Rushil Decor Q3 Results: Domestic Laminate Volumes Surge 39% Amid Strategic Expansion
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The company has a market cap of Rs 570 crore and the stock is up by 8.77 per cent from its 52-week low of Rs 18.59 per share.
On Thursday, the shares of Rushil Decor Ltd gained 0.40 per cent to Rs 20.20 per share from its previous closing of Rs 20.12 per share. The stock’s 52-week high is Rs 33.80 per share and its 52-week low is Rs 18.59 per share. The company has a market cap of Rs 570 crore and the stock is up by 8.77 per cent from its 52-week low of Rs 18.59 per share.
Rushil Décor Limited, a prominent Indian manufacturer of MDF boards, laminates and plywood, demonstrated robust operational performance in Q3FY26, spearheaded by a significant surge in its Laminates business. Domestic sales volume for laminates jumped by 39.2 per cent year-on-year, while blended realisations improved by 16 per cent. This growth was propelled by a 55.6 per cent increase in domestic revenues and a strategic focus on the "Jumbo Laminates" portfolio, which gained substantial traction in international markets like Russia and Portugal. With capacity utilisation reaching an impressive 93 per cent, the segment reported an EBITDA of Rs 57 lakh, supported by the successful introduction of application-specific brands such as VIR KLADS and VIR TOPAZ.
The MDF Boards segment also showed strong momentum within the Indian market, recording a 31.3 per cent increase in domestic sales volume and an 8.3 per cent rise in blended realisations. Despite a calibrated reduction in export volumes, domestic MDF revenues grew by 29.4 per cent year-on-year. The company is successfully shifting its product mix toward high-margin offerings, with value-added MDF now accounting for 54 per cent of the segment's total value. This strategic pivot helped the MDF division achieve an EBITDA of Rs 17.40 crore with an 11.7 per cent margin, even as the company navigated a seasonally softer festive period and elevated resin costs.
Financially, Rushil Decor reported consolidated revenue from operations of Rs 216.50 crore for the quarter, reflecting a 2.3 per cent year-on-year growth. The company maintained a disciplined balance sheet with a Net Debt to Shareholder Equity ratio of 0.41x and achieved a consolidated EBITDA of Rs 2.31 crore. Looking forward, the company aims to further optimise its 3,30,000 CBM MDF capacity and expand its export footprint into new territories like Uzbekistan and Denmark. By focusing on design-led offerings and reaching a target of 50 per cent value-added MDF by volume by the end of FY26, Rushil Decor remains positioned for sustainable long-term growth.
About the Company
Founded in 1993, Rushil Decor Limited has established itself as a leading force in India's wood panel industry, ranking as the nation's third-largest MDF manufacturer. Operating under the well-recognised "VIR" brand, the company manages six strategic manufacturing facilities and offers a vast portfolio of over 1,200 designs through a robust network of 700+ distributors and 4,700+ retailers. Beyond its strong domestic presence, Rushil Decor is a major global player exporting to over 57 countries, fueled by a strategic shift toward value-added products and sustainable practices that have seen over 140 million trees planted to date.
Disclaimer: The article is for informational purposes only and not investment advice.