Cosmo Films Ltd I Q1 FY19 Results I EBITDA increases by 19% YoY, Net Revenue up 24% at Rs 517.6 crore
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 Q1FY19,net revenue increased by 24% due to pass through of increase in raw material prices,increase in sales volumeand better sales mix.While commodity film marginsremained 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 remainsconsistent in its approach by focusing on internal efficiencies such as lines productivity, better sourcing andimproving the sales mix. Improvement in overseas subsidiaries operations has also started yielding results.”