Plywood revenue growth of 10%+ for FY26
Management reiterated guidance of 10%+ revenue growth in plywood for the full year, despite potential normalization after strong prior-year growth.
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Century Plyboards (India) · forward-looking guidance across the available source record.
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revenue
MDF revenue growth of 20% with 15% EBITDA margin
MDF segment guided for 20% revenue growth and 15% EBITDA margin for the current year, focusing on market share gains.
Laminate revenue growth of 20%+ with mid-to-high single-digit EBITDA
Laminate segment targets 20%+ revenue growth and mid-to-high single-digit EBITDA margin for FY26.
Particle board EBITDA margin of 15%+ by year three
New particle board plant expected to achieve 15%+ EBITDA margin by third year of operations; double-digit margins expected from next year.
Particle board revenue growth of 40% for FY26
Management reiterated guidance of 40% revenue growth for particle board segment, implying ~₹200 crore for the year, supported by ramp-up of new plant.
MDF line extension in H1 FY27 to increase capacity by 25%
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.
MDF capacity utilization to remain 80%+ in H2
Management expects MDF utilization to continue at 80%+ levels, with peak at 85% in Q2.
Particle board utilization to reach 55-60% in H2
Current utilization at ~35% expected to ramp up to 55-60% in second half of FY26.
MDF margin target of 15%+
Management expects MDF EBITDA margins to reach 15%+ as capacity utilization improves and raw material costs soften.
Laminates double-digit margins next year
Laminates segment is expected to achieve double-digit EBITDA margins in FY27, up from current ~7.7%.
Plywood capacity additions in H2 FY27
Hosharpur (30,000 CBM) and Chennai (150,000 CBM) plywood expansions to be operational by Q3 FY27.
MDF line extension in Q1 FY27
70,000 CBM capacity addition at Andhra plant via line extension to be completed in Q1 FY27.