Cosmo First Ltd Share Price – NSE /  BSE

Packaging, Small Cap

Cosmo Specialty Chemicals, a 100% subsidiary of Cosmo First and a one stop solution for a range of Adhesives, Masterbatches, and Coating Chemicals, has announced the launch of its innovative COSEAL-601 heat seal coating solution. The company's heat seal coating technology has demonstrated remarkable market performance, consistently outperforming industry benchmarks across various temperature ranges.

Recent performance data shows COSEAL-601 achieving superior sealing strength compared to market alternatives, particularly in the crucial 120-160?C temperature range. The product has demonstrated exceptional versatility across both 2-ply and 3-ply aluminium foil laminated structures, making it ideal for diverse packaging applications.

Backed by strong financial performance and superior technical specifications, the Company's innovative approach has witnessed Cosmo Specialty Chemicals achieving 60% sales growth over last year (Dec 2024 YTD basis) and EBITDA in high teens.

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Cosmo Specialty Chemicals, a 100% subsidiary of Cosmo First and a one-stop solution for a range of Adhesives, Masterbatches, and Coating Chemicals, has launched its innovative range of Oil and Grease Resistant (OGR) barrier coatings. These advanced solutions offer sustainable alternatives to traditional polyethylene coatings, addressing growing environmental concerns while maintaining superior performance.

Globally, various governments have implemented phasing out traditional polyethylene coatings focusing on sustainable packaging solutions. Cosmo Specialty Chemicals is moving in this direction by launching two distinct grade OGR coatings - OGR 145B and OGR 145S - designed to meet diverse packaging requirements across industries. These water-based formulations are a sought-after solution for the packaging industry in its efforts toward green manufacturing.

The OGR 145B, a non-heat sealable barrier coating, offers excellent oil and grease resistance for food packaging applications. Its unique formulation provides superior water and oil resistance properties, versatile coating application compatibility, anti-blocking properties, zero VOC emissions and is FDA compliance for direct food contact.

Complementing this, the OGR 145S variant introduces heat-sealing capabilities, specifically engineered for paper cup manufacturing. This coating delivers enhanced heat-seal properties for paper-to-paper bonding, excellent resistance against water, moisture, oil, and grease, flexible application options including gravure, flexo, and air knife coating and food-grade compliance for safety.

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Net profit of Cosmo First rose 160.21% to Rs 29.56 crore in the quarter ended December 2024 as against Rs 11.36 crore during the previous quarter ended December 2023. Sales rose 12.14% to Rs 700.65 crore in the quarter ended December 2024 as against Rs 624.79 crore during the previous quarter ended December 2023.

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Cosmo First will hold a meeting of the Board of Directors of the Company on 11 February 2025.

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