Borosil Limited has informed the Exchange about Transcript
BOROLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Borosil reported Q1 FY26 consolidated revenue of INR 232.7 crores, up 5.2% YoY, with operating EBITDA rising 16.1% to INR 40.2 crores and margins expanding to 17.8% from 16% on the back of lower marketing and power costs. Profit after tax grew 87.4% to INR 17.4 crores, aided by a one-time INR 7.2 crore stamp duty reversal. Non-glassware was the only category to show meaningful growth (10.7% to INR 94.2 crores), while glassware and Larah opalware were nearly flat due to weak consumer sentiment, fewer weddings, and the impact of UCPMP 2024 pharma gifting rules. Management reiterated a medium-term 15-20% revenue CAGR, a 20% EBITDA margin target in 2-3 years, and ROCE north of 20% on new ventures. Capex guidance for the year is INR 125-130 crores, including a new INR 40 crore Rajasthan facility for vacuum-insulated steel flasks (targeted Q4 FY26 commercial production) and INR 75 crore for a 20 MW solar plant.
Steady margin expansion despite muted top-line growth is a positive signal, supported by a very low net debt position of INR 5.1 crores and aggressive capex into solar and steel-bottle manufacturing. However, soft consumer demand and the loss of pharma gifting revenue (over INR 50 crore annually) may keep near-term growth sluggish, though management expects a festive-season rebound.