Slide 1: Cover letter to stock exchanges
May 22, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Dalal Street, Bandra Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 543212 Symbol: BOROLTD Dear Sirs, Sub: Investor presentation Pursuant to Regul
Slide 2: Borosil Limited Investor Presentation Q4 FY26
Borosil Limited Investor Presentation Q4 FY26
Slide 3: Safe Harbour
Safe Harbour THIS PRESENTATION (PRESENTATION) IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF BOROSIL LIMITED (THE “COMPANY”) OR ITS SUBSIDIARY (TOGETHER WITH THE COMPANY, THE “GROUP”). The material that follows is a Presentation of general background information ab
Slide 4: About Borosil
About Borosil One of the leading brands in glass Brand with a Enjoys strong consumer microwavable 60+ year equity in serving-ware, & legacy kitchen appliance Largest Opalware and storage Player in India Borosil Limited | Q4FY26 Investor Presentation 3
Slide 5: Our Vision
Our Vision ‘To Be The Most Customer-Centric Company in India’ Develop innovative Be a dependable Nurture long-term products to meet partner that creates relationships with all evolving customer value for customers stakeholders needs Borosil Limited | Q4FY26 Investor Presentation 4
Slide 6: Company Timeline
Company Timeline 60+ Years Of Excellence, With Consistent Accomplishments • Added Opalware Capacity of 42 TPD (Current Overall Capacity 84 TPD) • Demerger of Borosil Scientific Ltd • Ccommissioned captive ground mounted solar power project in Bikaner, Rajasthan for 8.6MWp Capacity • Added India's Fi
Slide 7: Key Highlights
Key Highlights 24000+ Presence in Retail Outlets 18000+ ~250 Distributors SKUs 26 Presence in Countries 2 Opal Glass Mfg Furnaces (84 TPD) 1 Borosilicate Glass Mfg Furnace (25 TPD) • Part of Borosil Group: Part of the esteemed Borosil Group with • Diverse Product Range: Prides itself on offering a d
Slide 8: Re-Imagining Consumer Products
Re-Imagining Consumer Products PAST PRESENT GLASS PRODUCTS CONSUMER BRANDS COMPANY COMPANY OCCASIONAL USE DAILY USE (SERVING WARE, (MICROWAVABLE) STORAGE, APPLIANCES) SINGLE BRAND MULTI BRAND BOROSIL BOROSIL, LARAH GENERAL • General Trade • B2B • Modern Trade • CSD/CPC TRADE • E-Commerce • Exports B
Slide 9: Product Categories
Glassware Product Categories Cook, serve, store Jugs & Bottles Storage Jars Glass Vision Glass Glass Lunch Boxes Glassware Containers Non-Glassware Gas Stoves Domestic Appliances Flasks & Bottles Stainless Steel Cookware Non-Stick Cookware Opalware Storage Containers Dinner Sets Tea & Coffee series
Slide 10: Journey over last 8 years
Journey over last 8 years (Rs. In CRS) Sales Operating EBITDA 1,171.1 176.7 248.9 22.5 FY2018 FY2026 FY2018 FY2026 Borosil Limited | Q4FY26 Investor Presentation 9
Slide 11: Q4FY26 Consolidated Highlights
Q4FY26 Consolidated Highlights Revenues EBITDA PAT ₹ 277.9 CRS ₹ 37.9 CRS ₹ 10.6 CRS 5.2% 4.1% 5.0% YoY YoY YoY Borosil Limited | Q4FY26 Investor Presentation 10
Slide 12: Consolidated Financial Overview Q4FY26
Consolidated Financial Overview Q4FY26 Particulars (₹ Crs) Q4 FY25 Q4 FY26 Growth% Net Sales 264.2 277.9 5.2% Other Operating Income 6.0 6.2 3.6% Revenue From Operations 270.2 284.1 5.1% EBITDA 39.5 37.9 -4.1% EBITDA (Before exceptional and one-time items) 37.5 31.8 -15.2% EBITDA (%) 14.2% 11.5% EBI
Slide 13: Consolidated Financial Overview FY26
Consolidated Financial Overview FY26 Particulars (₹ Crs) FY25 FY26 Growth% Net Sales 1,088.6 1,171.1 7.6% Other Operating Income 19.2 24.8 29.3% Revenue From Operations 1,107.8 1,195.9 8.0% EBITDA 197.1 194.3 4.0% EBITDA (Before exceptional and one-time items) 177.7 176.7 -0.5% EBITDA (%) 16.3% 15.1
Slide 14: Category wise Sales
Category wise Sales Particulars (₹ Crs) Q4 FY25 Q4 FY26 Growth% Glassware 61.1 64.7 5.8% Non-Glassware 111.9 115.1 2.8% Opalware 91.2 98.2 7.7% Total Consumerware 264.2 277.9 5.2% Particulars (₹ Crs) FY25 FY26 Growth% Glassware 252.0 295.5 17.3% Non-Glassware 452.9 463.7 2.4% Opalware 383.8 411.9 7.
