In terms of Regulation 30 read with Schedule III of SEBI LODR, we forward herewith the transcript of the Conference call with Investors and Analysts held on 25th May, 2026 in respect of ....
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% with EBITDA margin improving to 13% from 11.1% in FY '25. PAT increased 44% to INR 268 crores. All segments showed strong performance - Plywood EBITDA margin at 16.1%, Laminates margin improved to 10.3%, MDF revenue grew 31% YoY with margin at 11.3%. The company took price increases of 7% in Plywood (April) and 15% in MDF/Particle Board to counter rising chemical and raw material costs due to geopolitical disruptions. New capex includes Hoshiarpur plywood plant (48,000 CBM, H2 FY '27), Chennai debottlenecking (60,000-70,000 CBM MDF), and planned UP and Orissa plants. Management declined to provide FY '27 guidance citing fluid geopolitical situation. The company aims to be fully in-house in plywood by next year and targets high-teens EBITDA for MDF.
Strong operational performance with margin improvement across segments demonstrates effective cost management and pricing power. However, management's refusal to provide guidance due to input cost uncertainty and heavy capex plans (plywood-focused, ~INR 400-500 crores annually) warrant monitoring of balance sheet discipline as debt-to-EBITDA currently stands at 2.5x.