Century Plyboards (India) Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Revenue

Q2 FY26Particle board revenue growth of 40% for FY26Active

Management reiterated guidance of 40% revenue growth for particle board segment, implying ~₹200 crore for the year, supported by ramp-up of new plant.

Expansion

Q2 FY26MDF line extension in H1 FY27 to increase capacity by 25%Tracked

The south plant line extension will increase capacity from 5.25 lakh cubic meters to ~6 lakh cubic meters, expected in H1 of next fiscal.

Q3 FY26Plywood capacity additions in H2 FY27Tracked

Hosharpur (30,000 CBM) and Chennai (150,000 CBM) plywood expansions to be operational by Q3 FY27.

Q3 FY26MDF line extension in Q1 FY27Active

70,000 CBM capacity addition at Andhra plant via line extension to be completed in Q1 FY27.

Growth

Q2 FY26MDF capacity utilization to remain 80%+ in H2Active

Management expects MDF utilization to continue at 80%+ levels, with peak at 85% in Q2.

Q2 FY26Particle board utilization to reach 55-60% in H2Active

Current utilization at ~35% expected to ramp up to 55-60% in second half of FY26.

Margins

Q3 FY26MDF margin target of 15%+Tracked

Management expects MDF EBITDA margins to reach 15%+ as capacity utilization improves and raw material costs soften.

Q3 FY26Laminates double-digit margins next yearTracked

Laminates segment is expected to achieve double-digit EBITDA margins in FY27, up from current ~7.7%.