Borosil Q3 FY26 Earnings Call Transcript Released; Revenue Up 9% YoY
Borosil Limited reported a 9% YoY revenue growth to ₹912 crore for 9MFY26. The company is capitalizing on the shift from plastic to glass, with its glassware segment growing 21%. A new ₹65 crore manufacturing facility for insulated bottles is planned. Borosil is also investing ₹75 crore in a solar power plant.
The announcement includes significant financial performance updates, strategic capex plans for expansion and cost reduction (solar plant), and addresses challenges in a key product segment (hydra bottles) with a clear plan for recovery, all of which are material to investors.
The company reported revenue growth, highlighted positive market trends favoring its products (shift to glass), announced strategic investments in new manufacturing facilities and renewable energy, and expressed confidence in future growth and margin improvement.
Borosil Limited has released the transcript of its Q3 FY26 earnings conference call, which was held on February 6, 2026. The company reported a consolidated revenue of approximately ₹912 crore for the first nine months of FY26, an increase of 9% year-over-year from ₹838 crore in the same period last year.
Operating EBITDA before investment income and one-time items stood at ₹145 crore for the nine-month period, a 3.4% increase from ₹140 crore in the prior year, though the operating EBITDA margin slightly decreased to 16.2% from 17%.
The company highlighted a significant trend of consumers shifting from plastic to glass for food storage and lunch boxes, driven by health and hygiene awareness. Borosil's glassware segment grew by an impressive 21% in the nine months of FY26, reaching ₹231 crore. The Larah Opalware segment recorded sales of ₹314 crore, a 7% increase.
The non-glassware segment, including small home appliances and insulated bottles, saw a tepid 2% increase in revenue to ₹349 crore. This was primarily due to BIS compliance requirements affecting hydra bottle sales. To address this, Borosil has approved a new manufacturing facility in Rajasthan with an estimated capex of ₹65 crore for vacuum insulated steel flasks, bottles, and containers, with partial production expected by March 2026.
Borosil is also investing ₹75 crore in a 20 MWp ground-mounted solar plant with a battery energy storage system, expected to be commissioned in Q4 FY26, which will cover about 65% of the company's power requirements. The company's Jaipur manufacturing facility received a gold medal at the India Green Manufacturing Challenge 2025.
Looking ahead, Borosil plans brownfield expansion for its glassware facility, with potential announcements in the next quarter. The company aims for low-20s EBITDA margins in the foreseeable future, driven by cost control, increased capacity utilization, and the shift towards healthier, eco-friendly kitchenware.
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Borosil Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Borosil Limited. Read the original for the full detail.