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Latest filing: 2026-08-26 10:43
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Borosil Q1 FY27 Call: Revenue Up 9% to ₹253.6 Cr, EBITDA Margin Dips to 14.6% on Input Costs
Borosil Limited reported a 9% YoY increase in consolidated revenue to ₹253.6 Cr for Q1 FY27, driven by 16.8% growth in glassware and 9.8% in Larah Opalware. Operating EBITDA declined to ₹35.9 Cr with margins contracting to 14.6% (vs 17.8% in Q1 FY26) due to an estimated ₹10 Cr cost impact from fuel and packaging inflation. PAT stood at ₹12.8 Cr compared to ₹17.4 Cr in Q1 FY26. Management confirmed the commercial start of two double-wall Hydra bottle lines on June 30, 2026, alongside ongoing capex of ₹42 Cr at Bharuch and ₹50 Cr at Jaipur.
Confidence: HIGH
What changedSubmission of the Q1 FY27 earnings conference call transcript outlining operational performance, inflation headwinds, and manufacturing milestones.
Why it mattersProvides granular clarity on category growth drivers, the ₹10 Cr cost drag, and timelines for ₹92 Cr aggregate in-house manufacturing expansions.
Revenue (Q1 FY27): ₹253.6 CrOperating EBITDA (Q1 FY27): ₹35.9 CrNet Profit (Q1 FY27): ₹12.8 CrBharuch Capex: ₹42 Cr (~3.5% of TTM revenue)Jaipur Expansion Capex: ₹50 Cr (~4.1% of TTM revenue)
📅 Short termMargins may remain under pressure until recent price increases across product categories fully offset packaging and fuel inflation with a typical one-quarter lag.
📈 Long termIn-house manufacturing of Hydra bottles and expanded glass capacities at Bharuch and Jaipur should enhance supply chain control, reduce external sourcing reliance, and support operating margins.
⚠ Risk flags
- Input cost inflation in fuel and packaging materials
- Supply transition and BIS compliance hurdles in the Hydra insulated bottle category
- Increasing domestic competition in opalware and kitchenware
Key Highlights
Q1 FY27 consolidated revenue rose 9% YoY to ₹253.6 Cr from ₹232.7 Cr, while PAT declined to ₹12.8 Cr from ₹17.4 Cr.
Operating EBITDA fell to ₹35.9 Cr with margins at 14.6% vs 17.8% YoY, impacted by ~₹10 Cr input cost inflation linked to West Asia conflict.
Commissioned 2 double-wall manufacturing lines for Hydra insulated bottles in Rajasthan on June 30, 2026; third line scheduled for Q2 FY27.
Progressing on ₹42 Cr Bharuch glassware facility (Q3 FY27 target) and ₹50 Cr Jaipur furnace expansion from 25 TPD to 32 TPD (Q4 FY28 target).
Commissioned a 20 MWp captive solar plant with battery storage in Bikaner, raising solar power coverage to ~61% of total energy requirements.
👀 What to Watch
Track realization of price hikes to offset input inflation in upcoming quarters, along with volume ramp-up and BIS compliance progress at the newly commissioned Hydra facility.
Borosil Reports Q1 FY27 Revenue at ₹253.6 Cr (+9% YoY); Targets 18% EBITDA Margin
Borosil Limited reported a 9% YoY rise in consolidated Q1 FY27 revenue to ₹253.6 Cr, supported by 16.8% growth in glassware and 9.8% growth in Larah Opalware. Operating EBITDA declined to ₹35.9 Cr (14.6% margin vs 17.8% in Q1 FY26) due to an estimated ₹10 Cr cost headwind from the West Asia conflict impacting fuel and packaging. The company commissioned two double-wall lines for vacuum-insulated flasks at its Hydra plant in June 2026, with a third line slated for Q2 FY27. Management is aiming to improve full-year EBITDA margins toward 18% as pricing adjustments and captive solar savings materialize.
Confidence: HIGH
What changedBorosil disclosed detailed Q1 FY27 operational metrics, commercial launch of Hydra flask lines, and third captive solar plant commissioning.
Why it mattersDomestic production for the Hydra range mitigates BIS regulatory headwinds, while expanded solar capacity (~₹30 Cr annual EBITDA savings from ₹130 Cr invested) helps counter elevated input costs.
Q1 FY27 Revenue: ₹253.6 CrQ1 FY27 EBITDA Margin: 14.6%Q1 FY27 PAT: ₹12.8 CrNet Debt (as of June 30, 2026): ₹99.0 CrBharuch Glassware Capex: ₹42 Cr
📅 Short termMargins remain compressed in the immediate term due to petroleum/packaging cost lag, though pricing hikes and stabilized fuel costs should support sequential recovery.
