Rushil Decor posted Q4 revenue of ₹230.7 Cr, edging up QoQ but down 1.2% YoY, with gross margin contracting to 43.8% due to timber cost pressures and a lower value-added mix. PAT surged 40% YoY to ₹12.6 Cr (5.5% margin). MDF revenue rose 9.6% QoQ to ₹168.8 Cr, exports jumped 52.8% YoY, and value-added products aim for 50% of volumes. Laminates revenue grew 9.1% QoQ to ₹53 Cr; jumbo laminate capacity began commercial production with 15% booked. FY26 targets ₹1,100 Cr revenue and 12-14% EBITDA margin, led by exports, new products, and efficiencies. Debt reduction continues, with net debt/equity near 0.35x. Management confident on timber price stability and margin improvement as export presence grows in premium markets.