Borosil Limited , a leading manufacturer of glassware and consumer products, has reported a 14.7% year-on-year growth in consolidated revenues for the first half of fiscal year 2026 (H1 FY26). The company's financial performance demonstrates resilience amid supply chain challenges and changing market dynamics.

Financial Highlights

• Consolidated revenues reached INR 573.00 crores in H1 FY26, up from INR 499.50 crores in the previous year.
• Profit After Tax (PAT) increased by 45.3%, rising to INR 40.10 crores.
• Operating EBITDA before investment income and one-time incomes grew by 9.5% to INR 90.10 crores.

Segment Performance

Borosil's consumer division showed growth across various segments:

Strategic Developments

Manufacturing Expansion

The company has approved a revised project scope for its upcoming manufacturing facility in Rajasthan through its wholly-owned subsidiary, Stylenest India Limited. The project will include:

• Three double-wall production lines for vacuum-insulated steel flasks, bottles, and containers.
• Estimated capacity of 3.6 million units per year.
• CAPEX of approximately INR 65.00 crores.

Supply Chain Realignment

Borosil is shifting from overseas to domestic sourcing, which has temporarily impacted margins in the non-glassware segment.

BIS Compliance

The company faces challenges in hydra bottle sales due to BIS compliance requirements, affecting some distribution channels.

Market Position and Outlook

Shreevar Kheruka, Managing Director and CEO of Borosil Limited, expressed optimism about the company's future, stating, "We remain focused on the long term, and the outlook for our categories is strong." He highlighted the growing demand for kitchen-focused appliances and the shift towards health and sustainability as key drivers for Borosil's product categories.

The company is well-positioned to capitalize on India's expanding brown goods market, which is projected to reach $9 billion by FY'30, growing at around 10% annually. Borosil's focus on safe, eco-friendly products aligns with the consumer shift towards toxin-free, durable materials.

Challenges and Opportunities

While Borosil faces temporary margin pressure due to supply chain adjustments and BIS compliance issues, the company is actively addressing these challenges through:

1. Expanding domestic manufacturing capabilities.
2. Diversifying product portfolio with a focus on Make in India initiatives.
3. Leveraging its strong brand equity and omnichannel presence to penetrate deeper into the market.

As Borosil navigates these short-term challenges, its strong financial performance and strategic initiatives position it well for sustained growth in the evolving Indian consumer market.

Note: All financial figures are in Indian Rupees (INR).

Borosil Limited , a leading player in the consumer products industry, has reported impressive financial results for the second quarter of fiscal year 2026, showcasing strong growth across its product categories.

Financial Highlights

The company's performance for Q2FY26 demonstrates significant year-on-year growth:

Segment-wise Performance

Borosil Limited witnessed robust growth across all its product categories:

The glassware segment showed exceptional growth of 51.60%, while the non-glassware and opalware segments also demonstrated strong performance with growth rates of 13.70% and 13.30% respectively.

Operational Highlights

Borosil Limited continues to strengthen its manufacturing capabilities:

• The company operates with an 84 TPD opalware capacity and a 25 TPD borosilicate glass manufacturing capacity.
• Plans are underway to expand manufacturing capabilities with a new facility in Rajasthan for vacuum insulated stainless steel products. This initiative requires an estimated investment of ₹65 crore and will have an initial capacity of 3.6 million units annually.

Financial Position

The company maintains a strong balance sheet with a net debt of ₹4.50 crore as of Q2FY26, showcasing its financial stability and efficient capital management.

Half-Year Performance

For the first half of FY26, Borosil Limited reported:

• Net sales of ₹560.60 crore, up 14.30% from ₹490.70 crore in H1FY25.
• PAT increased by 45.30% to ₹40.10 crore compared to ₹27.60 crore in the same period last year.

Future Outlook

Borosil Limited continues to focus on product innovation and market expansion across multiple channels, including general trade, modern trade, and e-commerce. The company's strong performance across all product categories, coupled with its expansion plans, positions it well for sustained growth in the consumer products market.

Investor Relations

According to the latest LODR data, Borosil Limited plans to participate in the Kotak Midcap Conference 2025 on November 21, 2025, at Grand Hyatt, Mumbai. This engagement demonstrates the company's commitment to maintaining transparent communication with investors and analysts.

Borosil Limited's robust Q2FY26 results reflect its strong market position and effective growth strategies. The company's focus on expanding its manufacturing capabilities and diversifying its product range is expected to drive further growth in the coming quarters.