Borosil (BOROLTD) Q4 24/25 earnings summary

Executive summary

• FY25 saw significant strategic and operational achievements, including commissioning a new borosilicate glass furnace, launching a new manufacturing unit for vacuum insulated bottles with a CapEx of INR 40 crore, and expanding product range with new launches such as air fryers and glass-top gas stoves.

• Larah became India's top opalware brand by revenue, launched a premium collection, and won a major brand award.

• Brand repositioning, new logo, and packaging were introduced, and the company was certified as a Great Place to Work.

• Raised INR 150 crore via QIP, received a credit rating upgrade to AA- (stable), and deepened digital and offline consumer engagement.

• Audited consolidated and standalone financial results for the quarter and year ended 31st March, 2025 were approved by the Board on 19th May, 2025.

Financial highlights

• FY25 revenue from operations reached INR 1,107.8 crore, up 16.8% year-over-year from INR 948.5 crore; PAT for FY25 was INR 74.2 crore, up from INR 65.9 crore.

• Operating EBITDA before investment and one-time income was INR 177.7 crore, up 22.6% YoY; EBITDA margin improved to 16.3% from 15.4%.

• Q4FY25 revenue from operations was INR 270.2 crore (up 15.7% YoY); EBITDA was INR 39.5 crore (up 52.9% YoY); PAT was INR 11.1 crore (up 119.4% YoY).

• Advertising and sales promotion expenses rose to INR 86.8 crore from INR 68.3 crore YoY.

• Basic and diluted EPS for FY25 stood at INR 6.28, compared to INR 5.75 in FY24.

Outlook and guidance

• Management maintains a 15%-20% CAGR revenue growth target through 2030, though FY26 is expected to be challenging due to regulatory and supply chain issues in Hydra and appliances.

• Full utilization of new capacities is expected to improve ROCE and margins in the near future.

• Focus on expanding glass storage, opalware, and premium domestic appliances, with continued investment in brand building and digital transformation.