Q1 2026 Century Plyboards (India) Ltd Earnings Call Transcript
Key Points
- Century Plyboards (India) Ltd (BOM:532548) reported a consolidated revenue growth of 16.3% year-over-year, demonstrating strong business resilience.
- The plywood segment achieved a 15.3% year-over-year growth in top line, supported by strong volume growth and an impressive EBITDA margin of 13.8%.
- The MDF business showed significant improvement with a 23.7% year-over-year revenue growth and an EBITDA margin of 14.3%, reflecting better capacity utilization and cost optimization.
- The company successfully reduced its working capital cycle from 76 days to 71 days, primarily through better management of raw material inventory.
- Century Plyboards (India) Ltd (BOM:532548) is focusing on strategic cost-saving interventions and innovation across all segments to support margin expansion and long-term growth.
- The standalone EBITDA margin excluding forex impact slightly declined to 12.7% from the previous year, primarily due to higher advertising and promotional expenses.
- The particle board segment continues to face challenges with declining revenue year-over-year and margins under pressure due to elevated timber costs and pricing challenges.
- Despite improvements, the laminate segment's EBITDA margin remains relatively low at 5.9%, indicating ongoing recovery challenges.
- The company faces near-term challenges from input cost volatility and subdued real estate cycles in certain regions, impacting overall growth prospects.
- There is still some oversupply in the MDF market, which could affect pricing trends and market dynamics in the near future.
Good day ladies and gentlemen, and welcome to Century Plyboards India Limited Q1 FI26 earnings conference call. (Operator Instructions)
I now have the conference over to Mr. Weber Pachisia from SKP Securities. Thank you and over to you, sir.
Thank you. Good afternoon, ladies and gentlemen. I'm pleased to welcome you to this Q1 F 526 financial results conference call on behalf of Centuryly Boards and SKP Securities. We have with us Mr. Sanjay Agarwal, MD and CEO, along with Mr. Kesha Vajanka, Executive Director, Mrs. Nikita Bansal, Executive Director, Mr. Arun Julasara, Chief Financial Officer. Mr. Soman Watas, CEO MDF and Particleboard Business, and Mr. Vishu Goel, CEO laminates Business. We will have the opening remarks from Mr. Sanjay Aberwal followed by a Q&A session.
Thank you and over to you, Mr. Agarwal.
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