Q3 2026 Rushil Decor Ltd Earnings Call Transcript
Key Points
- Rushil Decor Ltd (BOM:533470) reported strong growth in its laminate business, with revenues increasing by 20.4% year on year in Q3 FY26.
- The company achieved a significant milestone with the commencement of commercial production in the jumbo laminate business under phase 2, enhancing its operational capacity.
- Domestic laminate volumes recorded healthy growth, and export realizations grew by 24% year over year, driven by a higher share of value-added products.
- The company expanded its distribution network by adding 11 new direct distributors and over 26 retailers and dealers in the PVC segment.
- Rushil Decor Ltd (BOM:533470) maintained a strong capacity utilization rate of over 93% in its laminate business, indicating efficient operations.
- The company faced seasonally softer demand in Q3 FY26 due to the festive period, impacting overall growth.
- Rising prices, although eased marginally, remained above normalized levels, resulting in cost pressures.
- Export volumes in the MDF segment declined due to a strategic focus on domestic markets and pricing discipline.
- The MDF segment's capacity utilization was lower at 79%, and margins decreased from 15% to about 10%-11% due to competitive pressures.
- The jumbo laminate business faced delays in achieving expected utilization rates and revenue contributions, with current utilization at only 20%-25%.
Ladies and gentlemen, good day and welcome.
To the Q3 FY26 earnings conference call of Rushil Decor hosted by Asian Market Securities Private Limited.
(Operator Instructions)
I now hand the conference over to Mr. Karan Bhatelia from Asian Markets Securities.
Thank you and over to you, sir.
Thanks to you. On behalf of Asian Market Securities, we welcome you all to Rushil Decor Third quarter and nine-month FY26 investor Conference call from the management side we have Mr. Rushil K. Thakkar, Executive Director, and Mr. Hiren Padhya, CFO. I would, like to call Rushil Bai for his opening remarks.
Post which we shall begin the queue for question-and-answer.
Over to you Rushil Bai
Thank you.
Good afternoon, ladies and gentlemen.
Welcome to Rushil Décor Limited earnings conference call for the Third quarter and nine months ended 31, December
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