FY2025 Highlights
- MDF Division: Revenue of ₹6,637 million, with export
volumes up 32.4% YoY - Laminates Division: Revenue of ₹1,989 million, with
steady export demand - Net Debt-to-Equity: Improved to 0.41x,
reflecting strong financial discipline - Capacity Utilization: 87% for MDF and 86% for
Laminates
Ahmedabad, India –
June 17, 2025 : Rushil
Décor Limited (NSE: RUSHIL, BSE: 533470), one of India’s leading
manufacturers of MDF boards, laminates, and plywood, has announced robust
financial results for FY2025 and unveiled ambitious expansion plans to further
strengthen its market leadership.
The company reported
a consolidated revenue of ₹8,979 million, marking a 6.4%
year-on-year growth and a Profit After Tax (PAT) of ₹479
million, up 11.1% from the previous year. This performance
was driven by strong export momentum, operational efficiency and a growing
portfolio of value-added products.
“As we step into
FY2026, we are targeting consolidated revenues of around ₹11,000 million. The
Phase 2 of our Jumbo Laminate manufacturing facility at Gandhinagar will lead
to strengthen our product portfolio, enhance its capacity and improve its
topline,” said Mr. Rushil K. Thakkar, Managing Director. “Our focus
remains on innovation, strategic capacity expansion and deepening our presence
in both domestic and international markets.”
Rushil Décor is set to
complete Phase 2 of its Jumbo Laminate manufacturing facility in
Gandhinagar, Gujarat, by Q3 FY26. This brownfield expansion (phase 1 &
2) will add 2.8 million sheets (if considered as 1 mm sheet of single
side decorative Laminate) per annum to its capacity, targeting
international markets such as the USA, Europe etc. In the FY 2025-26,
this 2.8 million additional capacity is expected to contribute both in terms of
top and bottom line positively.
Considering the
installed capacity of phase 1 & 2 both together, it has a potential of
additional annual revenues of around Rs. 300 Crores along with EBIDTA margin of
around 11%.
The plant represents
Rushil Décor’s broader strategy to enhance its global footprint and cater to
the rising demand for high-quality, value-added laminates. The company has
already secured initial export orders for 15% of Phase 1 capacity and is on
track to ramp up production in the coming quarters.
About Rushil Décor
Limited
Established in 1993,
Rushil Décor Limited is a leader in the Decorative High Pressure Laminates
market in India with footprints in over 56 countries. The company manufactures
and distributes laminates and MDF panel boards under its flagship brand VIR.
Rushil Décor’s portfolio consists of an extensive range of decorative laminates
for home and commercial use. The company has six state-of-the-art manufacturing
facilities with an annual capacity of 3,30,000 CBM MDF and 3.49 million
laminates. Rushil Décor is an ISO 9001:2000 certified organisation with a 3
Star Export House status. The company has over 4,600 points-of-sale and over
700 distributors supporting it in the market.