Borosil (BOROLTD) Q1 25/26 earnings summary

Executive summary

• Consolidated Q1 FY26 revenue rose 5.2% year-over-year to INR 232.7 crore, with strong EBITDA and PAT growth, and results reviewed and approved by the Board and Audit Committee.

• Operating EBITDA before investment income and one-time items increased 15.1% year-over-year to INR 40.2 crore, with margins improving to 17.8% from 16%.

• Profit after tax grew 87.4% year-over-year to INR 17.4 crore, aided by a one-time stamp duty reversal and lower finance costs.

• Maintains leadership in opalware and selective consumerware markets, leveraging a 60+ year brand legacy and focusing on innovation and premiumization.

• Statutory auditors conducted a limited review and found no material misstatements in the financial disclosures.

Financial highlights

• Revenue: INR 232.7 crore in Q1 FY26 vs INR 221.2 crore in Q1 FY25; EBITDA rose 28.5% year-over-year to INR 47.2 crore; PAT increased 87.4% to INR 17.4 crore.

• Operating EBITDA margin improved to 17.8% in Q1 FY26 from 16% in Q1 FY25.

• Net debt as of June 30, 2025, stood at INR 5.1 crore, supporting a strong balance sheet.

• Marketing spend reduced to INR 14.1 crore from INR 18 crore year-over-year; power and fuel costs declined to INR 17.5 crore from INR 20.4 crore.

• Basic and diluted EPS (not annualised) for the quarter stood at ₹1.46 on both standalone and consolidated basis.

Outlook and guidance

• Medium-term revenue growth target remains 15%-20% CAGR over three years, with focus on premiumization and new product launches.

• Management expects a rebound in demand and capacity utilization in coming quarters, supported by new capacity and product launches.

• Expects to benefit from rising disposable incomes, urbanization, and health-conscious consumer trends.

• EBITDA margin target of 20% over the next 2-3 years.