Cosmo Films reckons promising future ahead

Pankaj Poddar, Chief Executive Officer (CEO)

It is commendable for Cosmo Group to have performed so well in recent times and have joined the elite group of companies that reflects green shoots of recovery for the Indian economy in times post Covid 19 pandemic. Cosmo Films is a name to reckon globally for newer, innovative solutions. The specialty films sales have grown YOY in the last 3 years and growth rate in FY21 surpassed 20% despite the base becoming larger each passing year, reaffirming the Company’s growth strategy through continuous investment in R&D, Sales & Marketing, Employee practices, Quality and Customer satisfaction. The significant share of specialty films in the overall sales has made a strong foundation for Cosmo and will help Company do well even in the tougher times. We are on expansion front and the construction of our specialised BOPET line has started and is running as per plan even amid significant Covid related challenges. The internal consumption for Materbatch is growing continuously and the external sales will start soon. The Company has successfully completed development of several textile chemical products, each with specific USPS. These are currently under trial with textile manufacturers and processors. Commercial launch would follow in H1FY22. Pet care pilot launch will start in Q2 FY22 under the brand name “Zigly” and will provide a unique value proposition to Pet Parents across different channels.