Cosmo First Q2 profit doubles, helped by US duty refund
Cosmo First reported Q2 FY27 profit after tax of USD 10.5m (INR 99 crore), up 111% year on year, as net revenue rose 51% to USD 147.8m (INR 1,388 crore) and EBITDA rose 38% to USD 18.8m (INR 177 crore). The quarter included a USD 2.6m (INR 24.8 crore) write-back from a US customs-duty refund and a benefit from a concessional tax regime, while EBITDA margin fell to 12.8% from 14.0%. The speciality films group plans to add 16,000 tonnes of chemical-coated film capacity and a 10,000-tonne nine-layer barrier-sheet line in the second half of FY27.
Why this mattersCosmo First's doubled profit rests partly on a one-off US duty refund and a tax change; EBITDA margin fell 120 basis points as revenue outgrew EBITDA.
- Q2 FY27 profit after tax rose 111% to USD 10.5m (INR 99 crore) from USD 5.0m (INR 47 crore)
- Net revenue rose 51% to USD 147.8m (INR 1,388 crore); EBITDA rose 38% to USD 18.8m (INR 177 crore)
- EBITDA included a USD 2.6m (INR 24.8 crore) US customs-duty write-back and a USD 0.7m (INR 7 crore) stock loss
- EBITDA margin fell to 12.8% from 14.0%
- Net debt fell to USD 112.5m (INR 1,057 crore) at September 2026 from USD 123.4m (INR 1,159 crore) at March 2026, 1.9x EBITDA
- H2 FY27 additions planned: 16,000 tonnes of chemical-coated film and 10,000 tonnes of nine-layer barrier sheet capacity