COSMO FIRST LIMITED
Established in 1981, Cosmo Films Limited is engaged in specialty films for packaging, lamination and labeling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and soon to be offered biaxially oriented polyethylene terephthalate (BOPET) films.
What COSMO files
- Others66
- Investor Meet29
- Important18
- Updates18
- Board Meeting8
- PPTs7
Cosmo First reported strong Q1 results: Net Revenue 1,166 Cr, EBITDA 147 Cr. Growth fueled by higher volumes, better film margins, and robust performance from Specialty Chemicals (+34% topline), Rigid Packaging (+58% topline), and Petcare (+70% growth). Capacity expansion planned for rigid packaging.
Cosmo First and Filmax Korea have incorporated "Filmax Cosmo Korea Limited," a 50:50 Joint Venture. This JV will distribute, sell, and market flexible packaging products, enhancing their market reach.
Cosmo First secured a 1-year agreement providing support services to related party, Cosmo Ferrites, for a fee of 0.02 Cr monthly plus expenses. This arm's-length related party deal enhances revenue.
Cosmo First reported revenue of 899 Cr and EBITDA of 103 Cr, driven by higher volumes and specialty chemicals. PAT was flat due to new capacity depreciation. Rigid packaging achieved positive EBITDA, and consumer businesses are scaling. Future growth is anticipated from enhanced capacity utilization and lower US tariffs.
Cosmo First announced a 50-50 joint venture with South Korea's Filmax Corporation (CY24 sales: USD 70 million). This JV will expand Cosmo First's specialty films, chemicals, and rigid packaging into the Korean market while taking Filmax products globally, targeting significant growth.