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Monday, October 26th, 2020

Cosmo Film Q1 FY19 I EBITDA increases by 19% YoY I Net Revenue up 24% at Rs 517.6 Cr

INVC NEWS Chennai,

Cosmo Films Limited, a global leader in films for packaging, labelling & lamination applications and synthetic paper today declared its financial results for the quarter ended June 30, 2018. 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.While commodity film margins remained subdued, the company achieved higher EBITDA from enhanced operational efficiencies, volume increase and a better sales mix. Commenting on the financial performance of the company Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. 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.”


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