Rushil Decor reports Q2 growth, H1 recovery despite fire impact

Rushil Decor Limited announced a consolidated revenue of Rs. 2,356 million for Q2 FY2026, marking a 2.3% year-on-year increase. H1 FY2026 revenue reached Rs. 4,148 million. The company's MDF division contributed Rs. 1,695 million to Q2 revenue, experiencing a 5.2% domestic sales growth. EBITDA for Q2 FY2026 stood at Rs. 225 million, while H1 FY2026 EBITDA was Rs. 203 million, impacted by a fire incident at the Andhra Pradesh MDF facility.

The Laminates division reported Q2 FY2026 revenue of Rs. 547 million, an 8.9% year-on-year increase, driven by strong domestic demand and higher export realizations. The company also announced the commencement of trial production for Phase 2 of its Jumbo Laminates project in Gandhinagar, aiming to expand capacity and cater to global demand.

Rushil Decor continues its focus on deleveraging, with the Net Debt-to-Equity ratio improving from 1.10x in FY23 to 0.42x in H1 FY26. The company secured export orders from countries including Russia, UAE, Israel, Qatar, Saudi Arabia, and Slovakia for its expanded Jumbo Laminates.