Century Plyboards India Limited has reported robust financial results for the first quarter of FY27, with consolidated revenue soaring to INR1,561 crores, a 33.5% increase year-on-year. The company also achieved a strong EBITDA margin of 13.0% (excluding forest losses) and saw its profit after tax grow by 57% to INR83.3 crores. This performance reflects strong execution across its plywood, laminate, MDF, and particle board businesses, driven by capacity expansions and brand initiatives.
Century Plyboards Delivers Strong Q1 FY27 Performance
Century Plyboards India Limited announced its financial results for the first quarter ended June 30, 2026, showcasing a significant leap in its financial performance. The company reported its highest-ever quarterly consolidated revenue, reaching INR1,561 crores, marking a substantial 33.5% growth compared to the same period last year. This strong top-line growth was complemented by an improved EBITDA margin of 13.0% (after excluding forest losses), and a remarkable 57% increase in profit after tax, which stood at INR83.3 crores.
Key Business Segment Highlights
Plywood Business
The plywood segment continues to strengthen through capacity expansion and focused brand-building. The new greenfield plywood plant at Hoshiarpur is slated for operations in Q3 FY27. Additionally, the Chennai brownfield expansion has increased capacity, with further growth anticipated by Q3 FY27. A successful ‘Prime Ply Day’ event and a strategic 7% price increase in April helped pass on raw material cost increases and bolster revenue by 32.4% year-on-year.
Laminate Business
The laminate business maintained strong momentum, with revenue growing by 14.7% year-on-year. EBITDA margins remained healthy at 10.2%, attributed to improved product mix, better capacity utilization, and operational efficiencies. The launch of the ‘CenturyLaminates LookBook, The Trendz Edit 2026-27’ collection received encouraging responses.
MDF and Particle Board Business
The MDF business reported healthy year-on-year performance, with revenue growing by nearly 29% despite a planned shutdown for expansion at the Andhra Pradesh facility. Capacity at this plant was increased from 700 CBM to 950 CBM per day. The particle board business saw significant growth, with revenue increasing by 29% sequentially and 155.7% year-on-year, driven by higher capacity utilization and product acceptance.
Logistics Business
The logistics business, operated by a subsidiary, strengthened during the quarter. Operations at the Khidderpore Docks terminal have stabilized and are contributing positively, with improving cargo handling volumes and customer acceptance. This segment provides revenue diversification and enhances supply chain capabilities.
Financial Overview and Future Outlook
From a financial perspective, the quarter showed improved profitability and disciplined growth, with ROE improving to 13.5% and ROCE to 14.4%. The company is focusing on driving higher utilization and improving asset productivity, aiming for sustainable returns rather than aggressive capital expenditure. With most capacity additions now operational, Century Plyboards is poised to leverage its assets for enhanced profitability and shareholder value.
Brand Initiatives and Consumer Focus
Brand building and product innovation remain key strategies. The company launched the ‘Century HDF Premium Plus’ campaign featuring Rahul Dravid and Saurabh Shukla. A significant initiative was the launch of India’s first Total Cover Assurance Program for Club Prime Plywood, offering compensation for defective plywood and related furniture costs within 10 years. This initiative underscores the company’s confidence in its product quality and commitment to customer trust.
Source: BSE
