Century Plyboards reported strong consolidated quarterly revenue of ₹1,350 crore, an increase of 18.4% year-over-year in Q3 FY26. The company’s EBITDA margin improved to 12.6%, driven by strong demand and effective execution. All key segments demonstrated growth, with Plywood leading at a 14.9% increase in revenue. The company aims for continued growth and EBITDA improvements in fiscal year 2026.
Financial Performance Highlights
Century Plyboards delivered a robust performance in Q3 FY26, with consolidated quarterly revenue reaching ₹1,350 crore, reflecting a growth of 18.4% compared to the same quarter last year. On a 9-month basis, revenue increased by 17.3%, propelled by strong demand across its various business segments and the successful implementation of key strategic initiatives.
The company improved its profitability, achieving an EBITDA (excluding forex) of ₹170.5 crore and an overall EBITDA (including forex) of ₹171.9 crore. The consolidated EBITDA margin (excluding forex) rose to 12.6%, compared to 10.7% in the previous year, thanks to enhanced operating leverage and sustained cost optimization efforts.
Segment Performance
Plywood
The Plywood segment achieved a quarterly revenue of ₹710 crore, a 14.9% increase year-over-year, driven by healthy volume growth and an expanded distribution network. The EBITDA margin for this segment stood at 15.1%.
Laminates
The Laminates segment demonstrated signs of recovery, achieving revenue growth of 9.6% year-over-year. The EBITDA margin improved significantly to 7.7% from 4.4% in the previous year, supported by better cost absorption and an improved product mix.
Medium Density Fiberboard (MDF)
The MDF segment delivered a strong performance with 19.1% revenue growth year-over-year, driven by increased volumes and enhanced capacity utilization. Quarterly revenue for this segment reached ₹326 crore, with an EBITDA margin of 12.1%, compared to 10.7% last year.
Particle Board
The Particle Board segment achieved its highest-ever quarterly sales of ₹65 crore, with the EBITDA reaching break-even, supported by improved capacity utilization and higher sales volumes.
Guidance for FY26
Century Plyboards has set the following growth and EBITDA targets for the fiscal year 2026:
- Plywood: Revenue growth of 13%+, EBITDA margin of 12%-14%.
- Laminates: Revenue growth of 15%-17%, with a high single-digit EBITDA margin by the end of the year.
- MDF: Revenue growth of 25%, EBITDA margin of 14%-15%.
- Particle Board: Revenue growth of 40%, with a low single-digit EBITDA margin and a steady-state margin of 15%.
Source: BSE
