Latest news with #RushilDecor
Business Standard
3 days ago
- Business
- Business Standard
MDF Blended Realisation up 4.5% Y-o-Y in Q1 FY26, Laminates Blended Realisation up 5.0% Y-o-Y in Q1 FY26
VMPL Ahmedabad (Gujarat) [India], August 12: Rushil Decor Limited ("Rushil Decor" or the "Company") (BSE: 533470 | NSE: RUSHIL), one of the leading suppliers of eco-friendly sustainable MDF Boards, Laminates and Plywood, has announced its unaudited consolidated financial results for the quarter ending 30th June 2025. Financial Performance for Q1FY26: Division Revenue: Division Sales Volume: Business and operational Highlights for Q1 FY2026: -Net Debt to Shareholder Equity at 0.4x -Consolidated Basic EPS of Q1 FY2026 is Rs. (0.49) and Diluted EPS is Rs. (0.49) -Added 90 retail distributors -MDF Boards: * Reported EBITDA of Rs. (73) million with an EBITDA margin of (5.9)%. * Price realization for per CBM in export and India are Rs. 21,476 and Rs. 24,238 * Capacity utilization at 58% - Laminates: * Reported EBITDA of Rs. 45 million with an EBITDA margin of 10.2%. * Price realization for per sheet in export and India are Rs. 719 and Rs. 545 * Capacity utilization at 83% Commenting on the performance Mr. Rushil Thakkar, Managing Director said: "During the first quarter of FY2026, Rushil Decor reported consolidated Revenue from Operations of Rs. 1,792 million. The quarterly performance was impacted by an unfortunate fire incident at the Andhra Pradesh MDF manufacturing facility on 9th April. I am relieved to report that there were no fatalities or injuries. Importantly, the fire occurred outside the main manufacturing premise and did not cause any damage to the core machinery or any inventory. Production was temporarily disrupted, resulting in a negative impact on our financial results, and resumed on 14th May. The earlier announced estimate of Rs. 7 crore relates to material damage at the site. The Company has adequate insurance coverage in place, which includes both material damage and loss of profit, and is already in the process of filing the insurance claim related to the incident. The MDF business reported revenue of Rs. 1,242 million in Q1 FY2026 as compared to Rs 1,692 million in Q1 FY2025. Although the loss of production over the 43 days shut down period which also includes 8 days of planned annual maintenance shutdown, resulted in reduced revenues and volume, the MDF business rapidly normalized. While total volumes were down, blended realizations improved by 4.5% YoY, driven by pricing discipline and product mix. The Laminates business reported revenue of Rs. 445 million in Q1 FY2026 as compared to Rs. 471 million in Q1 FY2025. The decline was primarily due to lower export volumes, which were down 16.9% YoY. However, blended realizations improved by 5.0% YoY, with export market realizations rising 5.7% YoY and Indian market realisation increasing 7.3% YoY, driven by selective price adjustments and a favourable product mix. During the quarter, commercial production commenced under Phase 1 of the Jumbo Laminates facility in Gandhinagar, Gujarat, with an annual installed capacity of 1.2 million sheets (if considered as 1 mm sheet of single side decorative Laminate). However, dispatches were deferred as the Company was in the process of securing mandatory certifications required for exports to key international markets such as Europe. With the certifications now in place and the machinery aligned to the targeted product mix, the Company is on track to begin dispatches from Q2 FY2026. Building on this momentum, we are focused on starting phase 2 the Project which will add another 1.6 million sheets of capacity by Q3 FY26. On the funding side, the Company received Rs. 930.4 million out of the total Rs. 1,226.6 million through the preferential allotment. A portion of warrants was forfeited due to non-conversion by some allottees for very particular reasons. However, this has not affected the progress of the Jumbo Laminates phase 2 expansion plan. As part of long-standing commitment to sustainability, Rushil Decor has successfully planted 24 million saplings across Andhra Pradesh, including in Anakapalli, Visakhapatnam, Vizianagaram and East Godavari districts. This initiative supports environmental preservation while empowering small and marginal farmers through agroforestry integration, technical assistance and subsidy-backed eucalyptus plantation programs. Looking ahead, while Q1 FY2026 was impacted by a one-off event, we expect Q2 FY2026 to reflect significantly improved performance compared with the same quarter in the prior year. This improvement will be driven by higher capacity utilization at the Andhra Pradesh MDF plant, along with increased contribution from value-added products, increased profitability in the PVC business and full quarter of revenue