Borosil Limited has made the audio recording of its earnings conference call available to investors and stakeholders. The call was held on August 19, 2026, to discuss the company’s unaudited financial results for the quarter ended June 30, 2026.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The recording covers both standalone and consolidated financial performance for the period.

Accessing the Recording

The audio file is hosted on the company’s official website under the investor relations section. It is categorized under disclosures made in accordance with Regulation 46 of the SEBI Listing Regulations.

Pradeep Joshi, Company Secretary & Compliance Officer, signed the communication confirming the availability of the recording. Investors are requested to take the same on record.

Borosil reported a decline in profitability for the first quarter of FY27, with net profit falling 26.5% year-on-year to ₹12.8 crore. The contraction in bottom-line performance occurred despite a positive top-line trajectory, as revenue from operations increased 9% to ₹253.6 crore from ₹232.7 crore in the corresponding period of the previous fiscal year.

The divergence between revenue growth and profit decline highlights pressure on operational efficiency. While gross profit expanded by 12.8% to ₹175.2 crore, pushing gross margins up to 69.1% from 66.8%, operating expenses grew at a faster pace. Other expenses rose significantly to ₹107.7 crore from ₹87.6 crore, eroding the benefits of higher sales volume.

Financial Performance Overview

EBITDA (excluding other income) declined 7.7% to ₹34.5 crore, resulting in an EBITDA margin contraction of 240 basis points to 13.6%. Including other income of ₹6.7 crore, total EBITDA stood at ₹41.1 crore. Profit before tax fell 25.7% to ₹17.4 crore.

Segment Performance

The consumerware business drove the revenue growth, with total segment revenue rising 9.2% to ₹247.4 crore. Glassware was the strongest performer, growing 16.8% to ₹65.6 crore. Opalware revenue increased 9.8% to ₹83.6 crore, while non-glassware products saw modest growth of 4.2% to ₹98.1 crore.

What the Numbers Show

The financial data reveals a clear margin compression issue despite improved gross margins. While the gross margin expanded by 230 basis points to 69.1%, indicating better product mix or pricing power, this gain was entirely offset by a sharp rise in other expenses. Other expenses jumped from ₹87.6 crore to ₹107.7 crore, a 22.9% increase that outpaced the 9% revenue growth. This suggests that operating leverage is currently being negated by rising fixed or semi-variable costs, leading to the 26.5% drop in net profit.

Capacity Expansion Plans

Borosil outlined several capital expenditure initiatives aimed at future growth:

• Rajasthan Plant: Setting up a manufacturing unit for vacuum-insulated stainless-steel flasks and bottles with an estimated initial capex of ₹65 crore. Two double-wall lines started in Q1FY27, with a third targeted by end of Q2FY27. Initial capacity is ~3.6 million units annually.
• Gujarat Facility: Board approved a new manufacturing facility at Bharuch with estimated capex of ₹42 crore for glass jars, jugs, and bottles. Commissioning expected by end of Q3FY27.
• Jaipur Expansion: Expansion of borosilicate glassware furnace capacity from 25 TPD to 32 TPD with addition of a third forming line. Estimated capex is ₹50 crore.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE02PY01013/7aea0f08-09e8-41c9-a298-f1f3c51538ab.pdf