📈 Long termBackward integration into stainless steel vacuum flasks and captive solar power provide structural margin levers and reduce supply-chain volatility over the medium term.
⚠ Risk flags
- Volatile fuel and packaging material costs linked to geopolitical tensions
- Execution and ramp-up risks at the newly commissioned Stylenest Hydra manufacturing facility
Key Highlights
Consolidated Q1 FY27 revenue rose 9% YoY to ₹253.6 Cr from ₹232.7 Cr.
Operating EBITDA stood at ₹35.9 Cr with margins at 14.6%, down from 17.8% YoY due to a ~₹10 Cr input cost impact.
PAT declined to ₹12.8 Cr in Q1 FY27 compared to ₹17.4 Cr in Q1 FY26.
Commissioned 20 MWp captive solar plant with battery storage in Bikaner, raising solar power share to ~61% of total energy requirements.
Commercial production on two double-wall Hydra lines commenced on June 30, 2026; third line scheduled for Q2 FY27.
👀 What to Watch
Track the ramp-up and BIS-compliance rollout of the Hydra manufacturing lines in Q2 FY27 and monitor whether EBITDA margins rebound toward the guided 18% level as input cost pressures normalize.
Borosil Q1 PAT Drops 26.5% YoY to ₹12.80 Cr Despite 9.0% Revenue Growth; New CS Appointed
Borosil Limited reported consolidated Q1 FY27 revenue of ₹253.59 Cr (₹25,358.55 lakhs), up 8.98% YoY compared to ₹232.69 Cr in Q1 FY26. However, consolidated Net Profit declined 26.48% YoY to ₹12.80 Cr (₹1,280.29 lakhs) from ₹17.41 Cr, pressured by higher operating and procurement costs. Wholly owned subsidiary Stylenest India Limited commenced commercial production of vacuum-insulated stainless-steel flasks, bottles, and containers on June 30, 2026. The board also appointed Mr. Pradeep Joshi as Company Secretary & Compliance Officer (KMP) succeeding Mr. Bhaunik Shah due to internal role re-alignment.
Confidence: HIGH
What changedBorosil announced its Q1 FY27 financial performance showing margin compression alongside appointing a new Company Secretary & Compliance Officer (Mr. Pradeep Joshi).
Why it mattersOperating profitability saw pressure despite top-line growth, but the commercial launch of the domestic insulated bottle line (Stylenest) marks progress in localizing supply and tapping the target ₹2,000+ Cr insulated market.
Q1 Consolidated Revenue: ₹253.59 CrQ1 Consolidated PAT: ₹12.80 CrYoY Revenue Growth: 8.98%YoY PAT Growth: -26.48%Q1 EPS: ₹1.07Commercial Production Date (Stylenest): June 30, 2026
📅 Short termMargin pressure could weigh on stock sentiment in the near term following a 26.5% decline in quarterly net profit.
📈 Long termLong-term performance hinges on capacity ramp-up from the newly commissioned Stylenest plant and expanding market share in consumerware and insulated drinkware.
⚠ Risk flags
- Margin compression driven by higher operating and input expenses
- Execution and ramp-up risks at the new Stylenest manufacturing plant
Key Highlights
Consolidated revenue from operations grew 8.98% YoY to ₹253.59 Cr in Q1 FY27 from ₹232.69 Cr in Q1 FY26
Consolidated Net Profit dropped 26.48% YoY to ₹12.80 Cr vs ₹17.41 Cr in the corresponding quarter last year
Diluted EPS contracted to ₹1.07 for the quarter compared to ₹1.46 in Q1 FY26
Subsidiary Stylenest India Limited began commercial production of vacuum-insulated flasks and bottles on June 30, 2026
Mr. Pradeep Joshi appointed Company Secretary & Compliance Officer (KMP) effective August 15, 2026
👀 What to Watch
Track revenue contributions and margin ramp-up from the newly operational Stylenest stainless-steel bottle facility, alongside cost stabilization in upcoming Q2 FY27 results.
Borosil Q1 Net Profit Falls 26% to ₹12.8 Cr; New CS Appointed & Steel Flask Production Starts
Borosil Limited reported a 9% YoY growth in Q1 FY27 revenue to ₹253.59 Cr, up from ₹232.69 Cr. However, consolidated net profit declined by 26.5% YoY to ₹12.80 Cr, primarily due to a 10.8% increase in total expenses which reached ₹242.80 Cr. Operationally, the company achieved a milestone as its subsidiary, Stylenest India Limited, commenced commercial production of vacuum-insulated stainless-steel flasks on June 30, 2026. The board also appointed Mr. Pradeep Joshi, a veteran with 25 years of experience, as the new Company Secretary and Compliance Officer.
