COSMO FIRST LIMITED — PPTs, 11-11-2025: Investor Presentation

Here's a concise, retail-friendly summary:

1. **Business Performance:** Cosmo First delivered strong Q2 FY26 consolidated Net Sales of INR 919 Cr (EBITDA INR 128 Cr) and H1 FY26 Net Sales of INR 1719 Cr (EBITDA INR 245 Cr), fueled by higher sales volume and robust Specialty Chemicals performance.

2. **Growth Drivers or Strategy:** Strategic drivers include a new BOPP line (Jun 2025) boosting capacity by 45% for lower production costs. Focus on Specialty Films & Chemicals, Rigid Packaging, Window Films, PPF, and D2C Petcare (Zigly). R&D, with 5 patents, fuels innovation.

3. **Recent Developments:** Specialty Chemicals launched 3 new products. Petcare (Zigly) scales its services-focused model, acquiring two vet hospitals. Plans are in motion to demerge the Zigly vertical.

4. **Key Financial Metrics:** Q2 FY26 Consolidated PAT was INR 47 Cr (EPS INR 18); H1 FY26 PAT hit INR 90 Cr (EPS INR 57). Net Debt/EBITDA is 2.97x, Net Debt/Equity 0.80x (Sep’25).

5. **Management Commentary / Outlook:** Management expects full utilization of new capacities by Q4 FY26, noting Q2 PAT impacted by depreciation/interest. FY26 priorities: leveraging new lines, scaling new businesses, targeting 20% CAGR topline growth over three years.