-decade Indian business conglomerate that thrives on innovation to unlock value in diverse sunrise sectors such as films, consumer care, specialty chemicals and D2C pet care (under Zigly brand).


The board of directors has also recommended, a bonus issue of 1 equity share of Rs 10 each for every 2 equity share of Rs 10 each held by the shareholders of the company as on the record date. The bonus aims to showcase the management’s confidence in the company’s business strategy and growth prospects.


Commenting on the company’s performance Pankaj Poddar, Group CEO, Cosmo Films Ltd. said “All through our journey, we have prided ourselves in our ability to provide industry-first niche solutions in the areas of packaging, lamination, industrial and labeling applications.”

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.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now


Please enter your comment!
Please enter your name here