Confidence: HIGH
What changedBorosil has transitioned its secretarial leadership and officially moved from importing to domestic manufacturing for its 'Hydra' stainless steel range through its subsidiary.
Why it mattersThe commencement of domestic production is a key part of Borosil's strategy to tap into the ₹2,000+ Cr insulated bottle market and ensure BIS compliance, though short-term profitability has taken a hit during this transition.
Q1 Revenue: ₹253.59 CrQ1 Net Profit: ₹12.80 CrYoY Profit Growth: -26.5%Q1 EPS: ₹1.07Total Expenses: ₹242.80 Cr
📅 Short termThe stock may face neutral-to-negative sentiment in the short term due to the profit miss, despite the revenue growth and operational milestones.
📈 Long termThe long-term outlook depends on the successful ramp-up of the new manufacturing capacities and the company's ability to regain margins as it scales its 'Made in India' consumer-ware portfolio.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Margin compression due to rising operating expenses
- Execution risk in ramping up new domestic manufacturing lines
- Management transition in key compliance and secretarial roles
Key Highlights
Revenue from operations increased 9% YoY to ₹253.59 Cr for the quarter ended June 30, 2026.
Consolidated net profit dropped to ₹12.80 Cr compared to ₹17.41 Cr in the previous year's corresponding quarter.
Subsidiary Stylenest India Limited started commercial production of stainless-steel bottles and flasks on June 30, 2026.
Mr. Pradeep Joshi appointed as CS & Compliance Officer effective August 15, 2026, bringing 25+ years of experience from JK Paper and Welspun Corp.
Total expenses rose to ₹242.80 Cr, driven by higher purchases of stock-in-trade and employee benefit expenses.
👀 What to Watch
Monitor the revenue contribution and margin impact from the newly commissioned stainless-steel production lines in the upcoming quarters. Investors should also track if the current margin pressure is temporary due to the transition to 'Made in India' sourcing and BIS compliance.
BOROLTD Q1 Revenue Up 9% to ₹253.6 Cr; PAT Drops 26.5%; New Production Line Starts
Borosil Limited reported a mixed Q1 FY27 with revenue growing 9% YoY to ₹253.59 Cr, while consolidated Net Profit fell 26.5% YoY to ₹12.80 Cr due to higher operating costs. A significant operational milestone was achieved as subsidiary Stylenest India Limited commenced commercial production of vacuum-insulated stainless-steel products on June 30, 2026. The company also announced a leadership transition in the secretarial department, appointing Pradeep Joshi (ex-JK Paper) as Company Secretary, replacing Bhaunik Shah who moves to an internal role. Despite the bottom-line pressure, the company continues its 'Made in India' transition for the Hydra range.
Confidence: HIGH
What changedBorosil released its Q1 FY27 financial results, transitioned its Company Secretary role, and officially commenced commercial production at its new stainless-steel facility.
Why it mattersThe commencement of domestic production for the Hydra range reduces import dependency and aligns with BIS compliance, though current earnings show temporary margin pressure from rising costs.
Q1 Revenue: ₹253.59 CrQ1 PAT: ₹12.80 CrRevenue vs TTM Revenue: 21.2%YoY Revenue Growth: 9.0%YoY PAT Growth: -26.5%Production Start Date (Stylenest): June 30, 2026
📅 Short termThe stock may face slight pressure due to the 26.5% YoY decline in PAT, despite the revenue growth and operational progress.
📈 Long termThe shift to in-house manufacturing of stainless-steel products is structurally positive for long-term margins and supply chain resilience in the competitive consumerware segment.
⚠ Risk flags
- Margin compression in the current quarter
- High dependency on domestic vendor ecosystem for the Hydra range transition
Key Highlights
Revenue from operations increased 9% YoY to ₹253.59 Cr from ₹232.69 Cr.
Consolidated Net Profit declined 26.5% YoY to ₹12.80 Cr compared to ₹17.41 Cr in Q1 FY26.
Subsidiary Stylenest India Limited started commercial production of stainless-steel flasks and bottles on June 30, 2026.
Appointed Pradeep Joshi as Company Secretary & Compliance Officer, bringing over 25 years of experience from JK Paper and Welspun Corp.
Employee benefit expenses rose to ₹33.12 Cr from ₹30.38 Cr in the corresponding quarter last year.
