Century Plyboards reports record Q2 revenue, EBITDA

Century Plyboards (India) Limited reported its highest-ever quarterly revenue of INR1,386 crores for Q2 FY26, a 17.1% year-on-year increase, driven by strong product demand and newly commissioned capacities. Half-yearly revenue also rose 16.7% over the previous year. The company achieved a record EBITDA (excluding ForEx) of INR181.7 crores, with an EBITDA margin (excluding ForEx) improving to 13.1% from 10.3% in Q2 FY24, attributed to higher volumes and cost optimization.

Segmental performance was robust, with plywood revenue reaching an all-time high of INR760 crores, up 16% year-on-year, and laminates also achieving a record INR188 crores, growing by 16.6% year-on-year. The MDF segment saw significant growth, with revenue increasing 27.9% year-on-year to an unprecedented INR343 crores. The new particle board plant commenced commercial production and sales during the quarter.

The company's working capital cycle improved, reducing to 63 days on a stand-alone basis and 70 days at the consolidated level. Cash flows from operations improved significantly to INR269.4 crores in H1 FY26, enabling the funding of CapEx through internal accruals. Management anticipates continued growth across all segments, supported by a positive medium-term outlook for the building materials industry.