Duroply Industries Ltd — Updates, 11-08-2025: Company Update

Duroply Industries reported Q1 FY26 revenue of 93.5 Cr, up 10.3% year-on-year, but down 15% quarter-on-quarter. Profit before tax rose nearly 50% YoY to 1.88 Cr. Despite a challenging demand environment, especially for premium products due to regional market issues, profitability improved from better operating leverage. Gross margin was 34.1%, with EBITDA margin at 5.8%. The company focuses on an asset-light model, enhancing sales force productivity through digitization, and targets 6.5-7% EBITDA margin by FY27 and 9-12% ROCE by FY26. Cash conversion cycle increased due to strategic improvements in supplier payment terms.