Rushil Decor Limited — Updates, 28-01-2025: Press Release

Rushil Decor Limited reported revenue from operations of Rs. 2,117 million for Q3 FY25, slightly down by 0.7% year-on-year but reflecting a decrease of 8.1% from the previous quarter. Notably, MDF export sales volume surged by 38.2% year-on-year, while laminate export sales increased by 13.8%. The company's gross profit margin remained robust at 48.0%.

In terms of business performance, the MDF division demonstrated resilience with a total revenue of Rs. 4,949 million for 9M FY25, up 8.9% year-on-year. The company's solid operational efficiency is showcased with a capacity utilization rate of 91% for its AP MDF plant. Mr. Rushil Thakkar, Managing Director, highlighted the strategic focus on export markets, with initiatives underway to enhance global presence.

Investors should note the ongoing Jumbo Laminates expansion project in Gandhinagar, set to commence operations by the end of Q4 FY25, targeting the growing demand in key export markets like the USA and Europe. Overall, the outlook appears positive as the company continues to optimize operations and leverage export opportunities to drive growth.