Cosmo Films reports 53% increase in EBITDA and 69% in PAT on YOY basis

Cosmo Films Limited, 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 crores during Q1 FY21 on the back of higher speciality sales (up by 20%) and improved operating margins. Pent-up demand from previous quarter and supplies opening up in phased manner led to a favourable demand supply scenario and improved margins.

Covid-19 pandemic had marginal impact during the quarter. The Company expects that Covid-19 impact may remain only marginal in the following quarters too barring unforeseen conditions.