👀 What to Watch
Investors should monitor the ramp-up of the new stainless-steel production line at Stylenest India and its impact on margins in H2 FY27. Watch for stabilization in operating expenses which pressured the Q1 bottom line.
Q1 FY27 PAT Falls 26.5% YoY to ₹12.80 Cr; Revenue Rises 9.0% to ₹253.59 Cr
Borosil Limited reported a 8.98% YoY growth in consolidated revenue from operations to ₹253.59 Cr (₹25,358.55 lakh) for the quarter ended June 30, 2026. However, consolidated Net Profit dropped 26.48% YoY to ₹12.80 Cr (₹1,280.29 lakh) compared to ₹17.41 Cr in Q1 FY26, largely impacted by higher operating costs. On a sequential basis, net profit rebounded 20.9% from ₹10.59 Cr in Q4 FY26. Additionally, the company announced that its wholly owned subsidiary, Stylenest India Limited, commenced commercial production of vacuum-insulated stainless-steel flasks and bottles on June 30, 2026.
Confidence: HIGH
What changedBorosil posted Q1 FY27 earnings showing YoY margin compression despite revenue growth, while commissioning commercial production at its stainless-steel insulated bottle subsidiary.
Why it mattersThe drop in YoY profitability highlights ongoing input/operating cost pressures, while the operationalization of the Stylenest subsidiary marks a key milestone in expanding Borosil's Hydra range domestically.
Consolidated Revenue (Q1 FY27): ₹25,358.55 lakhConsolidated PAT (Q1 FY27): ₹1,280.29 lakhQ1 Revenue vs TTM Revenue: ~21.2%Diluted EPS (Q1 FY27): ₹1.07Commercial Production Date (Stylenest): June 30, 2026
📅 Short termMuted market reaction expected due to YoY earnings contraction, though sequential improvement and new product commissioning provide partial support.
📈 Long termCommencement of local manufacturing for vacuum-insulated flasks reduces import dependence and supports long-term revenue growth across consumerware.
⚠ Risk flags
- Operating margin pressure driven by higher other expenses and material costs
- Execution and ramp-up risks at the new Stylenest manufacturing plant
Key Highlights
Consolidated revenue from operations rose 8.98% YoY to ₹25,358.55 lakh from ₹23,268.97 lakh in Q1 FY26
Net profit declined 26.48% YoY to ₹1,280.29 lakh versus ₹1,741.40 lakh in the corresponding quarter last year
Diluted EPS came in at ₹1.07 compared to ₹1.46 in Q1 FY26 and ₹0.88 in Q4 FY26
Wholly owned subsidiary Stylenest India Limited commenced commercial production of vacuum-insulated flasks and bottles on June 30, 2026
Appointed Mr. Pradeep Joshi as Company Secretary & Compliance Officer effective August 15, 2026, succeeding Mr. Bhaunik Shah
👀 What to Watch
Track capacity ramp-up and revenue contribution from the newly commissioned Stylenest India insulated bottle facility starting Q2 FY27, along with operating margin recovery ahead of the festive season.
Borosil Designates 4 Senior Management Personnel to Lead Operations and Governance
Borosil Limited has formally designated four executives as Senior Management Personnel (SMP) effective July 13, 2026, to lead key business functions. The appointments include internal veterans Ritesh Kumar (19 years at Borosil) and Manoj Tiwari (13 years at Borosil), alongside external hires with deep industry expertise. Notably, Dev Rishi Bhatnagar joins with 36 years of experience, including a leadership role at competitor Hamilton Housewares, which is relevant to Borosil's expansion in the insulated bottle market. These appointments align with the company's strategy to scale its 'Made in India' manufacturing and achieve its 14.7% expected growth rate.
Confidence: HIGH
What changedFour senior executives have been formally designated as Senior Management Personnel (SMP) under SEBI Listing Regulations.
Why it mattersThis strengthens the leadership layer responsible for Borosil's core growth segments (Appliances and Flasks) and manufacturing operations, which are essential for maintaining its TTM revenue of ₹1,196 Cr.
Number of SMP appointments: 4Ritesh Kumar tenure at Borosil: 19 yearsDev Rishi Bhatnagar industry experience: 36 yearsManoj Tiwari tenure at Borosil: 13 yearsTTM Revenue: ₹1196 Cr
📅 Short termThe announcement is administrative and unlikely to impact the stock price in the immediate term.
📈 Long termThe inclusion of experienced leaders, particularly from competitors like Hamilton, could improve manufacturing efficiency and product development in the consumer segment over the next few years.
