Borosil Limited has informed the Exchange about Transcript of Earnings Conference Call
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Borosil posted 9M FY26 consolidated revenue of INR912 crores, up 9% YoY, with operating EBITDA of INR145 crores (margin 16.2%, down from 17%) and PAT of INR64.1 crores, up 1.6% YoY. The company maintained a net cash position of INR13 crores and generated INR130 crores in operating cash flow. Glassware led growth at 21% to INR231 crores, driven by the shift from plastic to glass, while opalware grew 7% to INR314 crores and non-glassware only 2% to INR349 crores due to BIS-related supply disruptions in the hydra bottle range (30% degrowth). Management announced a INR65 crore Rajasthan facility for steel bottles (~4 million units/year), commissioning 2 of 3 lines by March 2026, and a INR75 crore solar plant covering 65% of power needs. CEO guided EBITDA margins toward the 'low-20s' in the near future and reiterated a 24% pretax ROCE target.
Near-term growth remains capped by hydra supply issues, but a clear margin expansion path (16% to low-20s) is outlined, supported by new manufacturing, solar power, and structural glassware tailwinds. Shareholders can expect ramp-up of the Rajasthan plant in FY27 to restore lost shelf share and drive margin recovery, though FY27 capex quantum was not disclosed.