Borosil Ltd

Q4 FY26Consumer Durables

Borosil Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹254

Market cap₹2.9K Cr

P/E39.1

Updated23 Aug 2026

Read4 min read

What the Q4 FY26 call signalled

2 of 4 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

FundraiseFundraise planned

The short version

Borosil Limited is committed to achieving a revenue growth of 15% to 20% year-on-year in the medium term. Management targets revenue growth of 15%-20% year-on-year in the medium term.

From Borosil Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Moderate growth

Borosil Limited is committed to achieving a revenue growth of 15% to 20% year-on-year in the medium term.
The company plans to enhance EBITDA margins closer to 20% over the medium term.
Growth in non-glassware portfolio has been robust, with a CAGR of nearly 40% from INR23 crores in FY17 to INR464 crores in FY26.
Expansion projects underway include increasing borosilicate furnace capacity and a new glassware manufacturing facility at Bharuch, expected to begin by end of Q3 FY27, supporting growth prospects.
The vacuum-insulated stainless steel bottle business is being brought in-house, expected to improve gross margins by approximately 10%, though stabilization may take 6-12 months.

2 more points management made on revenue & sales performance

Profitability & Margins

Management targets revenue growth of 15%-20% year-on-year in the medium term.
Aim to achieve an EBITDA margin of around 20% in the medium term.
EBITDA level cost savings from the solar plant expected to be approximately INR 28 crores in FY27.
Growth challenges expected short-term due to supply chain issues and market conditions but long-term growth trajectory remains positive.
Capex plans include INR 90+ crores for glassware expansion and INR 20-25 crores for maintenance capex annually.
Non-glassware capex under discussion, especially for kitchen appliances, with approvals pending.

2 more points management made on profitability & margins

See what Borosil Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

FY27 Capex guidance is around INR110 crores, which may increase depending on projects during the year.
Two key ongoing/upcoming capex projects:
Expansion of borosilicate glass furnace capacity from 25 tonnes/day to 32 tonnes/day at a cost of ~INR50 crores, likely in FY27 or FY28.
New glassware manufacturing facility at Bharuch (through outsourcing at Borosil Scientific’s plant) at a capex of ~INR42 crores, expected to commence by end of Q3 FY27.
Maintenance capex of INR20-25 crores per year is expected to continue.
Additional capex under discussion in the non-glassware space, including potential expansion in kitchen appliances, but no approvals yet.

2 more points management made on capital expenditure plans

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Debt has increased by about INR60 crores in the last 2 quarters to around INR100 crores.
Planned capex of around INR110 crores for FY27 is expected to be funded through a mix of equity, debt, and internal accruals.
The management prefers cautious debt levels and relies primarily on operating cash flow (about INR120 crores) for funding.
In the short term, debt may increase due to timing mismatches but is not expected to be substantially higher.

2 more points management made on fundraising & capital structure

See what Borosil Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for Borosil Limited. Key points related to production and sales include: - Inventory levels have increased over the past two years due to higher appliance inventory and borosilicate glass furnace production exceeding sales. - The company expects inventory levels to stabilize or reverse in the near future as market demand improves. - Sales pressure was experienced in the Hydra bottle segment due to BIS/QCO certification delays impacting availability.

2 more points management made on order book & pipeline

Borosil Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹284 Cr, net profit ₹11 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Borosil's management said in earlier quarters

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Frequently Asked Questions

What were Borosil Ltd Q4 FY26 results?

Borosil Limited is committed to achieving a revenue growth of 15% to 20% year-on-year in the medium term. Management targets revenue growth of 15%-20% year-on-year in the medium term.

What is Borosil Ltd share price analysis?

Borosil Ltd currently shows a below-average growth signal. The stock trades at a P/E of 39.0 with a market cap of ₹2,853 Cr. Investors should review the full earnings analysis for detailed insights.

Is Borosil Ltd planning capital expenditure?

FY27 Capex guidance is around INR110 crores, which may increase depending on projects during the year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.