Borosil Ltd

Meeting Details

• Date: August 19, 2026; time not disclosed.
• Event: Earnings Conference Call.
• Organizer: Borosil Limited.

Participants

• Key participant: Company Secretary & Compliance Officer.

Purpose

• Discuss unaudited results for quarter ended June 30, 2026.

Additional Notes

• Recording: audio recording available on company website.
• Results: unaudited standalone and consolidated results referred to in the call.

Business overview

• Core business: mass premium consumer ware including glassware, opalware, and non-glassware appliances.
• Flagship brands Borosil and Larah; focus on kitchenware, storage, and domestic appliances.
• Make in India expansion: new capacities in Rajasthan, Bharuch, Jaipur.

Operational highlights

• Q1FY27 revenue rose 9% YoY to ₹253.6 Cr.
• Two double-wall lines started in Q1FY27; third line targeted by end-FY27.
• Rajasthan unit capex ₹65 Cr; capacity ~3.6 million units annually.
• Bharuch facility capex ₹42 Cr; commissioning by end-FY27.
• Jaipur BG furnace expansion to 32 TPD; capex ₹50 Cr.
• Aura Ion Glass launch and Larah Opalware expansion.
• Shares issued as of 30 Jun 2026: 11,95,87,629.

Financial performance

• FY26 revenue ₹1,195.9 Cr; Gross Margin 60.4%.
• FY26 EBITDA ₹198.4 Cr; EBITDA Margin 14.1%; PAT ₹74.7 Cr.
• Q1FY27 revenue ₹253.6 Cr; Gross Margin 69.1%.
• Q1FY27 EBITDA (incl Other Income) ₹41.1 Cr; PAT ₹12.8 Cr.
• FY26 cash flow from operations ₹118.8 Cr.
• Balance sheet: Total assets ₹1,281.7 Cr; Total equity ₹886.9 Cr; Borrowings ₹103.2 Cr; Cash ₹2.8 Cr.

Capital structure & liquidity

• Net cash from Operating Activities FY26 ₹118.8 Cr.
• No. of shares as at 30 Jun 2026: 11,95,87,629.

Strategic priorities & outlook

• Mid-term revenue CAGR target: ~15-20%.
• Expand domestic manufacturing; reduce dependence on China.
• Mass Premium strategy; expand To-Go storage and Larah Opalware.
• Drive e-commerce growth and channel expansion.
• Invest in new product development and brand building.

Risks & mitigation

• Risks include ability to implement strategy, growth plans, regulatory norms, technological changes, investment income, and cash flow projections.

Governance & leadership

• Chairman: Pradeep Kumar Kheruka; Vice Chairman & MD: Shreevar Kheruka.
• CFO: Anand Sultania; Investor Relations: Dhaval Patel.
• Shares issued: 11,95,87,629 as of 30 June 2026.

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved, with limited review reports.

CS/Compliance officer changes

• Bhaunik Shah resigns as Company Secretary & Compliance Officer, effective 14 August 2026; to continue employment.
• Pradeep Joshi appointed Company Secretary & Compliance Officer (KMP) from 15 August 2026.

Internal audit appointments

• Parag Parekh appointed Senior Managerial Personnel, Internal Audit, from 14 August 2026.

KMP disclosure authority

• Pradeep Joshi authorised to determine materiality of events or information for stock-exchange disclosures.

ESOP and capital changes

• Allotment of 5,500 ESOP shares; paid-up capital Rs 0.06 lakh; securities premium Rs 10.98 lakh.

Subsidiary development

• Stylenest India Limited commenced commercial production from June 30, 2026.

Auditor review status

• Limited review of standalone and consolidated results completed; no material misstatement observed.

Meeting Details

• Board meeting on August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated results for quarter ended June 30, 2026.

Other Notes

• Trading window closed for designated persons from July 01, 2026 until 48 hours after results declaration.

Resignation of VP Operations

• Manoj Kumar Singh resigns as Vice President - Operations, Senior Management Personnel, effective July 31, 2026.
• Resignation to pursue other opportunity.
• Cessation effective at close of business hours July 31, 2026.
• Relieved from duties accordingly.
• Brief profile not applicable and no related party disclosures.

SMP appointments

• Mr. Ritesh Kumar, Senior Vice President, appointed as SMP, effective July 13, 2026.
• Mr. Manoj Tiwari, Vice President Operations (Appliances & Flasks), appointed as SMP, effective July 13, 2026.
• Mr. Dev Rishi Bhatnagar, Vice President & Cluster Head Jaipur Operations, appointed as SMP, effective July 13, 2026.
• Mr. Pradeep Joshi, Associate Vice President Secretarial, appointed as SMP, effective July 13, 2026.

Dematerialisation status

• Securities received for dematerialisation during the quarter were confirmed to the depositories.
• Securities in the certificates have been listed on the exchanges where earlier securities are listed.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification by the depository participant.
• Depository name substituted in the register of members as the registered owner within prescribed timelines.

Rajasthan manufacturing expansion

• Rajasthan unit via Stylenest India Limited commissioned; commercial production from two double-wall lines started on June 30, 2026.
• Third double-wall line expected to commence commercial production in Q2 FY 2026-27.