Key Highlights
Appointment of 4 Senior Management Personnel effective July 13, 2026
Ritesh Kumar (Senior VP) brings 19+ years of internal experience in sales and business transformation
Dev Rishi Bhatnagar (VP - Jaipur Operations) brings 36+ years of experience, previously managing 5 plants at Hamilton Housewares
Manoj Tiwari (VP - Operations) has 13+ years at Borosil, focusing on the critical Appliances and Flasks categories
Pradeep Joshi (AVP - Secretarial) joins with 25+ years of experience from JK Paper and Welspun Corp
👀 What to Watch
Investors should monitor the execution of the Hydra range expansion and the operational efficiency of the Jaipur cluster, as these new SMPs are directly responsible for these growth drivers.
Borosil Commences Production at New Rajasthan Unit with 2 Double-Wall Lines
Borosil Limited has successfully commissioned its new manufacturing facility in Rajasthan for vacuum-insulated stainless-steel flasks and bottles through its subsidiary, Stylenest India Limited. Commercial production from two double-wall lines began on June 30, 2026, with a third line expected to be operational by Q2 FY 2026-27. This expansion is a strategic move to capture a larger share of the INR 2,000+ Cr insulated bottle market and transition from imports to 'Made in India' production. The move is expected to support the company's TTM revenue of Rs 1,196 Cr by strengthening its Hydra product range.
Confidence: HIGH
What changedBorosil has moved from the setup phase to active commercial production for its stainless-steel vacuum flask category at its new Rajasthan plant.
Why it mattersThis reduces import dependency and ensures compliance with BIS standards, while allowing the company to compete more effectively in the high-growth 'India Consumption Play' segment.
Lines commissioned: 2Target market size: INR 2,000+ CrTTM Revenue: Rs 1196 CrProduction start date: June 30, 2026
📅 Short termThe timely commencement of production (as per previous guidance) is likely to be viewed positively by the market, signaling strong project execution.
📈 Long termThis represents a structural shift toward backward integration and domestic sourcing, which could improve long-term operating margins and reduce supply chain risks.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Competition from established players like Milton
- Execution risk for the third production line
- Dependency on domestic vendor ecosystem development
Key Highlights
Commenced commercial production from 2 double-wall lines on June 30, 2026
Third double-wall line scheduled for commissioning in Q2 FY 2026-27
Targeting the INR 2,000+ Cr vacuum-insulated stainless-steel bottle and flask market
Facility operated through wholly-owned subsidiary Stylenest India Limited
Strategic shift to domestic manufacturing to ensure BIS compliance and supply chain stability
👀 What to Watch
Watch for the revenue ramp-up from the Hydra range in the Q2 and Q3 FY27 financial results to evaluate the margin impact of domestic manufacturing versus previous import models.
Borosil FY26 Revenue Rises 8% to ₹1,196 Cr; Margins Impacted by Supply Chain Issues
Borosil Limited reported a consolidated revenue of ₹1,195.9 crores for FY26, an 8% year-on-year growth. However, operating EBITDA remained flat at ₹176.7 crores, with margins contracting to 15.1% from 16.3% due to supply chain disruptions in the Hydra (flask) category following BIS implementation. The Glassware segment was a bright spot, growing 17.3%, while the company is investing ₹140 crores across a new flask manufacturing plant and a solar power project to improve future margins.
Key Highlights
FY26 Revenue grew 8% YoY to ₹1,195.9 crores, while PAT remained nearly flat at ₹74.7 crores.
Glassware segment outperformed with 17.3% growth, reaching ₹295.5 crores in revenue.
Non-glassware segment growth slowed to 2.4% due to BIS-related supply disruptions in the Hydra bottle category.
New ₹65 crore manufacturing facility for vacuum-insulated flasks to commence production in Q1 FY27.
Investing ₹75 crores in a 20MW solar plant to cover 61% of power requirements and reduce operational costs.
👀 What to Watch
Investors should monitor the successful ramp-up of the new domestic Hydra manufacturing facility in Q1 FY27 to see if it restores growth in the non-glassware segment. The impact of the new solar plant on reducing power costs will be a key factor for margin recovery in the coming quarters.
Borosil Limited Q4 FY26 Revenue Grows 5.2% to ₹277.9 Cr; PAT Dips 5% YoY
Borosil Limited reported a modest 5.2% YoY revenue growth in Q4 FY26, reaching ₹277.9 Cr, while full-year revenue crossed ₹1,171 Cr. Profitability faced pressure during the quarter with PAT declining by 5% to ₹10.6 Cr and EBITDA margins (before exceptional items) contracting to 11.5%. The Glassware segment showed strong momentum with 17.3% annual growth, though overall operational ROCE slightly declined to 10.7%. The company continues to leverage its manufacturing scale, including India's first 25 TPD Borosilicate glass facility.
