Cosmo First Ltd (COSMOFIRST) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management has guided for a net debt reduction of INR 300-500 crores over the next two years, signaling an end to the major CapEx cycle.
- The US films business is targeting over $100 million in revenue next year, building on a strong 35% volume growth in Q2 FY27.
- Two new high-margin specialty lines—a coating line and a barrier sheet line—are coming online in H2 FY27, reinforcing the push towards a 70% specialty sales mix.
Performance Overview
- The company reported a strong quarter with 51% YoY growth in consolidated sales and 38% YoY growth in EBITDA.
- B2B businesses, including films and specialty chemicals, are profitable and demonstrating strong growth, with a clear focus on enhancing the specialty product portfolio.
- B2C businesses, Zigly (pet care) and Cosmo Consumer (window/paint protection films), are scaling rapidly with significant top-line growth, supported by investments in brand building and network expansion.
- The company is focused on improving ROCE, reducing net debt substantially over the next two years, and leveraging the significant CapEx cycle of the last three years.
- Strategic capacity additions for high-margin specialty products, including a coating film line and a barrier sheet line, are set to come online in H2 FY27.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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