Borosil Shares Rise 4% in 2 Days Amidst Modest Revenue Growth
Borosil Ltd’s shares continued their upward momentum on Tuesday. The shares extended gains for the second straight session. There was a 4% rise over the past two days. The company’s revenue grew 7.3% year-on-year in Q1FY26, despite challenging market conditions.
Financial Highlights
- Revenue Growth: 7.3% YoY in Q1FY26
- EBITDA Growth: 28.9% with a margin expansion of 268 basis points
- PAT Increase: 88.7% YoY with a margin expansion of 320 basis points
Strategic Initiatives
Borosil is focusing on:
- Expanding Retail Footprint: Targeting an increase from 24,000 outlets to 40,000-45,000 in the next 3-4 years
- New Manufacturing Facility: Commissioning a facility for vacuum-insulated stainless steel products by Q4FY26 with an initial investment of Rs 40 crore
- Renewable Energy: Increasing solar capacity to cover 65% of power needs by FY26 and aiming for 100% renewable energy usage in the next few years
Brokerage View
ICICI Securities has revised Borosil’s target price to Rs 365 from Rs 440. This change is due to weak consumer demand and lower earnings projections for FY26-27. The brokerage maintains an ‘ADD’ rating on the stock
