Cosmo First Limited announced its unaudited financial results for the quarter ended June 30, 2026, following a board meeting held on August 06, 2026. The meeting commenced at 02:15 PM and concluded at 05:50 PM. The results were reviewed by the Audit Committee and approved by the Board of Directors, with a limited review report provided by statutory auditors S N Dhawan & CO LLP.

Standalone Financial Performance (Rs in Crores)

  • Revenue from operations: ₹1,058.63 (Q1 FY27) vs ₹750.92 (Q1 FY26) and ₹910.99 (Q4 FY26)
  • Other income: ₹10.46 (Q1 FY27) vs ₹25.07 (Q1 FY26) and ₹15.38 (Q4 FY26)
  • Total income: ₹1,069.09 (Q1 FY27) vs ₹775.99 (Q1 FY26) and ₹926.37 (Q4 FY26)
  • Profit before tax: ₹37.93 (Q1 FY27) vs ₹37.61 (Q1 FY26) and ₹39.52 (Q4 FY26)
  • Tax expense: ₹8.30 (Q1 FY27) comprising current tax ₹6.19, deferred tax ₹2.12, and prior year adjustments ₹(0.01)
  • Net profit: ₹29.63 (Q1 FY27) vs ₹29.81 (Q1 FY26) and ₹29.97 (Q4 FY26)
  • Total comprehensive income: ₹35.89 (Q1 FY27) vs ₹10.67 (Q1 FY26) and ₹22.90 (Q4 FY26)
  • Earnings per share: Not explicitly stated for standalone
  • Paid-up equity share capital: ₹26.25 crores (face value ₹10)
  • Other equity: ₹1,280.26 crores as per balance sheet

Consolidated Financial Performance (Rs in Crores)

  • Revenue from operations: ₹1,165.54 (Q1 FY27) vs ₹800.03 (Q1 FY26) and ₹1,020.68 (Q4 FY26)
  • Other income: ₹11.04 (Q1 FY27) vs ₹24.46 (Q1 FY26) and ₹17.07 (Q4 FY26)
  • Total income: ₹1,176.58 (Q1 FY27)
  • Profit before tax: ₹70.73 (Q1 FY27) vs ₹54.46 (Q1 FY26) and ₹57.71 (Q4 FY26)
  • Tax expense: ₹16.98 (Q1 FY27) comprising current tax ₹15.53, deferred tax ₹1.44, and prior year adjustments ₹0.01
  • Net profit: ₹53.75 (Q1 FY27) vs ₹42.87 (Q1 FY26) and ₹36.91 (Q4 FY26)
  • Total comprehensive income: ₹58.12 (Q1 FY27) vs ₹30.72 (Q1 FY26) and ₹47.94 (Q4 FY26)
  • Earnings per share: Basic ₹20.71, Diluted ₹20.45 (Q1 FY27)
  • Paid-up equity share capital: ₹26.25 crores
  • Other equity: ₹1,590.37 crores as per balance sheet

Segment-wise Performance (Q1 FY27)

Revenue:

  • Packaging films: ₹1,089.07 crores
  • Speciality chemicals: ₹66.20 crores
  • Cosmo Plastech: ₹36.09 crores
  • Cosmo Consumer: ₹11.15 crores
  • Petcare: ₹18.36 crores
  • Others: ₹0.00 crores
  • Inter-segment revenue: ₹(55.32) crores

Segment results (Profit before tax and interest):

  • Packaging films: ₹122.78 crores
  • Speciality chemicals: ₹17.08 crores
  • Cosmo Plastech: ₹2.46 crores
  • Cosmo Consumer: ₹(2.03) crores
  • Petcare: ₹(14.84) crores
  • Others: ₹0.00 crores

Key Developments

1. Joint Venture Formation: During the quarter, the company incorporated a 50:50 joint venture with Filmax Corporation, Korea, named 'Filmax Cosmo Korea Limited' to undertake distribution, sale and marketing of flexible packaging and other products manufactured by both partners. Both parties have subscribed to the initial paid-up share capital.

2. Tax Regime Evaluation: Pursuant to amendments under the Finance Act, 2026, the company re-evaluated its option to adopt the concessional tax regime under Section 200 of the Income-tax Act, 2025. Current tax for the quarter continues to be determined under the existing tax regime, while deferred tax assets and liabilities have been re-measured using expected future tax rates.

3. Customs Duty Refund: The US subsidiary received a refund of approximately USD 7 million in July 2026 following reversal of additional customs duty imposed in FY25-26 on imports from India into the USA. This amount has not been appropriated pending finalization of customers' refunds.

4. Exceptional Items: For the quarter and year ended March 31, 2026, an exceptional item of ₹7.20 crores was recorded, representing provision made by the company's Netherlands subsidiary towards ultimate loss (net of recovery from insurance/legal process) related to unauthorized bank transfer matter.

Subsidiaries and Joint Ventures Included

The consolidated results include:

  • Subsidiaries: Cosmo Films Singapore Pte Ltd., Cosmo Films Korea Limited, Cosmo Films Japan GK, Cosmo Films Inc., Cosmo First Europe B.V., CF Investment Holding Private (Thailand) Company Limited, Cosmo Speciality Chemicals Private Limited, Cosmo Speciality Polymers Private Limited, Cosmo Global Films Private Limited, Zigly Pet Ventures Limited
  • Joint Venture: Filmax Cosmo Korea Limited (incorporated May 15, 2026)

The auditors noted that one subsidiary with revenues of ₹145.91 crores and net profit of ₹14.05 crores was reviewed by other auditors, while five subsidiaries with total revenues of ₹32.55 crores and net profit of ₹2.79 crores were not reviewed as they were not material to the group.