Cosmo First Reports Higher Q1 FY27 Revenue and Profit; EBITDA Rises to ₹147 Crore
Mumbai Cosmo First Limited has announced its financial results for the first quarter (Q1) of FY27, reporting growth in revenue, profitability, and operational performance across several business segments.
According to the company’s financial results, net revenue increased to ₹1,166 crore during Q1 FY27, compared to ₹800 crore in the corresponding quarter of the previous financial year. EBITDA rose to ₹147 crore from ₹116 crore, while profit before tax (PBT) increased to ₹71 crore from ₹54 crore. Profit after tax (PAT) stood at ₹54 crore, up from ₹43 crore in Q1 FY26.
The company’s earnings per share (EPS) improved to ₹20.7, compared to ₹16.6 in the same quarter last year.
Q1 FY27 Financial Highlights
| Particulars | Q1 FY27 | Q1 FY26 |
|---|---|---|
| Net Revenue | ₹1,166 crore | ₹800 crore |
| EBITDA | ₹147 crore | ₹116 crore |
| Profit Before Tax (PBT) | ₹71 crore | ₹54 crore |
| Profit After Tax (PAT) | ₹54 crore | ₹43 crore |
| EPS | ₹20.7 | ₹16.6 |
Growth Driven by Film Business and B2B Segments
The company attributed the improvement in EBITDA to a 9% increase in sales volumes, improved margins in its BOPP and BOPET film businesses, stronger performance of its USA film business following the reduction of US tariffs, and improved contributions from its speciality chemicals and rigid packaging businesses.
The Cosmo Speciality Chemicals subsidiary recorded 34% year-on-year revenue growth and reported an EBITDA margin of 25% during the quarter.
Meanwhile, Cosmo Plastech, the company’s rigid packaging business, reported 58% year-on-year revenue growth and turned EBIT positive during Q1 FY27. The company said it plans to expand production capacity by 50% over the next two quarters through limited capital expenditure.
Petcare and Consumer Businesses Expand
The company’s Zigly Petcare business recorded 70% year-on-year growth, while Cosmo Consumer, which includes window films, paint protection films and ceramic coatings, also reported significant growth after beginning operations in FY26.
Cosmo First stated that it expects overall revenue to grow by around 20% during FY27, while its four newer businesses are projected to grow by approximately 60%.
Net Debt Remains Stable
The company reported that its net debt remained unchanged at ₹1,166 crore at the end of June 2026, the same level as the previous quarter, despite an increase of ₹85 crore in net working capital due to higher raw material prices following the West Asia conflict.
According to the company, net debt currently stands at 2.3 times EBITDA, with plans to reduce debt significantly over the next two years.
Commenting on the results, Pankaj Poddar, Group CEO, Cosmo First Limited, said all of the company’s B2B businesses are now profitable and that the focus during FY27 will be on improving Return on Capital Employed (ROCE), expanding speciality films, improving asset utilisation, and scaling both B2B and B2C businesses.
Operational Developments During the Quarter
During Q1 FY27, the company reported several operational developments across its businesses:
- Cosmo Films won three SIES SOP Star Awards 2026 for packaging innovations, secured a patent in Mexico for a multilayer metallised cast polypropylene film, and developed UV additive-embedded Green Graphic films.
- Cosmo Consumer expanded its automotive aftermarket business by launching its first 4C Cosmo Car Care Centre in Pune.
- Zigly Petcare opened four new retail centres in Delhi, Pune, Zirakpur and Bengaluru, while introducing Zigly Cares dry food for community dogs and new private-label lifestyle products.
- Cosmo Plastech added new dairy industry customers in northern India and launched freezer-grade PP sheets, barrier trays, and APET packaging solutions for pharmaceutical applications.
- Cosmo Speciality Chemicals appointed Piyush Gupta as Business Head.
- The company received the Best Practices in CSR Award 2026 for education and digital learning initiatives and supported the Global Fair Play Movement in India.
- At the group level, Cosmo First secured ISO 45001:2018 certification for its Waluj, Shendra and Karjan manufacturing units and won three FIPSA 2026 awards for responsible packaging solutions.
