Also the specialty sale has grown by 10% on YoY and 5% QoQ. Press release from Cosmo stated, “This helped the company offset the unfavourable impact of fall in commodity film margins.” The EBITDA for the quarter was 12-Crore.
On account of Cosmo’s financial performance, Pankaj Poddar, CEO of Cosmo Films, said, “The BOPP margins remain under pressure. We continue to focus on growing our specialty film sales and improving internal operational efficiencies. These measures will go a long way in insulating us from commodity film margin pressures and building a long-term sustainable growth.”
Cosmo Films, established in 1981, deals in manufacturing of speciality films for packaging, lamination and labelling applications and is the largest exporter of BOPP films in India and thermal laminated films all over the world.