Borosil Limited has released its investor presentation for the quarter and financial year ended March 31, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation outlines the company's financial performance and strategic capital expenditure plans aimed at expanding manufacturing capabilities across Gujarat and Rajasthan.

Financial Performance

The company reported an operational Return on Capital Employed (ROCE) of 11.5% for FY25 and 10.7% for FY26. Total capital employed increased from ₹904.3 crore in FY25 to ₹1,042.9 crore in FY26. The following table details the changes in capital employed and profitability metrics:

Strategic Expansion Plans

Borosil Limited outlined significant capital expenditure plans. The Board has approved a new 100,000 sq. ft. manufacturing facility at Bharuch, Gujarat, with an estimated capex of ₹42 crore. This project, expected to be commissioned by the end of Q3 FY27, will utilize Borosilicate 3.3 glass tubes to produce drinking glasses, storage jars, jugs, and bottles. Operations will be managed by Borosil Renewables Limited under a contract manufacturing arrangement.

Additionally, the Board approved an expansion of the existing furnace capacity in Jaipur from 25 TPD to 32 TPD with the addition of a third forming line. This expansion entails an estimated capex of ₹50 crore. The company is also setting up a new manufacturing unit in Rajasthan with an estimated capex of ₹65 crore for vacuum-insulated stainless-steel flasks, bottles, and containers, with an initial capacity of approximately 3.6 million units annually. Commercial production for the Rajasthan unit is expected to commence by the end of Q1 FY27 and Q2 FY27.

Expansion at a Glance

Market Outlook

The presentation highlighted favorable macroeconomic trends supporting growth. With India's per capita income expected to reach $4,000 by FY30 and discretionary spending projected to grow at an 8.7% CAGR, demand for premium kitchenware is poised for rapid growth. The company noted a significant consumer shift from plastic to glass and steel products, driven by health and environmental concerns.

Borosil Limited has announced a significant change in its leadership structure following a Board meeting held on May 19, 2026. The company has appointed Mr. Rituraj Sharma as its Chief Executive Officer (Key Managerial Personnel), effective May 20, 2026. Concurrently, Mr. Shreevar Kheruka has been re-designated from his previous role of Managing Director & Chief Executive Officer to the position of Managing Director.

The decision to appoint Mr. Sharma was based on the recommendation of the Nomination and Remuneration Committee. Mr. Sharma brings over 20 years of association with the company, having served as President & Senior Management Personnel prior to this elevation. His extensive experience spans business operations, sales, distribution, marketing, and strategic management.

Leadership Profiles

Mr. Rituraj Sharma is a management graduate from the University of Bombay and has completed a Senior Management Program from the Indian Institute of Management Ahmedabad (IIM Ahmedabad). During his tenure, he has led key strategic initiatives including new category introductions, sales transformation, and technology adoption.

Mr. Shreevar Kheruka, who steps down from the CEO role to serve as Managing Director, is the son of Mr. Pradeep Kumar Kheruka, the Non-Executive Chairman of the company. The company confirmed that there is no change in the composition of the Board of Directors resulting from these appointments.

The re-designation and appointment were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.