from jumbo laminates Phase 1. We remain focused on disciplined execution, improving operational efficiency and enhancing long-term value for all stakeholders." About Rushil Decor Founded in 1993, Rushil Decor Limited is a prominent Indian manufacturer in the wood panel industry, specializing in MDF boards, laminates, and recently expanding into plywood through a joint venture. The company offers a diverse range of over 1,200 designs under six distinct brands, serving applications in residential and commercial furniture, wall paneling, and architectural moldings. Its products are marketed under the well-recognized "VIR" brand. Rushil Decor operates six manufacturing facilities across India, strategically located near agroforestry zones in Karnataka and Andhra Pradesh, supporting sustainable production with over 140 million trees planted to date. The company ranks third in the Indian MDF market and is one of the largest organized manufacturers in this segment. It maintains a robust distribution network with over 700 distributors and 4,675 retailers, and exports to more than 57 countries. Key investment highlights include strong financial growth, increasing focus on value-added products, expanding export reach and significant capacity additions, including a new jumbo-size laminate facility targeting global markets. For more details, please visit:
Business Standard
4 days ago
- Business
- Business Standard
Rushil Decor reports standalone net loss of Rs 13.68 crore in the June 2025 quarter
Sales decline 20.68% to Rs 177.29 crore Net loss of Rushil Decor reported to Rs 13.68 crore in the quarter ended June 2025 as against net profit of Rs 12.31 crore during the previous quarter ended June 2024. Sales declined 20.68% to Rs 177.29 crore in the quarter ended June 2025 as against Rs 223.50 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 177.29223.50 -21 OPM % -1.1311.44 - PBDT -9.8723.83 PL PBT -18.1416.49 PL NP -13.6812.31 PL
Business Standard
17-06-2025
- Business
- Business Standard
Powering Growth: Rushil Decor plans to Complete Phase 2 of its State-of-the-Art Jumbo Laminate Plant by Q3 FY26
VMPL Ahmedabad (Gujarat) [India], June 17: Rushil Decor Limited (NSE: RUSHIL, BSE: 533470), one of India's leading manufacturers of MDF boards, laminates, and plywood, has announced robust financial results for FY2025 and unveiled ambitious expansion plans to further strengthen its market leadership. The company reported a consolidated revenue of ₹8,979 million, marking a 6.4% year-on-year growth and a Profit After Tax (PAT) of ₹479 million, up 11.1% from the previous year. This performance was driven by strong export momentum, operational efficiency and a growing portfolio of value-added products. "As we step into FY2026, we are targeting consolidated revenues of around ₹11,000 million. The Phase 2 of our Jumbo Laminate manufacturing facility at Gandhinagar will lead to strengthen our product portfolio, enhance its capacity and improve its topline," said Mr. Rushil K. Thakkar, Managing Director. "Our focus remains on innovation, strategic capacity expansion and deepening our presence in both domestic and international markets." Rushil Decor is set to complete Phase 2 of its Jumbo Laminate manufacturing facility in Gandhinagar, Gujarat, by Q3 FY26. This brownfield expansion (phase 1 & 2) will add 2.8 million sheets (if considered as 1 mm sheet of single side decorative Laminate) per annum to its capacity, targeting international markets such as the USA, Europe etc. In the FY 2025-26, this 2.8 million additional capacity is expected to contribute both in terms of top and bottom line positively. Considering the installed capacity of phase 1 & 2 both together, it has a potential of additional annual revenues of around Rs. 300 Crores along with EBIDTA margin of around 11%. The plant represents Rushil Decor's broader strategy to enhance its global footprint and cater to the rising demand for high-quality, value-added laminates. The company has already secured initial export orders for 15% of Phase 1 capacity and is on track to ramp up production in the coming quarters. About Rushil Decor Limited Established in 1993, Rushil Decor Limited is a leader in the Decorative High Pressure Laminates market in India with footprints in over 56 countries. The company manufactures and distributes laminates and MDF panel boards under its flagship brand VIR. Rushil Decor's portfolio consists of an extensive range of decorative laminates for home and commercial use. The company has six state-of-the-art manufacturing facilities with an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates. Rushil Decor is an ISO 9001:2000 certified organisation with a 3 Star Export House status. The company has over 4,600 points-of-sale and over 700 distributors supporting it in the market.
