Century Plyboards (India) Limited reported strong Q2 results, achieving a revenue of ₹1,386 crs, a 17.1% increase YoY. The company also saw improved profitability, with EBITDA margin (ex-forex) rising to 13.1%. This performance was driven by strong demand across segments, effective cost optimization, and higher capacity utilization. The company is targeting further growth and EBITDA improvements for fiscal year 2025-26.
Financial Highlights
Century Plyboards delivered robust performance in Q2, marked by substantial revenue growth and improved profitability. Key highlights include:
- Revenue: Reached ₹1,386 crs, up 17.1% YoY. H1 revenue grew 16.7% year-over-year.
- EBITDA: Highest-ever EBITDA (ex-forex) of ₹181.7 crs, with EBITDA margin (ex-forex) improving to 13.1%.
- Working Capital Cycle: Improved to 70 days from 84 days on a consolidated level.
Segmental Performance
The company experienced growth across various segments:
- Plywood: Achieved its highest-ever quarterly revenue of ₹760 crore, up 16% YoY and 17.5% QoQ.
- Laminates: Revenue increased by 16.6% YoY and 8.4% QoQ, resulting in highest-ever quarterly revenue of ₹181 crs.
- MDF: Delivered 27.9% YoY and 32.4% QoQ growth, with revenue reaching ₹343 crs.
- Particle Board: Commenced commercial production and sales at the new plant.
Guidance for FY 2025-26
Century Plyboards has set the following targets for growth and EBITDA margins for fiscal year 2025-26:
- Plywood: Sales Growth of 13%+, with EBITDA margin of 12% – 14%.
- Laminates: Sales Growth of 15%-17% (Consol), targeting high single-digit EBITDA by the end of the year.
- MDF: Sales Growth of 25% (Consol), with EBITDA margin of 15% (Consol).
- Particle Board: Sales Growth of 40%, aiming for a steady-state margin of 15%.
Financial Position
As of September 30, 2025, key balance sheet items include:
- Net Worth: ₹2,503.97 Crores
- Total Debt: ₹640.61 Crores
- Fixed Assets: ₹1,572.48 Crores
Source: BSE
