As a four decade old Company Cosmo Films has been successful in steering throughseveral pandemic like situations and while the past year has been extremely difficult wewere able to glide through with our extensive efforts in expansions and innovations in theinterest of the public and the environment has a whole. The harrowing scenes from thepandemic made us review and rethink our overall goals and we realized that the need ofthe hour is to create a sustainable society wherein the future is not piled up with wastemounting on landfills. We have worked with several FMCG and Pharmaceutical brands toprovide sustainable packaging and labeling solutions for packaged food items sanitizerssoaps and hand washes which saw an exponential growth during the times of the pandemic.While humanity surpassed economic goals during the tough times the pressure on thepharmaceutical industry to come out with a quick remedy for Covid also increased theburden on us as well since we work directly with the sector. And with people trapped intheir homes in quarantine the demand for on-the-go food skyrocketed which further pushedus to squeeze in extra hours of work. The financial year 2020-21 was hard even ondeveloped countries and every business more or less struggled to stay afloat thegovernment too responded with sensitivity and introduced major economic reforms to reducethe burden on entrepreneurs.
Packaging is one of the quickest growing sectors in the country. The Indian packagingmarket which was valued at USD 75 billion during last year is not showing any signs ofslowing down and is expected to reach USD 204.81 billion by the year 2025 and is believedto register the CAGR of 26.7% in the 2020-2025 phase. We use a lot of packaging everysingle day from milk packets to chocolate wrappers to orders that arrive from e-commercewebsites; and emerging economies like ours are great contributors to the global packagingindustry. The pharmaceutical industry food processing industry manufacturing industryand FMCG are just a handful of businesses that are utilizing our solutions.
With our motivation to help create a sustainable future through innovative productsolutions we could successfully survive this turbulent period and our performance in theprevious financial year is a reflection of our quick thinking and adaptability to thechanging circumstances. After weathering the storm of the initial lockdown we couldswiftly return to the enhanced profit trajectory and ended the year on a strong note. Wewere able to expand our market size became profitable and most importantly were able toincrease goodwill among our users. In the past financial year we registered sales of Rs.2285 crores and could grow the specialty sales by 20%. The consolidated EBIDTA for theyear increased by 53% which translated to almost Rs. 430 crores against the Rs. 281 croreswe had made in the financial year 2020. We boast of 115% growth in EPS during the yearthe net debt has come down to Rs. 438 crores with a one-time net debt/EBITDA ratio. As of31 March 2021 our Return on Capital is a strong 22% and our Return on Equity is 30%.
With the sheer grit and hard work of our employees and associates Cosmos Films hasbecome a name to reckon with around the world for newer innovative solutions. Thesignificant share of specialty films in the overall sales has cemented the Company'sposition as a strong player and will aid the Company to achieve their objectives when thetides turn. On the expansion front the construction of specialized BOPET line has alreadybegun and is running as per plan despite the Covid related challenges. While the internalconsumptions for Masterbatch is growing substantially the external sales are alsobelieved to start soon. Our Company has successfully carried out the creation anddevelopment of several textile chemical products each with a specific unique sellingproposition. All of them are under trials with textile manufacturers and processors. Thecommercial debut would follow in H1 Financial Year 2021-22. The Petcare pilot launch willbegin in Q2 of the financial year 2021-22 under the brand name of Zigly' and willprovide unique solutions to Pet Parents across various channels. The Company has startedto work on several sustainability projects. We are working on a mono-layered structures tomake the recycling process easier rainwater harvesting is also on the cards reuse ofeffluent treated water is an idea we are still developing waste elimination is a cause wedeeply care about and plantation of more than 5000 trees is underway to reduce pollution.These steps will ensure that we rationalize costs in the coming quarters while healing theenvironment. We as a Company are constantly reinventing ourselves and our offerings tostay ahead of the curve. We strive to offer great products to our users conceived anddeveloped after in-depth research and development. We are facilitating the creation of newand innovative products to meet the ever-evolving needs of global customers.
Giving Back to the Society
Though our industry is not free from loopholes we are striving to make ours an ethicalCompany which apart from striving for growth and business excellence also doesn't shyaway from focusing on the betterment of the marginalized and society in general. CosmoFoundation aims to empower rural communities by assisting them to realize their potential.As an extension of our existing programs on computer literacy Basic English LeaningClean and Green initiatives we also engaged ourselves to provide resources to the poorwho were impacted the most by the pandemic. We touched about 250000 lives of people whowere the residents of Gujarat Delhi Haryana Rajasthan and Maharashtra's villages bycatering to their needs of masks grocery sanitizers and cooked meals. We providedmedical equipment such as ventilators to a medical college in Aurangabad Maharashtra. Toensure that the rural children's education does not suffer during these turbulent timeswe also launched an online learning platform called Cosmo Digi Pathshala which can beeasily accessed via Whastapp.
We at Cosmo are greatly inspired by and wish to pay our respects to the countlessfrontline warriors owing to whose selfless service the society is still surviving andthriving. I am also proud of the Company's employees who demonstrated unparalleled courageand conviction through these times. I would like to say thank you to our stakeholders forreposing their confidence and faith in our Company. We are committed to deliver long-termstakeholder value and look forward to achieving many milestones together in the comingyears.
Chairman and Managing Director