Key Highlights
Annual revenue increased by 7.6% to ₹1,171.1 Cr, driven by a 17.3% surge in the Glassware segment.
Q4 FY26 Net Sales stood at ₹277.9 Cr, but PAT saw a slight decline of 5% YoY to ₹10.6 Cr.
Operational ROCE moderated to 10.7% in FY26 from 11.5% in the previous fiscal year.
Net debt increased to ₹49.7 Cr as of March 31, 2026, compared to ₹26.6 Cr in the previous year.
Maintains a strong market position with 84 TPD Opalware capacity and a reach of 24,000+ retail outlets.
👀 What to Watch
Investors should monitor margin recovery as the company scales its new Borosilicate and Opalware capacities. While the long-term premiumization story remains intact, short-term profitability headwinds and increased debt levels warrant a cautious watch.
Borosil Appoints 20-Year Veteran Rituraj Sharma as CEO; Shreevar Kheruka Continues as MD
Borosil Limited has announced a strategic leadership transition effective May 20, 2026. Mr. Rituraj Sharma, who has been with the company for over 20 years and previously served as President, has been promoted to Chief Executive Officer. Simultaneously, Mr. Shreevar Kheruka has been redesignated from Managing Director & CEO to Managing Director. This move separates the MD and CEO roles while ensuring leadership continuity through an internal veteran with deep operational expertise.
Key Highlights
Mr. Rituraj Sharma appointed as CEO effective May 20, 2026, bringing 20+ years of company experience.
Mr. Shreevar Kheruka redesignated from MD & CEO to Managing Director.
Mr. Sharma is an IIM Ahmedabad alumnus with extensive experience in sales, distribution, and strategic management.
No changes have been made to the composition of the Board of Directors.
The transition aims to sharpen business agility and technology adoption under the new CEO's leadership.
👀 What to Watch
Investors should view this as a positive step toward professionalizing management and separating oversight from execution. Monitor for any shifts in operational strategy or margin improvements under the new CEO's tenure.
Borosil Ltd Board Approves ₹250 Cr Fundraise and FY26 Audited Financial Results
Borosil Limited's board has approved a significant capital raising plan of up to ₹250 crores through various routes including QIP, FPO, or debt to support its expansion. The company also released its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified opinion from auditors. In terms of leadership, Mr. Bhaunik Shah has been confirmed as the permanent Company Secretary and Compliance Officer. Additionally, the board has recommended the re-appointment of Chaturvedi & Shah LLP as statutory auditors for another five-year term.
Key Highlights
Approved fundraising of up to ₹250 crores through QIP, FPO, ADR/GDR, or debt issuance.
Confirmed Mr. Bhaunik Shah as Company Secretary and Compliance Officer effective May 19, 2026.
Recommended re-appointment of Chaturvedi & Shah LLP as Statutory Auditors for a second 5-year term until 2031.
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Proposed modifications to the Borosil Limited – Employee Stock Option Scheme 2020.
👀 What to Watch
Investors should watch for the specific pricing and timing of the ₹250 crore fundraise as it may cause equity dilution. The stability in management and auditor roles is a positive sign for corporate governance.
Borosil Ltd Board Approves ₹250 Crore Fundraise and Re-appointment of Statutory Auditors
Borosil Limited's board has approved a significant fundraise of up to ₹250 crores through various instruments including QIP, debt, or ADRs to support its growth initiatives. The company also recommended the re-appointment of M/s. Chaturvedi & Shah LLP as statutory auditors for a second five-year term ending in 2031, ensuring continuity in financial oversight. Additionally, Mr. Bhaunik Shah has been transitioned from an interim to a permanent role as Company Secretary and Compliance Officer. The FY26 audited financial results were released with an unmodified opinion from the auditors, signaling healthy reporting standards.
Key Highlights
Proposed fundraising of up to ₹250 crores through QIP, debt issuance, or equity-linked instruments.
Re-appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditors for a 5-year term until 2031.
Formal appointment of Mr. Bhaunik Shah as Company Secretary and Compliance Officer effective May 19, 2026.
Statutory auditors issued an unmodified opinion on the Standalone and Consolidated financial results for FY26.
Board approved modifications to the Borosil Limited – Employee Stock Option Scheme 2020.
👀 What to Watch
Investors should monitor the specific terms and pricing of the ₹250 crore fundraise as it could lead to equity dilution. The stability in auditing and compliance leadership is a positive indicator for the company's corporate governance framework.