Slide 15: ROCE
ROCE ₹ Crs Particulars FY25 FY26 Shareholders Funds 807.7 886.9 [+] Deffered Tax Liability 19.0 19.5 [+] Total Debt 77.7 136.4 Capital Employed 904.3 1042.9 [-] CWIP & Investments (63.2) (201.2) Operating Capital Employed (A) 841.1 841.70 PBT (Before Exceptional and one time Items) 103.2 105.0 [-] I
Slide 16: Capital Employed
Capital Employed ₹ Crs Particulars FY25 FY26 Working Capital Employed 268.1 312.6 Working Capital (Days of Sale) 89.9 97.4 Operating Capital Employed 841.1 841.7 Operational ROCE 11.5% 10.7% Borosil Limited | Q4FY25 Investor Presentation 15
Slide 17: Borosil Limited | Q2FY26 Investor Presentation16
Borosil Limited | Q2FY26 Investor Presentation16
Slide 18: Market Opportunity
Market Opportunity Market Size Category Branded (₹ Crs.) Market Growth % Glass (Borosilicate) Includes Microwavable, Tumblers and ~415 10.5 % Storage Tumblers ~400 10 % (Soda lime) Cookware (Includes cooking range of pans, cookers, kadhais etc. made of steel, non-stick, cast ~7922 6.5 % iron, alumin
Slide 19: Channel Presence
Channel Presence Borosil Limited | Q4FY26 Investor Presentation 18
Slide 20: Why Borosil?
Why Borosil ? ✓ Category Leader : #1 in Opalware (Larah) ✓ Plastic-to-Glass Shift : Riding health & sustainability wave ✓ Brand Stickiness : Trust built over decades, strong ✓ Distribution Reach: Extensive distribution footprint recall. Trusted across generations spanning General Trade, Modern Trade
Slide 21: India's GDP & PFCE growth
India’s GDP & PFCE growth Per Capita GDP (₹) 1,38,942 1,24,690 1,31,623 1,09,761 1,16,215 “ With India’s per capita consumption on the rise, the demand for premium yet FY22 FY23 FY24 FY25 FY26E affordable kitchenware, storage, hydration, Per Capita PFCE (₹) and serveware is poised for rapid growth 6
Slide 22: Rising Disposable Incomes & Discretionary Spend
Rising Disposable Incomes & Discretionary Spend A Strong Tailwind for Borosil India's per capita income ($) • With GDP per capita expected to grow at 7.5% CAGR during FY2024– 2030, this strong upward trend in purchasing power creates a favourable environment for consumer-driven growth 4,000 • India'
Slide 23: Brown Goods Boom – Fueling Demand in the long run
Brown Goods Boom – Fueling Demand in the long run Brown Goods include microwave oven, kitchen appliances, home appliances, and personal care appliances Size of Brown Goods ($ Bn) • The brown goods market in India is expected to grow from $5 billion in FY24 to $9 billion by FY30, implying a CAGR of ~
Slide 24: Rise of Health-Conscious India
Rise of Health-Conscious India – Driving Demand for Steel, Glassware & Opalware “ Rising spend on nutrition, health and fitness directly correlates to awareness towards leading a healthy life • Health Awareness on the Rise • Indians have become more aware and have increased which would have effects
Slide 25: Make in India — Strengthening Domestic Manufacturing
Make in India — Strengthening Domestic Manufacturing for Scalable Growth Borosil is investing in future-ready capacity — built in India, for India and the world. • Established Leadership in Opalware & Borosilicate Glassware Manufacturing: • Operates 84 TPD Opalware Furnaces – among the largest in In
Slide 26: Glassware Manufacturing at Bharuch
Glassware Manufacturing at Bharuch • Current sales of ~₹100 Cr through sourcing of Drinking Glasses, Glass Storage Jars, Jugs & Bottles from BSL’s Bharuch plant • Capacity Expansion to capitalized on strong demand oppotinuities in Glass Jars, Jugs & Bottles • Board approved new manufacturing facilit
Slide 27: Expansion of BG Furnace from 25 TPD to 32 TPD, Jaipur
