India · Delayed Price · Currency is INR Century Plyboards (India) Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw 18.4% revenue growth year-on-year, margin improvements, and robust performance across all segments. Major capacity expansions are underway, with positive medium-term outlook and continued focus on operational efficiency and market share gains.
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Reported record quarterly revenue and EBITDA, driven by strong growth in all segments and improved operational efficiency. Capacity expansions and premiumization strategies are supporting future growth, while temporary cost pressures in MDF are expected to ease.
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Q1 FY2026 saw strong consolidated revenue and margin growth, with record sales in plywood and robust performance in MDF. New capacity, product launches, and a focus on digitization and AI support a positive outlook, while debt reduction remains a priority.
Fiscal Year 2025
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Q4 and FY25 saw strong revenue growth, especially in plywood and MDF, despite margin pressures in laminates and particle board. New capacity additions and operational improvements are expected to drive margin recovery and support a 20% growth outlook, with CapEx peaking and debt reduction planned.
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Q3 FY25 saw 20.7% YoY consolidated revenue growth, strong plywood and MDF performance, and margin pressure in particleboard. New capacity expansions are underway, with MDF and plywood segments driving growth, while laminate faces execution challenges.
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Achieved record quarterly revenue with strong plywood and MDF growth, despite margin pressures in laminates and particle board. New facilities ramping up, CapEx cycle ending, and deleveraging expected next year. Timber prices and competition remain key risks.
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Q1 FY25 saw 12.8% consolidated revenue growth, strong plywood and MDF performance, and margin improvement in laminates. New Andhra facilities ramped up, while CapEx is set to decline post-FY26, supporting future deleveraging.