Cosmo First Ltd Q3 FY26 Results

Summary

Cosmo First Limited has declared its financial results for the quarter ended Dec 2025 & YTD Dec-25. The company reports a 29% sales volume growth and improved EBIDTA, despite some challenges such as margin decline, high USA tariffs, and inventory loss. The company expects double digit revenue growth in coming quarters due to enhanced utilization of recently added capacity. The USA operations are expected to improve from Q1, FY27. Cosmo Plastech has reached positive EBITDA. Both the consumer businesses, Zigly and Cosmo Consumer, are scaling up. The focus for the film business is on achieving close to full capacity utilization and faster scaling of new businesses.

Key Highlights

1. 1

   Q3, FY26 EBIDTA improved over the last year on the back of higher sales volume (29%)

2. 2

   EBIDTA could have been better but for the margin decline of BOPP and BOPET core films, high USA tariffs, volume loss of about 6%, and non-repetitive inventory loss of Rs 8.4 crores

3. 3

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

4. 4

   The Company expects double digit revenue growth in coming quarters due to enhanced utilization of recently added capacity

5. 5

   Recently announced reduction in the USA tariff will lead to improved profitability from the USA operations starting from Q1, FY27

6. 6

   Cosmo Plastech has reached positive EBITDA in Dec 2025

7. 7

   Zigly has posted over 50% topline growth in Q3, FY26 on YoY basis