During Q3 FY18, sales volume increased by 33% year-on-year on the back of 90% capacity utilisation of the new BOPP line commissioned in February 2017. Speciality sale has also grown by 30% year-on-year. The favourable impact of the volume increase was offset due to subdued commodity film margins through the quarter.

PAT and EPS are lower due to additional interest and depreciation of the new BOPP line and higher tax provision. In Q3 FY17, there was tax reversal of Rs 6.2 crore relating to earlier periods.

Pankaj Poddar, CEO, Cosmo Films, said, “BOPP film margins witnessed high volatility during the quarter with some stability returning in later part of December 2017. We remain focused on speciality and export sales to ensure full utilisation of our lines bringing further efficiencies to our operations.”

Established in 1981, Cosmo Films Limited today is a global leader in speciality films for packaging, lamination and labelling applications. Its films offerings include BOPP films, CPP films and soon to be offered BOPET films.