Business Standard
16-05-2025
- Business
- Business Standard
FY25 Revenue from Operations Reaches Rs. 8,979 Million, an Increase of 6.4 Percent Over the Previous Year
VMPL Ahmedabad (Gujarat) [India], May 16: Rushil Decor Limited (BSE: 533470. NSE: RUSHIL), one of the leading suppliers of eco-friendly sustainable MDF Boards, Laminates and Plywood has announced its Audited financial results for the quarter and year ended 31st March, 2025. Business and operational Highlights for Q4 FY202 - Net Debt to Shareholder Equity at 0.41x - Consolidated Basic EPS of Q4 FY2025 is Rs. 0.45 and Diluted EPS is Rs. 0.42 - Added 20 retail distributors - MDF Boards: * Reported EBITDA of Rs. 181 million with an EBITDA margin of 10.7%. * Price realization for per CBM in export and India are Rs. 21,961 and Rs.24,424 * Capacity utilization optimized at 81% - Laminates: * Reported EBITDA of Rs. 45 million with an EBITDA margin of 8.5%. * Price realization for per sheet in export and India are Rs. 681 and Rs. 701 * Capacity utilization for laminates was at 83% Commenting on the performance Mr. Rushil Thakkar, Managing Director said: "As FY2025 concludes, Rushil Decor has delivered a resilient performance despite a dynamic business environment. Consolidated revenue for FY2025 was INR 8,979 million, marking a 6.4% year-on-year growth, while Profit After Tax increased by 11.1% to INR 479 million. This performance reflects our disciplined strategy execution and operational efficiency. The MDF division continued to be a key growth driver, with revenue of INR 6,637 million, supported by a strong 42.8% year-on-year increase in export sales. Growing acceptance of our MDF products in international markets has further strengthened our global presence, leading to a 32.4% year-on-year increase in export volumes. Furthermore, our continued focus on value-added products remains central to our strategy for long-term margin improvement. The Laminates division also delivered a stable performance, recording revenue of Rs 1,989 million, driven by steady export demand. Commercial production at the Jumbo Laminates facility in Gandhinagar commenced in the month of April, 2025 under Phase 1, with an initial installed capacity of 1.2 million sheets per annum. We have already secured initial orders for exports accounting for 15% of this capacity, marking a promising start for the new facility. Furthermore, we are on track to commence the phase 2 production by the month of October this year. Despite the increase in industry MDF capacity from 2.3 million CBM to 3.5 to 4 million CBM over the past two years, we have maintained our market share, supported by strong brand recall and a customer-focused approach. Our distribution network continued to grow with the addition of new distributors and retailers throughout the year, further improving our market reach. We also closed FY2025 with a healthy net debt-to-equity ratio of 0.41x, reflecting our focus on maintaining a strong and stable financial position. As we look ahead to FY2026, we are aiming to cross Rs. 11,000 million in consolidated revenues. Additionally, we are committed to capitalizing on emerging opportunities across domestic and international markets, backed by focused execution, strategic capacity augmentation and customer-led innovation." About Rushil Decor Founded in 1993, Rushil Decor Limited is a globally leading company in modern interior infrastructure and eco-friendly composite wood panels. The company excels in setting industry benchmarks through innovative designs and advanced technology. Operating six cutting-edge manufacturing plants, Rushil Decor has an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates, serving customers in over 56 countries. The company's product range includes VIR Laminates, VIR MDF boards, VIR MAXPRO (HDFWR) boards, VIR Pre-laminated Decorative MDF/HDFWR boards, VIR Modala Ply, VIR PVC and VIR WPC boards/doors. Rushil Decor's commitment to quality, design excellence and customer-centricity distinguishes it in the market. Driven automated plants, world class German technologies and global standards, Rushil Decor relentlessly creates smarter spaces. The company ensures optimal supply chain efficiencies and resource utilization. Strategic local plantations further enhance cost advantages in raw material sourcing, allowing Rushil Decor to meet global market demand effectively and sustainably. For more details, please visit: Hiren Padhya Chief Financial Officer Rushil Decor Limited Rajiv Pandya / Abhishek Dakoria Churchgate Partners +91 22 6169 5988 rushil@ Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward- looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
