Cosmo Films registers PAT of Rs 47 crore in Q1

Cosmo Films, a global leader in films for packaging, labeling, lamination, and synthetic paper, declared its financial results for the quarter ended June 2020. The company posted an EBITDA of Rs 93 crore (approximately US $ 12.5 million) during Q1 FY21 on the back of higher specialty sales (up by 20%) and improved operating margins. According to Cosmo, pent-up demand from the previous quarter and supplies opening up in a phased manner led to a favorable demand-supply scenario and improved margins. Covid-19 pandemic had a marginal impact during the quarter. The company expects that Covid-19 impact may remain only marginal in the following quarters too barring unforeseen conditions. Established in 1981, Cosmo Films is a global leader in specialty films for packaging, lamination, labeling, and synthetic paper. With the engineering of innovative products and sustainability solutions, Cosmo Films has been partnering with the worlds’ leading F&B, personal care, and tobacco brands and packaging and printing converters to enhance their consumer experience. Cosmo’s film offerings include BOPP and CPP films. Today, the company is one of…

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