Cosmo Films’ Q1 FY19 net revenue increases by 24%
Cosmo Films, a global leader in films for packaging, labelling and lamination applications and synthetic paper has declared its financial results for the quarter ended 30 June 2018, according to which in Q1 FY19, net revenue increased by 24% due to pass through of increase in raw material prices, increase in sales volume and better sales mix.
13 Aug 2018 | By Rahul Kumar
While commodity film margins remained subdued, the company achieved higher EBITDA from enhanced operational efficiencies, volume increase and a better sales mix.
Pankaj Poddar, CEO, Cosmo Films, said, “The company remains consistent in its approach by focusing on internal efficiencies such as lines productivity, better sourcing and improving the sales mix. Improvement in overseas subsidiaries operations has also started yielding results.”
Established in 1981, Cosmo Films today is a global leader in speciality films for packaging, lamination and labelling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and soon to be offered biaxially oriented polyethylene terephthalate (BOPET) films. Today, the company is the largest exporter of BOPP films from India and is also the largest producer of thermal laminating films in the world with plant cum distribution centres in the US, Korea and Japan and global channel partners in more than seventy countries.
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