Borosil Ltd (NSE:BOROLTD)

Q1 2027 Borosil Ltd Earnings Call Transcript

Aug 19, 2026 / 10:30 AM GMT

Release Date Price: ₹248.11 (-0.89%)

Transcript

Key Points

Positve

Borosil Ltd (BOM:543212) reported a 9% year-on-year increase in consolidated revenue, reaching INR 253.6 crores in Q1 FY27.
The company successfully commissioned its BIS-compliant manufacturing unit for vacuum-insulated stainless steel products, with commercial production starting on two lines and a third expected in Q2 FY27.
Solar power now meets about 61% of the company's total energy requirement, following the commissioning of a third captive solar plant with battery storage, contributing to cost savings and sustainability goals.
The glassware segment delivered strong double-digit growth of 16.8% year-on-year, driven by volume expansion.
The company launched its first exclusive brand stores in Pune and Gurugram, enhancing its retail footprint and brand experience.
Management guided for an EBITDA margin of 18% for FY27, excluding the impact of the West Asia conflict, indicating confidence in margin recovery.
The company is expanding capacity with a new glassware facility at Bharuj and a borosilicate glass furnace expansion, positioning for future growth.
The ThermoWare range launch and expansion into insulated casseroles cater to growing consumer demand for convenient, eco-friendly kitchen solutions.

Negative

Operating EBITDA margin declined to 14.6% in Q1 FY27 from 17.8% in Q1 FY26, primarily due to input cost inflation from the West Asia conflict.
The West Asia conflict had a net negative impact of approximately INR 10 crores on Q1 FY27 financials, which was only partially offset by price increases.
The Hydra (vacuum-insulated flasks and bottles) category continues to face challenges due to BIS compliance requirements, adversely impacting revenue and margins.
Profit after tax declined to INR 12.8 crores in Q1 FY27 from INR 17.4 crores in Q1 FY26, partly due to one-time items in the prior year.
The company faces ongoing competitive pressure from Chinese dumping in the borosilicate glassware market, with no visible reduction despite currency depreciation and higher freight costs.
The company's return on capital employed (ROCE) has been weak at around 10-11% over the past few years, with management only targeting improvement over the medium term.
Price hikes of 5-7% taken in April are expected to realize only from Q2 onwards, meaning margin pressure will persist in the near term.
The company is carrying high inventory levels, which is underutilizing capacity and further suppressing ROCE.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BORS.NS - Borosil Ltd
Q1 2027 Borosil Ltd Earnings Call
Aug 19, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and Gentlemen, Good day and welcome to Q1 FY27 Earnings Conference Call of Borosil Limited.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing *0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Mannan Goyal from ICICI Securities.

Thank you. And over to you, sir.

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Unidentified_2 [2]
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