Any sharp rise in raw material prices or softening of FMCG demand could hurt prospects
During FY21, Cosmo Film's PAT more than doubled (up 110 per cent up from FY20) on the back of higher speciality sales, better operating margins, and an uptick in performance by subsidiaries
Jindal Polyfilms has hit a new high, surging 10 per cent at Rs 941 on the BSE in the intra-day trade. The stock has zoomed 91 per cent in the past 10 trading days of the March
Larger players such as Blackstone-owned EPL are expected to gain from the ongoing consolidation
Cosmo Films Ltd has reported an 83.65 per cent increase in consolidated net profit to Rs 52.71 crore in the second quarter ended September.
The company will sell an additional 169 million new shares should a so-called greenshoe option be exercised in full, the filing said
Packaging products maker Cosmo Films on Wednesday said it will invest Rs 300 crore to set up a new line of speciality polyester films
Specialty chemicals and packaging businesses to aid near term growth
Packaging firms have witnessed higher volume growth and better earnings in the April-June quarter, helped by a rise in consumption of packed products amid the coronavirus lockdown
Ruling out inorganic route to scale up, he said they plan to increase output gradually in a modular manner every year so that both manpower and technology go hand in hand to meet rising demand
Cosmo Films gained 1.82 per cent to its fresh all-time high of Rs 488.95 on the BSE after announcing its June quarter earnings
It said that the boom in e-commerce and organised retail will enhance the growth of plastic packaging and per-capita consumption in the years to come