Borosil Limited — Investor Meet, 26-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Borosil reported 16.8% YoY revenue growth to INR1,108 Cr in FY25, led by 27.2% growth in borosilicate glassware (INR252 Cr) and 17.2% in non-glassware (INR453 Cr). Larah Opalware grew 7.3% to INR384 Cr at 90% utilization. Operating EBITDA rose 22.6% to INR177.7 Cr with margins at 16.3%, while PAT increased to INR74.2 Cr despite higher depreciation and regulatory challenges impacting working capital and B2B sales. Capex of INR40 Cr expanded flask capacity, targeting a doubling of turnover. E-commerce aided in offsetting B2B softness, though A&P costs rose. Net debt remains low at INR26.5 Cr. Management aims for 15-20% CAGR driven by capacity ramp-up, innovation, and brand expansion.