Q1 2026 Rushil Decor Ltd Earnings Call Transcript
Key Points
- Despite a fire incident at the Andhra Pradesh facility, there were no injuries or damage to core manufacturing assets, and production resumed by mid-May.
- Blended utilization in the MDF business improved by 4.5% year over year, supported by disciplined pricing and an improved product mix.
- The company has initiated an insurance claim for the fire incident, covering both material loss and loss of profit.
- Phase 1 of the Jumbo laminate facility in Gandhinagar began commercial production, with Phase 2 expected to be operational by October 2025.
- Rushil Decor Ltd (BOM:533470) continues its sustainability efforts, having planted over 24 million saplings in Andhra Pradesh and Karnataka.
- The fire incident led to a temporary shutdown, significantly impacting revenue, volumes, capacity utilization, and overall profitability for the quarter.
- MDF business revenue declined by 26.6% year over year, with volumes down nearly 30% due to the temporary shutdown and reduced exports.
- The company reported a negative EBITDA for the quarter, with a significant impact from a ForEx loss of INR5.7 crores.
- Laminate business revenue declined by 5.6% year over year, primarily due to a 16.9% drop in export volumes.
- The company's EBITDA margin guidance for the current financial year is lower than previous years, with expectations of 11% to 12%, down from historical levels of 15% to 18%.
Ladies and gentlemen, good day, and welcome to the Rushil Decor Limited Q1 FY26 earnings conference call hosted by Asian Market Securities Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Karan Bhatelia. Thank you, and over to you.
Thank you, Anushka. A very good afternoon, and welcome all Rushil Decor's first quarter FY26 conference call hosted by Asian Market Securities. From the management side, we have Mr. Rushil Thakkar, Executive Director; Keyur Gajja, CEO; and Hiren Padhya, CFO.
I now hand over the call to Rushil bhai for his opening remarks, post which we can open the floor for Q&A. Thank you, and over to you, sir.
Good afternoon, ladies and gentlemen. Welcome to Decor Limited's earning conference call for the first quarter ended 30 June 2025. I would like to
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