Slide 1: Covering letter to stock exchanges
February 6, 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 R
Slide 2: Borosil Limited Investor Presentation Q3 FY26
Borosil Limited Investor Presentation Q3 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 microwavables 60+ year equity in serving-ware, & legacy kitchen appliance Largest Opalware and storage Player in India Borosil Limited | Q3FY26 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 | Q3FY26 Investor Presentation 4
Slide 6: Company Timeline
Company Timeline 60+ Years Of Excellence, With Consistent Accomplishments • Added Opalware Capacity of 42TPD (Current Overall Capacity 84TPD) • Demerger of Borosil Scientific Ltd • Successfully commissioned captive ground mounted solar power project in Bikaner, Rajasthan for 8.6MWp Capacity Gujarat
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 7 years
Journey over last 7 years Sales (₹ Cr) Operating EBITDA (₹ Cr) 1,088.6 177.7 248.9 22.5 FY2018 FY2025 FY2018 FY2025 Borosil Limited | Q3FY26 Investor Presentation 9
Slide 11: Q3FY26 Consolidated Highlights
Q3FY26 Consolidated Highlights Revenues EBITDA* PAT* ₹ 338.7 CRS ₹ 55.3 CRS ₹ 24.0 CRS 0.2% 21.8% 32.5% YoY YoY YoY Note: * The Y-o-Y decrease in EBITDA % and PAT % is due to one-time income on account of profit on sale of Assets / Tenancy Rights of INR 13.5 Cr in Q3FY25. Borosil Limited | Q3FY26 In
Slide 12: Consolidated Financial Overview Q3FY26
Consolidated Financial Overview Q3FY26 Particulars (₹ Crs) Q2FY26 Q3 FY25 Q3 FY26 Growth% Net Sales 334.2 333.7 332.6 -0.3% Other Operating Income 6.2 4.4 6.2 40.5% Revenue From Operations 340.4 338.1 338.7 0.2% EBITDA 54.0 70.7 55.3 -21.8% EBITDA (Before exceptional and one-time items) 49.9 57.9 54
Slide 13: Consolidated Financial Overview 9MFY26
Consolidated Financial Overview 9MFY26 Particulars (₹ Crs) FY25 9MFY25 9MFY26 Growth% Net Sales 1,088.6 824.4 893.2 8.3% Other Operating Income 19.2 13.2 18.6 41.0% Revenue From Operations 1,107.8 837.6 911.8 8.9% EBITDA 197.1 157.6 156.5 -0.7% EBITDA (Before exceptional and one-time items) 177.7 14
Slide 14: Category wise Sales
Category wise Sales Particulars (₹ Crs) Q2FY26 Q3 FY25 Q3 FY26 Growth% Glassware 92.4 74.2 82.2 10.8% Non-Glassware 122.5 148.2 132.0 -10.9% Opalware 119.3 111.3 118.3 6.3% Total Consumerware 334.2 333.7 332.6 -0.3% Particulars (₹ Crs) FY25 9MFY25 9MFY26 Growth% Glassware 252.0 190.9 230.8 20.9% Non
Slide 15: Investor Presentation
Borosil Limited | Q2FY26 Investor Presentation14
Slide 16: 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- ~7922 6.5 % stick, cast iron, alumin
Slide 17: Channel Presence
Channel Presence General Trade Modern Trade ECommerce B2B Exports CSD & CPC CSD (Canteen Stores Department) CPC (Central Police Canteen) Borosil Limited | Q3FY26 Investor Presentation 16
Slide 18: 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 19: 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 20: Rising Disposable Incomes & Discretionary Spend
Rising Disposable Incomes & Discretionary Spend A Strong Tailwind for Borosil India's per capita income ($) • With GDP per capita expected to grow at 7.5% CAGR during FY2024– 2030, this strong upward trend in purchasing power creates a favourable environment for consumer-driven growth 4,000 • India'
Slide 21: Brown Goods Boom – Fueling Demand in the long run
Brown Goods Boom – Fueling Demand in the long run Brown Goods include microwave oven, kitchen appliances, home appliances, and personal care appliances Size of Brown Goods ($ 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 22: 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 23: 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 24: Mass Premium Products
Mass Premium Products Healthier, Stylish, Durable, Non-toxic Borosil glassware is a non-toxic, eco-friendly alternative to plastic. It’s fully recyclable, reusable, and designed to preserve the original taste and quality of contents, making it a superior choice for a healthier and more sustainable l
Slide 25: 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 26: Ally Of Progressive Homemaker
Ally Of 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 | Q3FY26 Investor Presentation 25
Slide 27: Our Products are Highly Rated and Widely Loved
Our Products are Highly Rated and Widely Loved Borosil Limited | Q3FY26 Investor Presentation 26
Slide 28: Our Customers Love Us
BOROSIL Our Customers Love Us — hitesh_patnaikk GID B -303ar @ i’m using this product and it’s amazing 1 year and more older my product is and still perfectly working i highly recommend it TICKET ID: 3802966320 (tia) v ‘Sandhya Bhanushali GID B -210ct mrinalini.patwardhan Gam & - 28 sug Qo Rit serci
Slide 29: New Product Development
New Product Development Borosil Limited | Q2FY26 Investor Presentation 28
Slide 30: Key Brand Partners
Key Brand Partners Borosil Limited | Q3FY26 Investor Presentation 29
Slide 31: Key Institutional Partners
Key Institutional Partners Borosil Limited | Q3FY26 Investor Presentation 30
Slide 32: 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 33: 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 34: 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 35: 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 with us
Slide 36: 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 37: 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 38: Non-Glassware the Rising Star
Non-Glassware the Rising Star Non-Glassware category has significantly grown over the years Non-Glassware - Sales (INR Crs) 500 Sales of Non-Glassware were majorly driven by: 453 450 • Emphasis On Research And Product Development 400 • Leveraging Our Brand Value 350 300 • Effective Marketing And Bra
Slide 39: 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 40: 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 41: 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 an option on the rise - No health hazard as compared to plastic - Transparent as against opaque steel & plastic gettin
Slide 42: 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 | Q3FY26 Investor Presentation 41
Slide 43: 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 44: Equity Information
Equity Information No. of Shares issued of ₹1 each, as at 31st Dec 2025: 11,95,82,129 Shareholding % as on 31st Dec 2025 Public & Others 1369812D:IN BOROLTD 28.93% Bloomberg NSE Ticker Ticker Promoter & DIIs 6.10% Promoter Group 64.62% 543212 ~₹3368 crs BSE Ticker Market CAP FIIs Market Cap (NSE) as
Slide 45: 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 46: 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