Rushil Decor Q4 & FY26 Results: Revenue ₹2,309 Cr, PAT ₹101 Cr
Rushil Decor reported FY2026 consolidated revenue of ₹8,622 million and PAT of ₹64 million. Q4 FY26 revenue was ₹2,309 million with PAT at ₹101 million. The company faced challenges including a fire incident and cost pressures. Price hikes of 15% for MDF and 10% for Laminates were implemented from April 1, 2026. The Net Debt-to-Equity ratio improved to 0.39x.
The substantial decrease in PAT for the full year and the acknowledgment of operational challenges indicate a moderate negative impact on the company's financial standing. However, the strategic initiatives and planned price increases suggest efforts to mitigate these impacts and aim for recovery, preventing a 'HIGH' impact rating.
The results show a significant drop in PAT for FY2026, indicating a negative financial performance. However, the company is taking steps like price hikes and focusing on future growth strategies, which introduces a neutral element. The overall sentiment is balanced between the reported decline and forward-looking plans.
Rushil Decor Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company presented an investor presentation detailing these results and other highlights.
For the fourth quarter of FY2026, Rushil Decor reported consolidated revenue of ₹2,309 million and Profit After Tax (PAT) of ₹101 million, with a PAT margin of 4.4%. EBITDA stood at ₹286 million, and the EBITDA margin was 12.4% for the quarter. The company also added 20 direct distributors and 45 retail dealers during this period.
For the full fiscal year 2026, consolidated revenue was ₹8,622 million, a decrease of 4.0% compared to the previous year. EBITDA for FY2026 was ₹801 million, down 22.6% year-on-year, with an EBITDA margin of 9.3%. The Profit After Tax for the full year was ₹64 million, a significant decrease of 86.7% compared to FY2025, resulting in a PAT margin of 0.7%.
The company's Managing Director, Mr. Rushil K. Thakkar, acknowledged that FY2026 was challenging due to external and operational disruptions, including a fire incident at the Andhra Pradesh MDF facility, volatile raw material costs, and global geopolitical uncertainties. Despite these challenges, the company focused on operational stability and strengthening its product portfolio.
The Laminates business showed resilience, with revenue increasing 6.1% year-on-year to ₹2,111 million in FY2026, supported by domestic demand and improved export realizations. The MDF business reported revenue of ₹6,091 million in FY2026. The company implemented price increases effective April 1, 2026, with a hike of about 15% in MDF and about 10% in Laminates to counter inflationary pressures.
Looking ahead, Rushil Decor aims to improve capacity utilization, scale the Jumbo Laminates business, increase the share of value-added products, and undertake cost optimization initiatives to enhance profitability. The company also reported that its Net Debt-to-Equity ratio improved to 0.39x in FY2026 from 0.53x in FY2024.
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Rushil Decor Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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