Century Plyboards (India) Limited has informed the Exchange about Transcript
CENTURYPLY · price
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Awaiting price reaction for this filing.
Century Plyboards posted Q1 FY26 consolidated revenue growth of 16.3% YoY (standalone +6.8%), with consolidated EBITDA margin (excl. forex) improving to 12.5% from 11.2% last year. Plywood led with 15.3% YoY growth and 13.8% EBITDA margin, recording its highest-ever July sales volume. MDF grew strongly at 23.7% YoY with 14.3% EBITDA margin, while Laminates showed early turnaround signs with 12.8% YoY revenue growth. The new Particle Board plant in Tamil Nadu commenced commercial production at end of Q1. Working capital cycle improved from 76 to 71 days. Management reiterated guidance: 10%+ plywood growth, 20% MDF revenue with 15% EBITDA, and 20%+ Laminates revenue with mid-to-high single-digit EBITDA. Particle Board is targeted to reach 15% steady-state EBITDA by year 3 and revenue potential of INR500+ crores.
Positive for shareholders — broad-based growth across segments with margin improvement, clear debt reduction roadmap (repayment of INR400+ crores long-term debt within 2 years), and new capacity additions likely to support earnings momentum. Particle Board margin pressure remains a near-term watchpoint.