Century Plyboards (India) Limited has informed the Exchange about Transcript
CENTURYPLY · price
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Century Plyboards reported its highest ever quarterly revenue of INR 1,492 crores in Q4 FY '26, with 24.5% YoY and 10.5% QoQ growth. Full year FY '26 revenue grew 19.2% while EBITDA margin improved significantly to 13% from 11.1%, with absolute EBITDA rising from INR 502 crores to INR 702 crores. PAT increased 44% to INR 268 crores. All segments showed improvement: Plywood delivered 15.6% revenue growth with 15.2% EBITDA margin, MDF grew 25.5% with margin expansion to 12.7%, and Laminates showed turnaround with 13.9% growth and 8.5% margin (up from 5.2%). The company announced 30% plywood capacity expansion (including new Hoshiarpur plant), 20% MDF debottlenecking, and flagged 7-15% price hikes to counter chemical/timber cost inflation from geopolitical disruptions. Management declined to provide FY '27 guidance citing global uncertainty, stating it would be unfair to give numbers in the current fluid environment.
Strong execution with margin improvement demonstrates operational leverage from past capex. However, management's refusal to provide guidance and evasion on raw material cost details may signal uncertainty about sustaining margins amid input cost inflation and geopolitical risks. The aggressive capacity expansion plans require careful monitoring of execution and demand absorption.