Century Plyboards Reports Highest-Ever Q2 FY26 Revenue and EBITDA, Strong Growth Across Segments
Century Plyboards reported record Q2 FY26 revenue of ₹1,386 crores and strong EBITDA growth, driven by all segments. Strategic initiatives, including capacity expansion and premium product focus, are expected to sustain momentum despite temporary raw material pressures.
Record financial performance, improved margins, positive future outlook, and ongoing strategic capacity expansions across segments are significant indicators of strong business health and are likely to have a high impact on investor perception and stock performance.
The company achieved its highest-ever quarterly revenue and EBITDA, with strong growth across all key segments. Management expressed confidence in sustained growth and a positive industry outlook, indicating robust performance and future prospects.
Century Plyboards (India) Limited announced its unaudited financial results for the quarter and half year ended 30th September, 2025, during a conference call held on 13th November, 2025. Key highlights include: * Consolidated Performance: The company achieved its highest-ever quarterly revenue of ₹1,386 crores, marking a 17.1% year-on-year growth. Half-yearly (H1) revenue increased by 16.7% over the same period last year. Consolidated EBITDA (excluding ForEx) reached its highest-ever at ₹181.7 crores, with the EBITDA margin improving to 13.1% from 10.3% in Q2 FY24. The working capital cycle also improved, reducing to 63 days on a standalone basis and 70 days on a consolidated basis. * Segmental Performance: * Plywood: Achieved its highest-ever quarterly revenue of ₹760 crores, growing 16% year-on-year, with an EBITDA margin of 14.2%. * Laminate: Recorded its highest-ever quarterly revenue of ₹188 crores, up 16.6% year-on-year. EBITDA margin expanded to 9.5%, driven by a focus on premium product mix and internal efficiency. * MDF: Delivered robust growth with its highest-ever quarterly revenue of ₹343 crores, an increase of 27.9% year-on-year. EBITDA margin stood at 13.6%, experiencing temporary pressure from wood and chemical costs. Current plant utilization is around 80-85%, with a line extension planned for the South plant in H1 FY27 to boost capacity by 25%. * Particle Board: The new plant commenced commercial production and sales, with the board quality receiving positive market feedback. EBITDA for this segment remains under pressure due to higher fixed costs during the ramp-up phase. * Management Outlook: Management expressed confidence in sustaining growth momentum across all segments, citing a positive medium-term outlook for the building material industry due to urbanization and increased consumer preference for branded products. The company is committed to investments in brand building, technology, and distribution. Cash flows from operations improved significantly to ₹269.4 crores in H1. A new plywood factory in Hoshiarpur is under construction, expected to be operational in about a year. Quality assurance orders have also significantly reduced imports, benefiting domestic players.
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See the model portfoliosA plain-language summary of a public exchange filing by Century Plyboards (India) Limited. Read the original for the full detail.