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Earnings Call Transcript

Cosmo First Earnings Call Transcript: Key Takeaways

Cosmo First reported strong Q1FY26 consolidated performance with 16% revenue growth and 38% EBITDA growth YoY, driven by higher volumes and cost rationalization.

Guidance and delivery
Management target Revenue 20.0% 3 years
Highlights
Revenue growth16% YoY consolidated growth.
MarginsEBITDA margin improved to 15% from 12% YoY.
Demand visibilityStrong domestic and global demand helping efficient capacity utilization.
Management confidenceHigh, citing capacity utilization of new BOPP line within one month.

Growth

Consolidated Net Sales grew 16% YoY to ₹800 Cr; PAT increased 39% YoY to ₹43 Cr.

Outlook

New BOPP line adds 45% capacity; target 20% CAGR topline growth over next 3 years with ₹1180 Cr capex.

Risks

Exposure to commodity price fluctuations in BOPP/BOPET markets and competitive intensity in flexible packaging.

Last quarter's promises, checked

Delivered

  • Guided 15-20% US volume growth → delivered 19% overall volume growth (= BEAT)
  • Guided Specialty Chemicals traction → delivered ₹204 Cr FY26 revenue (= BEAT)
  • Guided CAPEX completion → delivered ₹1,200 Cr strategic spend cycle finished (= BEAT)

Partly delivered

  • Guided Net Debt reduction → delivered 2.7x Net Debt/EBITDA (still above <2x target) (= PARTIAL)
  • Guided Zigly/Plastech PBT positive → delivered EBITDA breakeven only (= PARTIAL)

Missed

  • Guided double-digit topline growth → delivered 16% (within range but lower than previous 37% Q4 peak) (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: COSMOFIRST. Summary written with AI assistance from the document.

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Cosmo First Ltd: key numbers

Share price
₹849.40
Market cap
₹2,230 Cr
Revenue (annual)
₹3,639 Cr
Net profit (annual)
₹156.0 Cr
P/E (TTM)
13.4×Sector 41.4×
Promoter holding
40.78%+0.00% QoQ
FII holding
2.40%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Earnings Call

Cosmo First Earnings Call: Key Takeaways

Cosmo First reports strong Q4 FY26 with consolidated sales of ₹1,021cr (up 37% YoY) and EBITDA growth of 53% to ₹130cr, driven by volume growth and speciality films.