Cosmo First reports Q3, FY26 results...

Feb 12, 2026

Cosmo First reports Q3, FY26 results

In Rs. Crores	Q3 FY26	Q3 FY25	Dec-25 YTD	Dec-24 YTD	FY24-25
Net Revenue	899	701	2,618	2,149	2,895
EBITDA	103	86	348	277	362
EBITDA %	11.5%	12.3%	13.3%	12.9%	12.5%
PBT	31	36	143	131	163
PAT	30	30	119	106	133
EPS (In Rs.) (Not Annualized)	11.4	11.4	46.1	41.0	51.5

Cosmo First Limited today declared its financial results for the quarter ended Dec 2025 & YTD Dec-25.

Q3, FY26 EBIDTA improved over the last year on the back of higher sales volume (29%) and improved performance of specialty chemical subsidiary. The EBIDTA could have been better but for the margin decline of BOPP and BOPET core films, high USA tariffs (full quarter impact), volume loss of about 6% due to shut down of one BOPP line and non-repetitive inventory loss of Rs 8.4 crores due to drop in raw material price.

PAT impact is muted due to increased depreciation and interest related to new capacities.

The Company expects double digit revenue growth in coming quarters due to enhanced utilization of recently added capacity. Recently announced reduction in the USA tariff will lead to improved profitability from the USA operations starting from Q1, FY27 once the higher duty paid inventory is exhausted.

Cosmo Plastech (Rigid packaging vertical) has reached positive EBITDA in Dec 2025. Now the focus for the vertical shall be on achieving higher profitability through higher capacity utilisation and improved efficiency.

Both the consumer businesses Zigly (Petcare) and Cosmo Consumer (Window films, Paint Protection Films & Ceramic Coatings) continue to scale-up. Zigly has posted over 50% topline growth in Q3, FY26 on YoY basis.

Commenting on Company’s performance Mr. Pankaj Poddar, Group CEO, Cosmo First Ltd said “The FY26 focus will be on achieving close to full capacity utilization for Film business and faster scaling of new businesses.”

Key developments during the quarter

1. Films Business (Cosmo Films)

Announced strategic Joint Venture in South Korea with Filmax Corporation to jointly introduce and scale multiple business verticals of Cosmo First in the South Korean market
Cosmo Films honoured with IFCA Star Award for excellence in packaging innovation
Launched high-performance packaging films for pet food industry

2. Rigid Packaging (Cosmo Plastech)

Expanded into rigid packaging solutions for the pharmaceutical industry with PET Sheets

3. Petcare Business (Zigly Petcare)

Expanded footprint in Western India, opened first complete pet care centre in Pune, and second one in Jaipur

4. CSR & Foundation (Cosmo Foundation)

Joined hands with Border Security Force (BSF) for expanding Delhi’s green cover with a 15,000 -Miywaki & fruit bearing forestry
Cosmo Foundation Leadership – Ms Yamini Kumar Jaipuria was honoured as ET NOW Impactful Women Leaders of India 2025 and Impactful CSR Leader of India 2025 at ET Edge GSA Transformation Series

5. Corporate / Group-Level Communication