Borosil (BOROLTD) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 consolidated revenue from operations grew 9% YoY to ₹253.6 crore, reflecting resilience amid challenging market conditions.

• Gross profit rose 12.8% YoY to ₹175.2 crore, with gross margin improving to 69.1% from 66.8%.

• Operating EBITDA for Q1 FY27 was ₹35.9 crore, with margin at 14.6%, down from 17.8% YoY due to input cost inflation.

• Profit after tax declined to ₹12.8 crore from ₹17.4 crore YoY, impacted by higher costs and lower margins.

• Commercial production commenced at the new Hydra plant for vacuum-insulated stainless steel flasks/bottles, and a third captive solar plant was commissioned, now meeting 61% of energy needs.

Financial highlights

• Revenue from operations: ₹253.6 crore in Q1 FY27 vs ₹232.7 crore YoY (9% growth).

• Operating EBITDA: ₹35.9 crore vs ₹40.2 crore YoY; EBITDA margin at 14.6% vs 17.8%.

• Profit after tax: ₹12.8 crore vs ₹17.4 crore YoY.

• Net debt as of June 30, 2026: ₹99 crore (cash/investments of ₹56.2 crore, total debt ₹155.2 crore).

• Market capitalization as of June 30, 2026, was ₹2,789 crore.

Outlook and guidance

• Management expects to maintain 18% EBITDA margins for FY27, barring extraordinary impacts.

• Price hikes of 5%-7% (or higher in some categories) have been implemented to offset input cost inflation, with realization expected from Q2 onwards.

• Growth momentum in both glassware and opalware segments is expected to continue, with volume-led growth anticipated.

• CapEx for FY27 estimated at ₹125-150 crore, focused on glassware expansion and solar projects.

• Targeting revenue CAGR of 15–20% in the medium term.