Cosmo First has declared its financial results for the quarter and half year ended September 2025 (Q2 and H1 FY26). The earnings before interest, taxes, depreciation, and amortization (EBIDTA) of Q2 FY26 improved over the last year on the back of higher sales volume (25%) and improved performance of specialty chemicals subsidiaries.
The company says EBIDTA could have been better but for the margin decline of BOPP and BOPET commodity films, high US tariffs, which could only be partially passed on to the customers and stabilization costs for the newly commissioned film lines. Profit after tax (PAT) impact is muted due to increased depreciation and interest related to new capacities. The new lines are expected to be fully utilized by Q4 FY26.
The specialty chemical subsidiary has developed three new products in the previous quarter, which should be commercialized over next two 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 the company’s performance, Pankaj Poddar, Group CEO, Cosmo First, 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
Films Business (Cosmo Films)
The company announced the commissioning of the advanced KARO IV laboratory stretching machine, enhancing Cosmo’s R&D capability for specialty film development at Waluj. It expanded in the US market through the addition of a high-speed slitter rewinder, reinforcing global manufacturing and supply capabilities.
Its ISO27001:2022 certification underscored the focus on digital and data security excellence. The company also launched the CSP Dualcoat under Cosmo Synthetic Paper, strengthening sustainable product offerings.
Chemicals Business (Cosmo Speciality Chemicals)
Business maintained strong momentum with a series of new product announcements and sustained media outreach on category innovation. The company introduced performance-driven coating chemicals, masterbatches, and adhesives aimed at packaging and lamination segments.
Rigid Packaging (Cosmo Plastech)
It strengthened visibility through participation in exhibitions such as 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. And launched advanced ESD PET sheet to strengthen electronic component packaging.
Cosmo Consumer Business (Cosmo Sunshield & Paint Protection Films)
Cosmo announced the expansion of Cosmo PPF presence in Mumbai and Pune, supported by a mobile van campaign to build awareness about paint protection solutions. It also strengthened the nationwide distributor network for Cosmo Sunshield and Cosmo PPF with on-boarding of new partners.
Petcare Business (Zigly Petcare)
It strengthened its national presence through multiple store launches across Mumbai, Bangalore, Vastrapur, Gurugram, and Amritsar. The acquisition of Dr. Santa Animal Hospital in Bangalore expanded its veterinary expertise and in-house service offerings.It also expanded private-label portfolio with the launch of wet food and strengthened Zigly’s identity as a service-led pet care ecosystem.
The snowflake AI data cloud implementation was a key milestone in Cosmo First’s digital transformation roadmap.
