Borosil Limited

Here’s a summary of the key points from latest Investor Presentation:

Financial Performance for Q1 FY25 (Quarter ended June 30, 2024):

1. Net Sales: ₹216.8 crores, up 23.2% year-over-year (YoY)
2. EBITDA: ₹36.7 crores, up 74.9% YoY
3. EBITDA margin: 16.0%, improved from 13.6% in Q1 FY24
4. Profit Before Tax (PBT): ₹12.9 crores, up 80.4% YoY
5. Profit After Tax (PAT): ₹9.3 crores, up 87.6% YoY
6. Net Debt: Reduced to ₹57.8 crores from ₹94.5 crores in the previous year

Segment-wise Performance:

1. Glassware: ₹55.7 crores, up 42.2% YoY
2. Non-Glassware: ₹85.1 crores, up 20.3% YoY
3. Opalware: ₹76.1 crores, up 15.0% YoY

Other Key Insights from the commentary/slides:

1. Strong overall growth: The company has shown robust growth across all segments, with total consumer ware sales increasing by 23.2%.

2. Improved profitability: Significant improvement in EBITDA and PAT, indicating better operational efficiency and cost management.

3. Debt reduction: The company has reduced its net debt, strengthening its financial position.

4. Diversified product portfolio: Borosil has successfully expanded from being primarily a glassware company to offering a wide range of consumer products including non-glassware and opalware.

5. Market position: Borosil is positioned as one of the leading brands in glass microwavables and claims to be the largest opalware player in India.

6. Future growth strategies: The company aims to achieve a revenue CAGR of 15-20%, improve EBITDA margins, and optimize capital employed through various initiatives including increasing penetration of glass storage and opalware, introducing innovative products, and accelerating e-commerce growth.

7. ESG focus: Borosil has outlined strategic ESG priorities, including aims to achieve carbon-neutral operations, create a positive water balance, and focus on waste management opportunities.

Disclaimer: Holding part of tail end of LT PF. No recos., No transaction in last 30 days.