Borosil Ltd Board Approves ₹250 Crore Fundraise and FY26 Audited Results
Borosil Limited's Board has approved a significant fundraise of up to ₹250 crores through various routes including QIP, FPO, or debt to support future growth. The company also released its audited financial results for the fiscal year ended March 31, 2026, which received an unmodified (clean) opinion from the statutory auditors. Additionally, the company has stabilized its leadership by confirming Mr. Bhaunik Shah as the permanent Company Secretary and recommending a five-year extension for its current auditors. These steps indicate a strategic focus on capital readiness and corporate governance.
Key Highlights
Board approved seeking shareholder approval for a fundraise of up to ₹250 crores via QIP, FPO, or debt.
Audited standalone and consolidated financial results for FY26 approved with a clean audit opinion.
Mr. Bhaunik Shah appointed as permanent Company Secretary and Compliance Officer effective May 19, 2026.
Recommended re-appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditors for a second 5-year term.
Approved modifications to the Borosil Limited – Employee Stock Option Scheme 2020.
👀 What to Watch
Investors should monitor the specific mode and pricing of the ₹250 crore fundraise as it may lead to equity dilution. The clean audit report and management stability are positive indicators for long-term investment confidence.
Borosil Restores Full Production at Jaipur Plants After LPG Supply Normalization
Borosil Limited has announced the full restoration of production at its Jaipur manufacturing facilities as of April 3, 2026. The company had previously faced production halts at its Borosilicate and Opal Glass furnaces due to LPG supply restrictions caused by Middle East conflicts. By securing supplies from Oil Marketing Companies, the plants are now operating at normal capacity. This resolution ends a period of operational uncertainty that began in mid-March 2026.
Key Highlights
Restoration of Borosilicate Glass and Opal Glass Furnaces at the Jaipur, Rajasthan site
Production operations have returned to normal capacity following the fuel crisis
The disruption lasted approximately 23 days from the initial intimation on March 11, 2026
Successful procurement of LPG from OMCs facilitated by Central and State government support
👀 What to Watch
The resumption of operations mitigates long-term revenue loss concerns and removes a significant operational overhang. Investors should monitor upcoming quarterly results to quantify the impact of the 3-week production slowdown.
Borosil Limited Suspends Production at Jaipur Plant Due to LPG Supply Shortage
Borosil Limited has announced a disruption in production at its Jaipur, Rajasthan facilities due to restricted LPG supply from Oil Marketing Companies. The supply crunch is attributed to a force majeure situation arising from geopolitical conflicts in the Middle East. Currently, the Borosilicate Glass Furnace for Pressware has been temporarily suspended, while the Opal Glass Furnaces are operating at reduced capacities. The company is actively coordinating with authorities to restore fuel supply and is currently evaluating the total financial impact of this disruption.
Key Highlights
Temporary suspension of production at the Borosilicate Glass Furnace for Pressware Products in Jaipur.
Opal Glass Furnaces at the Jaipur facility are currently operating at lower capacities.
Disruption caused by force majeure event affecting LPG supply from Oil Marketing Companies (OMCs).
Company is evaluating the quantum of loss and coordinating with government authorities for supply restoration.
👀 What to Watch
Investors should monitor the duration of this suspension as prolonged fuel shortages will negatively impact quarterly revenue and margins. Watch for follow-up disclosures regarding the quantification of financial losses and the resumption of full capacity.
Borosil to Invest Rs 92 Crore in New Bharuch Plant and Jaipur Capacity Expansion
Borosil Limited has approved a total capital expenditure of Rs 92 crores for two major expansion projects funded through internal accruals. The company will establish a new manufacturing facility in Bharuch, Gujarat, with an investment of Rs 42 crores, expected to start production by December 2026. Additionally, the Jaipur plant's borosilicate glass furnace capacity will be increased from 25 TPD to 32 TPD with a Rs 50 crore investment by January 2028. These moves aim to address high market demand and improve operational efficiency by removing production bottlenecks.
Key Highlights
New manufacturing facility at Bharuch, Gujarat, with an estimated investment of Rs 42 crores.
Expansion of Jaipur plant capacity from 25 TPD to 32 TPD, representing a 28% increase.
Total capital expenditure of Rs 92 crores to be entirely funded via internal accruals.
Bharuch plant commercial production targeted for December 2026; Jaipur expansion for January 2028.
Jaipur expansion includes a 3rd forming line to improve furnace utilization and lower production costs.
👀 What to Watch
This is a positive development indicating strong demand and a debt-free growth strategy. Investors should monitor the timely execution of the Bharuch facility as it will be the first to contribute to the top line in late 2026.
