Borosil Limited — Investor Meet, 28-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Borosil's FY26 revenue reached INR1,195.9 Cr, but operating EBITDA stayed flat at INR176.7 Cr, causing margins to contract to 15.1%. Q4 also saw margin pressure. This was mainly due to Hydra sales issues (BIS order), Q4 LPG supply curbs, and a 2.5x surge in gas costs. The company is launching an INR65 Cr domestic flask plant (Q1 FY27 production) and an INR75 Cr solar plant, expecting INR28 Cr FY27 EBITDA savings. INR92 Cr for glassware expansion is also underway. Management sees short-term headwinds but remains confident in 15-20% revenue growth and ~20% EBITDA margins long-term, driven by 'Make in India' and efficiency.