Expansion of BG Furnace from 25 TPD to 32 TPD, Jaipur • Existing furnace capacity of 25 TPD with 2 forming lines at Jaipur • Furnace commissioned in Jan’24; rebuild scheduled in Jan’28 • Current capacity utilization at ~90% • Board approved expansion to 32 TPD with addition of a 3rd forming line • E
Slide 28: Mass Premium Products
Mass Premium Products Healthier, Stylish, Durable, Non-toxic Borosil glassware is a non-toxic, eco-friendly alternative to plastic. They are fully recyclable, reusable, and designed to preserve the original taste and quality of contents, making it a superior choice for a healthier and more sustainab
Slide 29: Storage, Cooking, and Serving Needs of a Modern Kitchen
Storage, Cooking, and Serving Needs of a Modern Kitchen Expanding from being synonymous with microwavable glass to storage, serving-ware, and domestic appliances STORE PREPARE COOK SERVE HEAT • Contemporary • Performs Beautifully • Everyday Use • Ally to the progressive homemakers Borosil Limited |
Slide 30: Ally Of the Progressive Homemaker
Ally Of the Progressive Homemaker Touching Consumer Life Everyday #Morning Preps, Chai, Breakfast, #Dinner Prep, #Lunch Husband, Evening Tea, Dinner Kids Serving # social meetings, hi tea, travel, Workout Borosil Limited | Q4FY26 Investor Presentation 29
Slide 31: Our Products are Highly Rated and Widely Loved
Our Products are Highly Rated and Widely Loved Borosil Limited | Q4FY26 Investor Presentation 30
Slide 32: Our Customers Love Us
Our Customers Love Us Borosil Limited | Q4FY26 Investor Presentation 31
Slide 33: New Product Development
BOROSIL New Product Development
Slide 34: Key Brand Partners
Key Brand Partners Borosil Limited | Q4FY26 Investor Presentation 33
Slide 35: Key Institutional Partners
Key Institutional Partners Borosil Limited | Q4FY26 Investor Presentation 34
Slide 36: Consumer Products Business Growth Theme
Consumer Products Business Growth Theme Made In New Product Leverage Brand Borosil Everyday Usage India Development Enhance/ build Our focus on Borosil is one of To make manufacturing innovation and the leading glassware capacity for customer needs brands in India. affordable for Opal Glass and is t
Slide 37: Product Portfolio
Product Portfolio Growth Pillars Larah-Opalware Core Microwavable Storage products: dinnerware: Domestic appliances Products Kitchen & on the go Mass market/daily use Bring more users into Upgrade consumers from Convert from plastics Expand range category Melamine etc.. Maintain market share Partici
Slide 38: India shifts from Plastic to Glass
India shifts from PLASTIC TO GLASS Consumers are actively moving away from plastic lunch boxes towards glass, driven by health and environment friendliness. HEALTH & SAFETY IS THE PRIMARY DEMAND TRIGGER 65–70% OF URBAN INDIAN CONSUMERS actively Indian FOOD STORAGE & LUNCHBOX MARKET avoid heating foo
Slide 39: Glass Is Good
“GLASS IS GOOD” 100% FOOD SAFE Inert, non-toxic material No BPA | No chemical LEAK-PROOF & AIRTIGHT leaching Secure lids for gravies & Safe for hot, oily & acidic food liquids Zero spillage in bags MICROWAVE & HEAT SAFE Expands usage occasions Direct reheating without transfer No degradation over re
Slide 40: Brand Transformation
Brand Transformation: We enhance everyday for every Indian family Customers perceived “Borosil” as "mom's brand"—functional but not an experience brand. Brand carried the asset of trust based on product performance , wanted to add aesthetics along with performance Consistent Colors /Creative Imagery
Slide 41: Kitchen Connection
Kitchen Connection Based on the consumer insights, developed a property called kitchen connection, that that brings celebrity kitchen revamps alive. It builds resonance and relatability by showcasing Borosil product range in real celebrity kitchens through authentic storytelling. TARGET AUDIENCE Sup
