Borosil Limited — PPTs, 20-05-2025: Investor Presentation

1. Financial Highlights:

Borosil Limited posted revenue of ₹270.2 Cr for the quarter, up 15.7% YoY, and ₹1,107.8 Cr for FY25, growing 16.8% YoY. Quarterly EBITDA rose 52.9% to ₹39.5 Cr, with EBITDA margin expanding to 14.2%. Annual EBITDA grew 30.9% to ₹197.1 Cr, margin at 16.3%. Profit after tax surged 119.4% to ₹11.1 Cr quarterly, and rose 12.7% to ₹74.2 Cr annually. Net debt sharply improved to ₹26.5 Cr from ₹159.4 Cr year-on-year. ROCE softened to 11.5% reflecting strategic investments and higher depreciation related to a new borosilicate glass furnace.

2. Strategic Initiatives & Growth Drivers:

Capacity expansions include a new 25 TPD borosilicate glass plant and doubling opalware capacity from 42 to 84 TPD, though utilization is not yet at full scale. Strong focus on mass-premium product innovation across glassware, opalware, and domestic appliances supports growth. The brand emphasizes premiumization, increased e-commerce penetration, and ‘Made in India’ sourcing to reduce import reliance and improve supply chain resilience.

3. Business Developments:

Borosil continues to capitalize on its acquisition of Larah, driving growth through operational efficiencies and brand enhancement. The non-glassware segment recorded solid gains fueled by R&D, technology adoption, expanded distribution, and e-commerce focus. Continuous new product launches align with evolving consumer demands, supporting diversified revenue streams.

4. Market Position & Competitive Advantage:

As one of India’s oldest glass microwavable and opalware brands, Borosil enjoys strong consumer trust and brand equity. Its eco-friendly, durable, and microwavable glass products differentiate it from plastic and steel alternatives. Broad product range, innovation-led portfolio, and scale advantages position the company well amid urbanization and changing consumer lifestyles.

5. Investor Implications:

Consistent revenue and profit growth, along with capacity expansion and premiumization strategies, indicate positive growth potential. Improved net debt levels and strong brand presence underpin long-term value. Key risks include achieving full utilization and managing higher inventory-led working capital. Ongoing innovation and market expansion remain crucial growth drivers to follow.