BOBorosil543212Glassware, consumer products

DGTR recommends anti-dumping duty on Chinese glass products; Borosil stands to benefit as recommendation awaits Ministry of Finance approval

By ScoutQuest · Mon 28 Sep 2026, 11:03 AM IST · 7 min read

Heard on Live television at 11:03:20 IST.

[10:56:35] [11:00:20] is a new day. Buzzing with news, information, analysis and lot. That is why we separate the news that is urgent and important for you from what is not. that influences comes across markets, policy and the corridors of power. At 6:00 p.m. we turn Hello and welcome back. R20 TV Profit watching ask Profit show that solves all your stock related queries. It is a market that makes you want to look at your investments as well. but uh certainly one that you are seeing in red. But let's pull up the bank and see what is right now. because we are at closer to the lowest point of the day for the Nifty 50. 22833 is the level that you're watching out for. But almost a 1000 point downtick continues uh, you know, on the Nifty Bank as well. And and let's look at the advanced decline ratio also very quickly if we can. Because we have highlighted the pressure on the index, but today as well, you're seeing that across the board, so the broader markets also continue to be under pressure. Um almost a three to four is to one kind of favoring the decline and that's clearly visible across the board. So, you're not seeing too many spaces where you can hide out today. Certainly all of those uh continuing to be impacted right now, so is the small cap 250 index down a percent. But uh let's get uh, you know, do some of your stock related queries as well, Ravi. Uh who's from is on to Warren Beverages and wants to know if it's a good time to buy after the downside and if there's any. Of course, I've Sourav with us on the fundamentals also being joined in by Ajeet Mishra SG relia care broking joining in. Ajeet, I'll just come to you in a bit uh on your call also on the index. But on Warren Beverages, how are you looking at the counter now? We've seen of course uh a couple of newses that has played into the the prices now and a weaker quarter one tour. Do you think time to buy or would you wait a bit more uh before venturing into it? See, in our opinion, this is a good company to buy. The stock has underperformed over the last few quarters, but if you look at the different verticals, the different geographies in which the company is expanding and it is quite uh uh good to see that the valuations have compressed now compared to maybe two years back. In my opinion, this is a good long-term . It could be a good buy. Got it. I just wonder Ajeet, a quick view from you as well uh as to what what you are looking at uh and actually what's on the radar today as well, because we're seeing read across the board. Um uh how are you looking at these current uh current index levels at this point of time? And since we are very close to 22,800 already, uh what would be a next support level? Yeah, Supreet uh after even like you know, witnessing decline for seven, six weeks uh market is uh not showing any sign of breather. Uh [11:03:20] Last week like initially we were seeing that market were making attempt of rebound at least some consolidation, but as the week progressed we saw that the move fizzled out. We broke that month close at 23,070 mark and now we are inching for the lower. So with the kind of like you know move that we are experiencing, especially in banking because banking earlier was the catalyst which was holding the market or at least the pace of decline was uh relatively when banking was holding strong. But now with banking under pressure we believe that this correction may continue further and 22,400, 600 where we have the long term moving averages placed on the weekly chart is where we see the next major base like you know might test. So as of now the texture definitely looks weak this 23,100, 150 immediate resistance and major is now at 23,400 to 600 zone. is market you know when it comes to the index sector if you see that and health care as a basket they were doing relatively better but otherwise of the on the rotational basis are witnessing pressure. mid cap small cap largely weeks ago are also witnessing profit taking now. So largely that looks negative to us is just that we need to watch out for some of the candidates across sectors where in the relative strength is there for buying opportunity. Otherwise we should like you know plan your strategies on the short side as you know when it comes to the stocks or the indices. So that's the comprehensive view with regards to markets go but you know the other you know interesting development that on Fridays with regards to DG DGT recommending anti dumping duty on Chinese glass. and Borsil is the one that stands to benefit directly from this and to understand as how this benefits the company what is the way forward from here on? We are joined by who is the managing director and CEO of Borsil Limited joining us now. Thank you so much Mr. for taking out the time this side. Give us more sense of what this development means for you. What percentage of your portfolio right now directly competes with the Chinese products and overall if the entire notification gets implemented as is, what is the you know the benefit in terms of market share that you get, improvement in terms of margins also that you can get from this development. Well thanks for having me. So firstly just want to clarify that ministry of commerce has recommended and has to be yet approved by Ministry of Finance and that process takes about three months. So we we have to wait and watch till the Ministry of Finance actually approves it. So this is just an recommendation, it's not actually implemented. That being said, we had applied for this [11:06:20] is from unfair or you know the the imports coming from China which were dump prices about a year. And the main reason was massive subsidization of our competitors in China both on the Opex and capex as well as export subsidies that they received. The result of which was they were selling products at prices below cost of production and this was resulting in, you know, challenges for us for that product category. Frankly speaking, we're talking about, you know, a lunch box, you know, dinnerware. This is stuff that India really needs to manufacture and should manufacture. There is absolutely no reason to be importing such basic products from China. We have the technology, we have the availability of all the raw materials that are needed to make this product. And therefore, I think, you know, it's incumbent on India and the, you know, Indian manufacturers to make this. I think from a, to answer your question on demand and pricing and so on, what we are going to focus on is actually just to increase the volume sales. We don't want to increase pricing at the moment, because we believe that glass is a much better alternative as a dinner set or for serving wear compared to plastic, and therefore it's healthier, it's 100% recyclable, and therefore we should encourage customers, consumers to use this product and replace the plastic in their kitchens. And therefore, we want to give, we don't want to increase pricing, we just want to make sure that the competition fair competition. There will be other India also, who will probably make this product which is good, but end of customers benefit from buying Indian made product and, you know, the company also should, you know, more of it. Then, just certification on the fact that percentage of your portfolio stand to benefit from this, you talked about, you know, uptake. Anything to put a probably, you know, internally put together as to how this can additionally add into the volume growth that you're picturing for FY 27? Yeah, well, as far as the percentage portfolio, this is about one fourth of our total portfolio revenues. So that's about 25% should, you know, we should see a higher volume growth in that 25%. Uh, I think we are today having, you know, large inventories because of this dumped competition and, you know, we should be able to start reducing those inventories and, uh, overall, we would need at least a 30-40% growth in order to compensate for the higher production that we have and the lower sales we have from this in this category. So, I think if we can achieve 30-40% higher volumes, area that

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