Slide 42: Larah Opalware
Larah Opalware Category Gaining Salience One of the leading player in Adoption being led by ~INR 1500 cr category • Urbanization and nuclearization of families • Gaining share in growing market • Increase in entertaining guests at home • Changing lifestyles leading to aspirational preferences Focus
Slide 43: Larah's Remarkable Growth Story
Larah's Remarkable Growth Story Larah increased its market share significantly, post its acquisition in 2016 Acquisition and Transformation: • Larah was acquired by Borosil in 2016. Larah - Sales • Strategic steps were taken to revamp operations and market positioning. (INR Crs) 450 Innovation and M
Slide 44: Non-Glassware the Rising Star
Non-Glassware the Rising Star Non-Glassware category has significantly grown over the years Non-Glassware - Sales Growth in Non-Glassware were majorly driven by: (INR Crs) 500 464 • Emphasis On Research And Product Development 450 • Leveraging Our Brand Value 400 • Effective Marketing And Branding S
Slide 45: Medium-Term Thrust Areas
Medium-Term Thrust Areas Achieve revenue CAGR of ~ 15%-20% Become brand of consumer choice - Increase penetration of glass storage and Opalware - Maintain investments in brand building - Introduce high-quality & innovative To-Go storage - Introduce new and improved range of products products - Bench
Slide 46: Domestic Appliances
Domestic Appliances New Engine of Growth - Opportunity to create a high quality mass premium range leveraging the Borosil brand - Commenced without investments in manufacturing assets - Expanding range of product offerings - Increase Made in India’s portfolio and reduced dependence on China supply c
Slide 47: Storage Range
Storage Range Thoughtful Products Creating A New Pillar of Growth Indian kitchen storage dominated by plastic and steel - Very low penetration of glass storage Awareness of glass as a preferred storage option is rising - No health hazard as compared to plastic - Transparent as against opaque steel &
Slide 48: Our understanding of ESG
Our understanding of ESG ESG for us is about how we create profits. It is outcome-driven and not just good intentions. Borosil Limited | Q4FY26 Investor Presentation 47
Slide 49: Borosil 2.0: Leading a responsible tomorrow
Borosil 2.0: Leading a responsible tomorrow Borosil Limited is on a transformational journey to address key ESG opportunities and create long term value for our customers. Our strategic ESG priorities Our Actions - ESG targets disclosures & Dashboard to track the emissions - Aim to achieve Carbon ne
Slide 50: Equity Information
Equity Information No. of Shares issued of ₹1 each, as at 31st Mar 2026: 11,95,82,129 Shareholding % as on 31st Mar 2026 Public & Others 1369812D:IN BOROLTD 28.80% Bloomberg NSE Ticker Ticker Promoter & DIIs 6.18% Promoter Group 64.69% 543212 ~₹2704 crs BSE Ticker Market CAP FIIs Market Cap (NSE) as
Slide 51: Board Of Directors
Board Of Directors Mr. Shreevar Kheruka Mr. Rajesh Kumar Chaudhary Mr. Kewal Handa Vice Chairman, Managing Whole-Time Director Independent Director Director & CEO Mr. Pradeep Kumar Kheruka Chairman Mr. Kanwar Bir Singh Anand Ms. Anupa Sahney Mr. Adarsh Menon Independent Director Independent Director
Slide 52: Thank You
Thank You Anand Sultania (Chief Financial Officer) anand.sultania@borosil.com Corporate Address 1101, Crescenzo, G - Block, Opposite MCA Club, Bandra Kurla Complex, Dhaval Patel Bandra (East), Mumbai - 400 051, India. (Head - Investor Relations) www.borosil.com Dhaval.patel@borosil.com www.myborosil