Borosil
Borosil Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Borosil anticipates continued growth driven by shifting consumer preference from plastic to healthier glass and steel alternatives, with strong tailwinds in the glassware category. Borosil expects continued sustainable growth driven by expanding manufacturing capabilities, including the new stainless steel vacuum-insulated bottle plant (production starting Q4 FY26). - Shift towards healthier, eco-friendly products like borosilicate glassware and steel containers is a strong growth driver. - Operating EBITDA margin faced short-term pressure due to vendor ecosystem transitions but is expected to stabilize within 12-18 months. - Non-glassware segment growth impacted by BIS implementation but expected to normalize by Q1 FY27. - CAPEX plans indicate further investments in multiple segments, signaling growth potential beyond Rs.
From Borosil's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Borosil anticipates continued growth driven by shifting consumer preference from plastic to healthier glass and steel alternatives, with strong tailwinds in the glassware category.
- The recently commissioned borosilicate glassware plant and existing Opalware capacities support expanding market penetration.
- Non-glassware segments, including stainless steel and appliances, are expected to grow with increased local manufacturing and compliance to BIS standards.
- Despite short-term supply challenges affecting certain categories like hydra vacuum flasks, management expects resolution within 2-3 quarters with normal sales resuming by Q1 next year.
- Growth in the Opalware and glassware divisions is supported by aspirational designs, expanded omnichannel presence, and increasing health awareness.
- Long-term growth includes further CAPEX investments to enhance manufacturing capabilities and capitalize on Make in India initiatives.
Profitability & Margins
See what Borosil said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Borosil has approved a revised project scope for a new manufacturing facility in Rajasthan via Stylenest India Ltd.
- The facility will have three double-wall production lines for vacuum-insulated steel flasks, bottles, and containers.
- Estimated capacity: 3.6 million units per year.
- Estimated CAPEX is INR 65 crores.
- Commercial production expected from two lines by Q4 FY'26 and the third line by Q1 FY'27 (subject to approvals).
- The INR 65 crore investment will be financed through equity, debt, and internal accruals.
- Additional CAPEX plans include solar projects already underway, with energy supply expected by Feb-Mar FY'26.
- Future CAPEX expected to increase to support growth, especially in non-glassware segments, but no finalized details yet for FY'27 and beyond.
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Fundraising & Capital Structure
See what Borosil said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Borosil — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹284 Cr, net profit ₹11 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Borosil Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Borosil Q2 FY26 results?
Borosil anticipates continued growth driven by shifting consumer preference from plastic to healthier glass and steel alternatives, with strong tailwinds in the glassware category. Borosil expects continued sustainable growth driven by expanding manufacturing capabilities, including the new stainless steel vacuum-insulated bottle plant (production starting Q4 FY26). - Shift towards healthier, eco-friendly products like borosilicate glassware and steel containers is a strong growth driver. - Operating EBITDA margin faced short-term pressure due to vendor ecosystem transitions but is expected to stabilize within 12-18 months. - Non-glassware segment growth impacted by BIS implementation but expected to normalize by Q1 FY27. - CAPEX plans indicate further investments in multiple segments, signaling growth potential beyond Rs.
What is Borosil share price analysis?
Borosil currently shows a neutral. The stock trades at a P/E of 41.6 with a market cap of ₹3,040 Cr. Investors should review the full earnings analysis for detailed insights.
Is Borosil planning capital expenditure?
Borosil has approved a revised project scope for a new manufacturing facility in Rajasthan via Stylenest India Ltd.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.