Cosmo First Limited

Neeraj JainCEO

Well, thank you very much. Very good afternoon, ladies and gentlemen, and thank you for joining us Cosmo June 2026 Results Conference Call. We will begin this call with a brief opening remark from the management side, which may be followed by the questions. June 2026Q reflects a quarter of continued momentum in our core flexible packaging business alongside newer businesses gaining scale and operational efficiencies resulting all our B2B businesses are now profitable. With the major phase of our capital investment behind us, we are now entering the next phase of our journey focused on leveraging these assets, improving returns on capital employed and strengthening cash generation.

We will first talk about the financial results for the June quarter. Financial Results Consolidated sales for the June 2026 quarter is Rs 1,166 crores which is higher by 46% from June 2025Q backed by higher volume by 9% and increase in raw material prices which got passed to the customers reflecting in higher sales value. The Company has done well to manage the uncertainty caused by West Asia war and posted EBITDA increase by 26% in June 2026Q to Rs. 147 crores compared to Rs 116 crores during June 2025Q. The incremental EBITDA is primarily drive by: 1) higher sales volume (9%), 2) higher BOPP based speciality sales volume by 12% 3) Improved base BOPP and BOPET films margins, 4) enhanced performance of the USA film business (post reduction in the USA tariffs) 5) Higher EBITDA by other B2B business verticals i.e. specialty chemical and rigid packaging EBITDA was suppressed in June 2026Q due to lower export volumes caused by port congestion (13%)