Century Plyboards (India) Limited — PPTs, 12-11-2025: Investor Presentation

Century Plyboards delivered a strong performance with record consolidated quarterly revenue of 1,386 Cr, up 17.1% year-on-year (YoY). Half-year revenue also grew 16.7%. Consolidated EBITDA (ex-forex) hit a new high of 181.7 Cr, with margins improving to 13.1% from 10.3% last year, driven by cost optimization and higher capacity utilization. Operating cash flow for the half-year impressively increased to 269.4 Cr.

All core segments showed robust growth: Plywood revenue was up 16% YoY to 760 Cr, Laminates increased 16.6% YoY to 181 Cr (both segment highs), and MDF surged 27.9% YoY to 343 Cr. The company improved its consolidated working capital cycle to 70 days from 84 days, demonstrating a strong focus on efficiency.

In recent developments, the Particle Board segment commenced commercial production and sales at its new plant, with performance set to improve as utilization rises.

Management is bullish on future prospects, providing FY25-26 sales growth guidance: Plywood above 13%, Laminates 15-17%, MDF 25%, and Particle Board 40%. They project solid EBITDA margins of 12-14% for Plywood and 15% for MDF.