Borosil Ltd 9M FY26 Revenue Up 9% to ₹912 Cr; Glassware Segment Grows 21%
Borosil Limited reported a steady 9M FY26 performance with consolidated revenue growing 9% YoY to ₹912 crores, driven by a strong 21% growth in the glassware segment. While Operating EBITDA rose 3.4% to ₹145 crores, margins slightly contracted to 16.2% from 17% due to challenges in the non-glassware segment caused by BIS compliance requirements. The company is aggressively addressing supply chain issues by setting up a ₹65 crore domestic manufacturing facility for steel bottles and a ₹75 crore solar plant to reduce power costs. Despite regulatory headwinds in the bottle category, the shift from plastic to glass remains a structural tailwind for the core business.
Key Highlights
Consolidated revenue for 9M FY26 reached ₹912 crores, marking a 9% YoY growth despite an early Diwali impacting Q3 comparability.
Glassware segment outperformed with 21% growth (₹231 crores), benefiting from a consumer shift from plastic to borosilicate glass.
Investing ₹65 crores in a new Rajasthan facility for BIS-compliant steel bottles with a 4 million unit annual capacity.
Commissioning a ₹75 crore, 20 MWp solar plant this month to cover 65% of the company's total power requirements.
Maintains a healthy balance sheet with a net cash position of ₹13 crores and robust operating cash flows of ₹130 crores.
👀 What to Watch
Investors should monitor the ramp-up of the new Rajasthan facility and the impact of the solar plant on margins in FY27. The stock remains a strong play on the premiumization of Indian kitchens and the structural shift toward glass storage.
Borosil Ltd Q3 FY26 Revenue Flat at ₹338.7 Cr; Glassware Segment Grows 10.8% YoY
Borosil Limited reported a marginal 0.2% YoY increase in revenue to ₹338.7 Cr for Q3 FY26, while 9M FY26 revenue grew by 8.9% to ₹911.8 Cr. Reported EBITDA and PAT saw significant YoY declines of 21.8% and 32.5% respectively, primarily due to a high base effect from a ₹13.5 Cr one-time asset sale profit in Q3 FY25. Segmentally, Glassware and Opalware showed resilience with 10.8% and 6.3% growth, though Non-Glassware declined by 10.9%. The company maintains a strong market position with 84 TPD Opalware capacity and India's first 25 TPD Borosilicate glass facility.
Key Highlights
Q3 FY26 Revenue from operations stood at ₹338.7 Cr, a slight 0.2% increase YoY.
9M FY26 PAT grew by 1.6% to ₹64.1 Cr compared to ₹63.1 Cr in 9M FY25.
Glassware segment revenue increased 10.8% YoY to ₹82.2 Cr in Q3 FY26.
Non-Glassware segment faced a 10.9% YoY decline in Q3 FY26 revenue to ₹132.0 Cr.
Company maintains a healthy balance sheet with a low net debt of ₹12.8 Cr as of December 2025.
👀 What to Watch
Investors should monitor the recovery in the Non-Glassware segment and the margin benefits from backward integration in Borosilicate glass. The stock remains a long-term play on the premiumization of Indian kitchenware and the shift from plastic to glass.
Borosil Q3 FY26 Net Profit Drops 32.5% YoY to ₹23.95 Cr; Revenue Stagnant at ₹338.7 Cr
Borosil Limited reported a weak set of numbers for Q3 FY26, with consolidated net profit declining 32.5% YoY to ₹23.95 crore. Revenue from operations remained nearly flat at ₹338.75 crore compared to ₹338.10 crore in the previous year's corresponding quarter. Profitability was further dampened by a one-time exceptional expense of ₹4.05 crore related to the implementation of new Labour Codes. While the nine-month revenue shows a growth of 8.8%, the bottom line remains stagnant, indicating significant margin pressure.
Key Highlights
Consolidated Net Profit fell 32.5% YoY to ₹2,395.14 lakhs in Q3 FY26.
Revenue from operations was stagnant at ₹33,874.68 lakhs compared to ₹33,810.29 lakhs YoY.
Recognized a one-time exceptional charge of ₹404.82 lakhs due to new Government Labour Codes.
9M FY26 Revenue grew 8.8% to ₹91,179.65 lakhs, while 9M PAT remained flat at ₹6,407.54 lakhs.
Consolidated Basic EPS for the quarter decreased to ₹2.00 from ₹2.97 in Q3 FY25.
👀 What to Watch
Investors should exercise caution as the company faces stagnant revenue growth and margin contraction. The stock may face near-term pressure until there is clarity on demand recovery in the consumerware segment.
