Cosmo Films subsidiary forays into FMCG market; stock rises over 1 per cent

Cosmo Films Limited informed the exchanges that its wholly-owned subsidiary, Cosmo Speciality Chemicals has forayed into the fast-moving consumer goods (FMCG) industry with the launch of Fabritizer, an after-wash laundry sanitiser for germ-free clothing.   

In a press release to BSE, the company stated that Fabritizer will be available on e-commerce giants including Flipkart and soon be launched on its own e-commerce platform across India. It added that the product is AATCC 100: 2012 and 2019 Standard certified, making it a superior product in the market as well as protected against human COVID viruses (tested as per ISO 18184 standards at a lab in the USA)  

Speaking on the announcement, Pankaj Poddar, Director, Cosmo Speciality Chemicals Pvt Ltd & CEO of Cosmo Films Limited stated that the product can be a game-changer for tackling the current situation of COVID.   

Cosmo Speciality Chemicals, a wholly-owned subsidiary of Cosmo Films Limited is into speciality polymers & textile chemicals.   

At 12.31 pm on Friday, the stock of Cosmo Films Limited was trading at Rs 870.90, up by 1.40 per cent or Rs 11.75 per share as against a 0.37 per cent gain in the benchmark index. The 52-week high and 52-week low of the scrip was recorded at Rs 892.30 and Rs 274.20 respectively on BSE.