Borosil Limited Earnings Summary — Q1 FY2027
Borosil Reports Revenue Growth Amid Margin Pressure and Strategic Subsidiary Launch
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 10.7% sequentially in Q1 FY2027.
- Revenue of ₹254 Cr is 9.0% higher year-on-year.
- Revenue has compounded at 4.7% annualised over the last 10 quarters.
- Net profit of ₹13 Cr is 26.5% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 50.8% annualised across the period.
- Operating margin stands at 13.6% in Q1 FY2027.
- Operating margin compressed by 246 bps year-on-year.
- Over the last two years operating margin has expanded by 23 bps.
- PBT margin is 6.9%.
- Expenses grew 12.2% against revenue growth of 9.0%.
- Operating profit of ₹34 Cr is 7.7% lower year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 56/100 (Healthy) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 254 | 284 | 339 | 340 | 233 | 270 | 338 | 278 | 217 | 229 |
| Expenses | Stable | 219 | 254 | 286 | 292 | 195 | 233 | 284 | 233 | 188 | 210 |
| Operating Profit | Improving | 34 | 30 | 53 | 48 | 37 | 37 | 54 | 45 | 29 | 19 |
| Operating Margin | Improving | 13.6% | 10.6% | 15.6% | 14.2% | 16.1% | 13.8% | 16.1% | 16.2% | 13.4% | 8.3% |
| Other Income | Volatile | 7 | 8 | 2 | 6 | 10 | 2 | 16 | 5 | 8 | 7 |
| Interest | Stable | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 3 |
| Depreciation | Improving | 22 | 21 | 22 | 22 | 22 | 20 | 21 | 20 | 19 | 16 |
| Profit Before Tax | Volatile | 17 | 15 | 32 | 30 | 23 | 17 | 48 | 26 | 13 | 7 |
| Tax | Volatile | 5 | 4 | 8 | 8 | 6 | 6 | 12 | 8 | 4 | 2 |
| Net Profit | Strong Uptrend | 13 | 11 | 24 | 23 | 17 | 11 | 35 | 18 | 9 | 5 |
| Net Margin | Volatile | 5.0% | 3.7% | 7.1% | 6.7% | 7.5% | 4.1% | 10.5% | 6.6% | 4.3% | 2.2% |
Key Takeaways
- Consolidated revenue for Q1 FY2027 grew by 8.98% YoY to ₹253.59 Cr, though it saw a sequential seasonal dip of 10.7% from Q4 FY2026.
- Net profit experienced a significant year-on-year decline of 26.5%, primarily driven by higher purchase costs and employee benefits.
- The wholly owned subsidiary, Stylenest India Limited, successfully commenced commercial production of vacuum-insulated flasks and bottles on June 30, 2026.
- Operating margins remain under pressure at 7.6%, significantly lower than the prior-year period's double-digit margins.
- Significant management transition occurred with the resignation of Mr. Bhaunik Shah as Company Secretary, succeeded by Mr. Pradeep Joshi.
- Employee benefit expenses rose 9% YoY, reflecting the company's expansion and new production unit staffing.
Management Guidance
Management is focusing on scaling the new vacuum-insulated stainless-steel flask segment following the commissioning of Stylenest India Limited. The strategy involves leveraging the core consumerware brand to capture market share in high-growth kitchenware categories.
Sentiment Shift
Stable
While YoY profitability has dipped, the sequential recovery in profit and the successful commissioning of new manufacturing capacity for stainless steel products provide a stable outlook for volume growth.
Outlook
The outlook is focused on the integration and ramp-up of the Stylenest India facility. Future performance will depend on the absorption of fixed costs from new Rajasthan units and the ability to maintain market share against organized competitors in the consumer houseware segment.
From the Annual Report (Key Quotes)
“Stylenest India Limited (SIL), a wholly owned subsidiary of the Company, commenced its commercial production of vacuum-insulated stainless-steel flasks, bottles and containers from June 30, 2026.”
“The Company is primarily engaged in the business of Consumer ware products, which is a single segment in terms of Ind AS 108.”
“Mr. Bhaunik Shah has resigned from the position of Company Secretary... due to internal role re-alignment.”
Official Quarterly Documents
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This summary is AI-generated from Borosil Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.