Century Plyboards (India) Limited has informed the Exchange about Investor Presentation
CENTURYPLY · price
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Awaiting price reaction for this filing.
Century Plyboards posted Q1 FY26 standalone revenue growth of 6.8% YoY to ₹1,017 crore and consolidated revenue growth of 16.3% YoY. Standalone EBITDA margin (excl. forex) declined marginally to 12.7% from 13.5% a year ago due to higher advertising spends, while consolidated EBITDA margin improved to 12.5% from 11.2% helped by the new Badvel MDF plant. Plywood led with 15.3% YoY revenue growth and 13.8% EBITDA margin, MDF posted 23.7% consolidated revenue growth with 14.3% margin, and Laminates showed early signs of a turnaround with 12.8% YoY consolidated revenue growth. Particle Board remains weak with margins under pressure from elevated timber costs. Management guided to 20%+ revenue growth in MDF and Laminates with steady-state margin of 15% in MDF, but total debt has risen sharply to ₹685 crore with Debt/EBITDA at 1.49x and ROAE declining to 12.6%.
Near-term mixed for shareholders — topline growth is healthy especially in MDF and Plywood, but standalone margins are soft, debt is rising fast and returns are declining. Watch the Badvel MDF plant ramp-up and the Laminates turnaround as the key drivers for the next few quarters.