Borosil Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company achieved revenue from operations of ₹1,195.9 crore in FY26, an 8% increase from ₹1,107.8 crore in FY25. Net profit for the year rose marginally to ₹74.7 crore compared to ₹74.2 crore in the previous year, impacted by supply chain challenges and rising input costs.

FY26 Financial Performance

The annual results show steady top-line growth, with total income for FY26 reaching ₹1,225.6 crore, up from ₹1,134.8 crore in FY25. Profit before tax for the year stood at ₹100.9 crore. In Q4FY26, revenue from operations was ₹284.1 crore, with a net profit of ₹10.6 crore for the quarter.

The following table summarises the key consolidated financial metrics for the year ended March 31, 2026:

Operational Updates and Strategic Outlook

The Board of Directors approved the re-appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditors for a second term of five consecutive years, subject to shareholder approval. Mr. Bhaunik Shah was appointed as Company Secretary and Compliance Officer, transitioning from his interim role effective May 19, 2026.

Management highlighted that the Hydra category faced significant pressure due to the implementation of the BIS quality control order, impacting revenue and margins. To address this, the company is commissioning a new manufacturing unit for vacuum-insulated stainless steel flasks. Commercial production from the first two lines is expected to commence before the end of Q1 FY27, with the third line by the end of Q2 FY27.

Cost Efficiency and Expansion

The company is focusing on cost discipline and operational efficiency. Power and fuel costs decreased to ₹78 crore in FY26 from ₹82.4 crore in FY25. Borosil is investing ₹75 crore towards setting up a 20-megawatt ground-mounted solar plant with a battery energy storage system, expected to be commissioned in Q1 FY27, which is estimated to generate savings of approximately ₹28 crore at the EBITDA level in FY27.

The Board approved seeking shareholder approval to raise funds up to ₹250 crore through various modes, including further public offers, debt issuance, or Qualified Institutions Placement. Additionally, the Board approved modifications to the "Borosil Limited – Employee Stock Option Scheme 2020".

Earnings Conference Call

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Earnings Conference Call held on May 22, 2026, is available. Management stated that the company generated cash from operations of approximately ₹119 crore in FY26 and maintained a net debt position of ₹49.7 crore as of March 31, 2026. The company targets revenue growth of 15% to 20% year-on-year and an EBITDA margin closer to 20% in the medium term.

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.