Cosmo First’s Specialty Chemicals Business Gains Momentum

Cosmo First (

) is seeing an interesting shift within its business mix as its specialty chemicals and rigid packaging businesses begin contributing more meaningfully alongside its core film business. In Q1 FY27, consolidated revenue increased 45.8% YoY to ₹1,166 crore, while EBITDA rose 26.7% to ₹147 crore and PAT increased 25.6% to ₹54 crore. More importantly, the company's specialty chemicals subsidiary delivered 34% YoY topline growth and a 25% EBITDA margin during the quarter. The second piece of the story is Cosmo Plastech, the company's rigid packaging vertical. Revenue grew more than 58% YoY in Q1 FY27, and the business turned EBIT positive during the quarter. What makes Cosmo First interesting is therefore not just the growth in its traditional film business. It is the gradual emergence of higher-growth businesses within the group that could change the overall earnings mix.