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Borosil reported strong Q2 FY26 & H1 FY26 financial results!
**Business Performance:** Q2 revenue from operations soared 22.3% YoY to ₹340.4 Cr, leading industry growth. Glassware sales jumped 51.6% to ₹92.4 Cr, with Non-Glassware (+13.7%) and Opalware (+13.3%) also contributing. H1 revenue hit ₹573.0 Cr, up 14.7%.
**Growth Strategy:** Leveraging its 60+ year legacy and leading position in glass/Opalware (Larah), Borosil focuses on mass-premium products. Key drivers include expanding manufacturing capacity (Opal & Borosilicate glass), continuous innovation, and tapping into the "plastic-to-glass" health trend.
**Recent Developments:** A new manufacturing unit for vacuum-insulated stainless-steel products in Rajasthan is underway (₹65 Cr capex), targeting 3.6 million units annually, with production starting from Q4 FY26.
**Key Metrics:** Q2 Net Profit surged 24.0% YoY to ₹22.7 Cr. H1 Net Profit impressive at ₹40.1 Cr (+45.3%). Q2 EBITDA was ₹54.0 Cr (+7.6% YoY), H1 EBITDA ₹101.2 Cr (+16.4% YoY).
**Outlook:** Management sees continued tailwinds from rising disposable incomes, the brown goods market boom, and the shift to healthier kitchenware. Aims for 15-20% revenue CAGR medium-term, fueled by innovation and making glassware accessible for daily use.