Cosmo First FY26 Results: Revenue ₹3,639 Cr (+26% YoY), EBITDA ₹479 Cr (+32% YoY)
Cosmo First reported FY26 revenue of ₹3,639 crore, up 26% YoY, and EBITDA of ₹479 crore, up 32% YoY. Q4 FY26 revenue surged 37% to ₹1,021 crore. Net debt reduced to ₹1,159 crore. The company recommended a dividend of ₹4 per share. Focus is on capacity utilization, B2C scaling, and profitability.
Significant financial growth, strategic debt reduction, and positive future outlook across multiple business segments indicate a high impact on the company's financial health and investor perception.
The company has shown strong year-on-year growth in revenue and EBITDA, improved margins, and a reduction in net debt. Positive outlook for future growth across its business verticals.
Cosmo First Limited announced its financial and operational performance for the quarter and year ended March 31, 2026. The company's revenue for FY26 stood at ₹3,639 crore, marking a significant 26% year-on-year increase from ₹2,895 crore in FY25. EBITDA for the full fiscal year grew by 32% to ₹479 crore, up from ₹362 crore in the previous year, with an improved EBITDA margin of 13.2% compared to 12.5% in FY25.
In the fourth quarter of FY26, net revenue surged by 37% to ₹1,021 crore from ₹746 crore in Q4 FY25. EBITDA for the quarter increased by 53% to ₹130 crore, and Profit After Tax (PAT) grew to ₹37 crore, up from ₹27 crore in the prior-year period. The company highlighted that PAT improvement was moderate due to exceptional items, increased depreciation, and interest related to new capacities, along with a one-time impact of deferred tax asset reversal in a South Korean subsidiary.
The company's management commentary emphasized higher sales volumes (41% in Q4 FY26), increased specialty sales, improved base BOPP and BOPET film margins, and better performance from the specialty chemicals subsidiary as key drivers for the EBITDA growth. The specialty chemicals subsidiary continued its strong performance, with EBITDA margins expanding to 26% in Q4 FY26. Cosmo Plastech, the rigid packaging vertical, posted over 70% topline growth in Q4 YoY and is focusing on achieving higher profitability in FY27. Both Zigly (Petcare) and Cosmo Consumer (Window films, Paint Protection Films & Ceramic Coatings) businesses continue to scale up, with Zigly showing a 54% topline growth in Q4 FY26.
Cosmo First also reported a reduction in Net Debt by ₹55 crore during Q4 FY26, bringing it down to ₹1,159 crore (2.4 times to EBITDA). The company plans to further reduce its net debt over the next two years. The Board of Directors recommended a dividend of ₹4 per equity share for FY26, subject to shareholder approval. The focus for FY27 includes achieving full capacity utilization in Films & Chemicals, scaling up B2C businesses, and improving profitability in Plastech.
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