Margins under pressure but Cosmo First remains positive

Indian converter Cosmo First has said that it has “outperformed the environment”, despite posting a drop in quarterly earnings. The company’s EBITDA for the second quarter of fiscal year 2023 was Rs 124 crore ($15.3 million), down from Rs 152 crore ($18.7m) in the corresponding period in 2022. Net revenue rose, however, to Rs 778…