Rushil Decor Posts Q1 FY27 Results: Revenue Rises 27.8% as Laminate Sales Jump 65.3%

Rushil Decor Posts Q1 FY27 Results: Revenue Rises 27.8% as Laminate Sales Jump 65.3%​

Ahmedabad, August 8, 2026 — Rushil Decor Limited, a leading supplier of eco friendly sustainable MDF and laminates, announced its unaudited standalone and consolidated financial results for the first quarter ending June 30, 2026. The company reported that Revenue from Operations reached Rs. 2,290 million, marking a 27.8% year over year increase.

The consolidated performance saw Gross Profit rise to Rs. 892 million, while EBITDA stood at Rs. 182 million, representing an EBITDA margin of 7.9%. Profit After Tax (PAT) for the quarter was reported at Rs. 20 million.

Divisional Performance Highlights​

The company's performance across its product lines showed varied trends:

• Laminates: Laminate revenue hit Rs. 736 million, reflecting a significant 65.3% year over year growth. The blended realisation for laminates stood at Rs. 836, up 29.3% year over year.
• MDF: MDF revenue was reported at Rs. 1,456 million, achieving a 17.2% increase year over year. Realisation rates for per CBM were noted as Rs. 37,023 in export and Rs. 27,736 in India.
• PVC: PVC revenue reached Rs. 96 million, showing a 13.1% growth year over year. The price realisation for PVC was reported at Rs. 1,02,145 per tonne.

Operational Metrics and Realisations​

The operational insights for the quarter, including sales volume and divisional performance metrics, are detailed below:


Operational details also included:

• Laminates Capacity: Utilization stood at 51%. Price realization for per sheet in export and India markets were reported as Rs. 842 and Rs. 825, respectively.
• MDF Capacity: Utilization was reported at 66%.
• PVC Capacity: Utilization stood at 61%, with a price realisation of Rs. 1,02,145 per tonne.

Management Commentary on Business Performance​

Mr. Rushil Thakkar, Managing Director, commented that the Q1 FY27 results reflected steady business performance, supported by normalized operations at the Andhra Pradesh MDF facility and improved contributions from the Laminates business.

The company navigated challenging operating conditions, which included elevated chemicals and other raw material prices, higher freight costs, and shipping route disruptions stemming from ongoing conflict in West Asia. Despite these factors, the Laminates division saw a significant increase in export revenues due to increasing acceptance of Jumbo Laminates internationally and an improved product mix.

In terms of market strengthening, Rushil Decor Limited expanded its international presence by entering two new export markets: Honduras and Greece. The company also strengthened its domestic distribution network by adding 15 direct distributors and 46 retailers or dealers during the quarter.

Looking ahead, management stated a continued focus on improving capacity utilization within the Jumbo Laminates business and increasing the share of value added MDF products. The company remains focused on optimizing the overall business through an improved product mix, alongside working capital improvement and debt reduction, with no major capital expenditure planned beyond maintenance capex.

RUSHIL Stock Price Movement​

Shares of Rushil Decor Limited slipped by 1.49% on Friday, settling at ₹17.82 after trading finished for the day. The equity recorded a traded volume of 712,236 shares during the session.