|In Rs. crores||Q1 FY19||Q1 FY18|
|EPS (in Rs.)||5.3||4.8|
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.”
About Cosmo Films Limited
Established in 1981, Cosmo Films Limited today is a global leader in speciality films for packaging, lamination and labeling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and soon to be offered biaxially oriented polyethylene terephthalate (BOPET) films. Today, the company is the largest exporter of BOPP films from India and is also the largest producer of thermal laminating films in the world with plant cum distribution centres in the U.S, Korea & Japan and global channel partners in more than seventy countries.