Yahoo
16-05-2025
- Business
- Yahoo
Rushil Decor Ltd (BOM:533470) Q4 2025 Earnings Call Highlights: Strong Export Growth Amidst ...
Release Date: May 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rushil Decor Ltd (BOM:533470) reported a strong growth in exports, with export revenue increasing by 52.8% year over year. The company achieved a 9.6% increase in total revenue from the MDF business quarter over quarter. The laminate business saw a 9.1% increase in revenue quarter over quarter, with a 5.9% growth year over year. Phase one of a new facility began commercial production in April 2025, with encouraging market response. The company is targeting a revenue of INR 11,000 million for the financial year 2026, indicating a positive growth outlook. Revenue from operations for Q4 2025 declined by 1.2% year over year. Gross profit margin decreased to 43.8% due to increased timber prices. The EBITDA margin for the MDF segment was 10.7%, reflecting challenges in the domestic market. The company faced a fire incident that impacted operations, although recovery measures are in place. There is a competitive intensity in the plywood business, with some players exiting due to losses. Warning! GuruFocus has detected 2 Warning Sign with BOM:533470. Q: For the new fiscal year 2026, how will the new capacity coming online enhance your revenue and profitability, and what is the outlook for exports? A: We are targeting new markets like America, Australia, New Zealand, and Europe with specific high-margin products. We aim for approximately ?90 crore in exports this financial year with an EBITDA margin of 14-16%. Overall, we target ?1,100 crore in revenue, with a 10% growth in the laminate plant and positive EBITDA margins from our PVC unit. Our plywood joint venture aims for ?15-18 crore in revenue. Across the group, we expect an EBITDA margin of 12-14%. Unidentified Executive Q: Could you provide more details on the joint venture for entering the plywood business? A: We have been in this business for a while to ensure our distributors and retail network have a complete product basket. Last year, we focused on quality and market delivery, but this year we aim for ?15 crore in sales with a 5-8% margin. Unidentified Executive Q: How do you see the competitive intensity in the plywood business, especially with recent regulatory changes? A: The organized players should gain market share due to new guidelines. We have a different business model with over 100 studios and 4,000+ dealers and distributors, which helps us push plywood sales. We focus on premium plywood versions and are not into commercial plywood. Unidentified Executive Q: What is the outlook for the MDF business, and are there any plans for price changes? A: Demand is normalizing, and some players have taken a 2-5% price cut. We see opportunities in value-added business due to BIS standards, with local OEMs shifting from imports to local players. We don't plan any price hikes but may withdraw some market schemes. Unidentified Executive Q: How do you see the impact of tariffs on jumbo laminate exports to the US, and what are the plans for risk management after the fire incident? A: Tariffs are not expected to impact sales significantly as India dominates the HPL market. We are prepared to shift focus if needed. Regarding the fire incident, we have adequate insurance and have implemented risk mitigation measures to prevent future occurrences. Unidentified Executive For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
