Announcement under Regulation 30 (LODR)- Earnings Call Transcript

CFL/SE/2026-27/NOV/06 November 10, 2026 The Manager (Listing) The Manager (Listing) BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai-400 001 Bandra – Kurla Complex Scrip Code: 508814 Mumbai-400 051 Security ID: “COSMOFIRST” Sub: Transcript of Analyst/Investor Earnings Call Dear Sir, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of Analyst/Investor Earning Call held on November 04, 2026 The same is also available on the website of the Company at the below mentioned link: - https://www.cosmofirst.com/investors/investors-presentation You are requested to take the same on your records. Thanking You Yours faithfully For Cosmo First Limited Jyoti Dixit Company Secretary & Compliance Officer Cosmo First Limited November 4th, 2026 Cosmo First Limited Q2 FY27 Earnings Conference Call November 04, 2026 Moderator: Ladies and gentlemen, good day and welcome to the investor call of Cosmo First Limited to discuss the Q2 FY27 Results. Today, we have with us from the Management, Chairman and Managing Director - Mr. Ashok Jaipuria, Group CEO - Mr. Pankaj Poddar, Group CFO - Mr. Neeraj Jain, CEO Zigly and Head Corporate Development - Mr. Saurabh Jain. Starting off with the statutory declaration, certain statements in the conference call may be forward-looking. These statements are based on the management's current expectations and are subject to uncertainties and changes in circumstances. These statements are not guarantees of future results. As a reminder, all participant lines will be in listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during this conference call, please signal for an operator by pressing ‘*’ followed by ‘0’ on your touch- tone telephones. Please note that this conference call is being recorded. Now, may I request Mr. Ashok Jaipuria – Chairman and Managing Director, to take us through his opening remarks. Thank you and over to you, Chairman Sir. Ashok Jaipuria: Thank you. Good afternoon, ladies and gentlemen, and a very warm welcome to Cosmo First's Q2 FY27 Earnings Conference Call. As we enter the festive season, I extend warm Diwali greetings to all our investors, stakeholders, and current and prospective shareholders. This is the first investor conference call that I am attending, following several requests for my participation. We continue to operate in a highly volatile environment. Developments such as the conflict in the Middle East, volatility in petroleum markets, and broader global uncertainties are beyond the control of any individual company and have created a challenging operating environment. At Cosmo, we are trying to navigate each of these challenges. Some we are able to anticipate and prepare for, and we have grown stronger through them, while others we are still grappling with. Coming to Cosmo, I broadly view the Company in two parts: our established B2B businesses and our newer B2C verticals. Our B2B businesses are profitable, delivering profitable growth and strengthening their market positions through a greater focus on specialty sales. At the same time, our relatively nascent B2C businesses are scaling strongly, supported by sustained investment in brand building and expansion. Profitability in these businesses will take time to mature, although some have already reached a more mature stage and are delivering the desired results. Page 1 of 14 Cosmo First Limited November 4th ,2026 Growth has always been very central to our philosophy, but we are very picky and choosy on the growth as we remain focused on building and scaling businesses for the medium term. In this journey, we are going to do two capacity additions to further enhance specialty products. In H2 of FY27, one of the world's most advanced coating film line and 9 barrier sheet line for which we will discuss further details. We have also moved towards a 10-meter line with the highest speed and the biggest capacity in the world on our BOPP films last year. Polyester films also, we have now gone on new products which for the first time in India and possibly in the world to a large extent we are doing well and we are growing in those businesses of PETG which we are hopeful that will stand us well in the future. Our focus in the films business is on accelerating the specialty portfolio, strengthening the core business model and having high level of customer satisfaction driving superior returns on capital employed. Going forward, the growth CAPEX will be increasingly aligned towards the specialty products and products with better margins, differentiation and capital efficiency. Aligned with specialty strategy, we are adding 16,000 tons of high-end chemical coated film capacity in second half of FY27. Coming to specialty chemicals: We continue to scale strongly with the H1 '27 revenue growing 59% to approximately Rs. 155 crore driven by three niche verticals of coating chemicals, masterbatches and adhesives. Our medium term, we see this business building at close to Rs. 500 crore revenue with a 20% plus ROCE supported by sustained growth across these three verticals. Plastech, another business that we initiated two to three years ago with H1 '27 revenue growing 73% to Rs. 75 crore as we continue to expand our presence in specialty rigid packaging. The upcoming 9-layer barrier sheet film with 10,000 metric tons annual capacity will expand our specialty product capabilities and support the next phase of growth with a relatively modest capital investment. Both the consumer businesses, Cosmo Consumer, which is the window films, paint protection film and ceramic coatings and Zigly, our pet care business continue to scale up with 260% and 58% topline growth respectively in H1 '27 year-on-year basis. In Cosmo Consumer encompassing window films, paint protection films and ceramic coatings, our focus is on expanding the distribution network and strengthening market reach. Alongside growing our domestic presence, we are increasing our focus on international markets and exports, creating a larger addressable market for the business. This as you know is our ethos and our culture in Cosmo that we believe that we should be competitive in the international market also. Zigly continues to build scale in the pet care ecosystem with its network now spanning on 48 centers including three hospitals with medical care, strengthening our omnichannel presence and service capability. Going forward, our focus remains on scaling Page 2 of 14 Cosmo First Limited November 4th ,2026 services, particularly vet services and growing our private label portfolio along with grooming. We believe it will support the sustained growth and an improved business mix vis-à-vis our competition. Going forward, company's priorities are very clear. Deliver sustainable growth across businesses, improve ROCE, reduce our net debt while creating enduring value for all our stakeholders. As you are aware, we have embarked on a CAPEX cycle of high investments in the last three years which is roughly about Rs. 1,250 to 1,300 crore and now we will be in a position to fully leverage the CAPEX done on various products. The company is also going for further increase in renewable power as we believe both in the environment and economic benefit to the company. By next year, renewable power is expected to account for approximately two-thirds of our power requirements. This will support our sustainability objectives and generate estimated annual power-cost savings of approximately Rs. 25 crore to Rs. 30 crore. Coming to Cosmo performance for September ‘26 quarter, we had a good quarter. Our consolidated sales have grown by 51% and EBITDA has grown by 38% on year-on-year. Now, while Neeraj will share with you the financial results of the company, I would also like to m [Showing first 8,000 characters — download PDF for full document]