Rushil Decor shares rebounded sharply by 10% from their intraday low at ₹39 per share on Monday, November 4 after the company announced an optimistic outlook for the next financial year with a focus on the strategic deployment of its Jumbo Laminate project and its expansion in the plywood market.

The Jumbo Laminate project in Gandhinagar is a key initiative to meet the growing demand for thicker decorative laminates. Despite temporary project delays due to supply chain disruptions and weather issues, the Gandhinagar facility is on track to begin operations by Q4FY25, the company said .

This facility is expected to produce 2.8 million sheets per year, strengthening Rushil Decor’s position in the growing giant laminate market. The company conservatively estimates that the project will generate revenues of ₹60 to ₹80 crore, with an EBITDA margin of 14% to 16%. Additionally, the company estimates the project’s internal rate of return (IRR) to be between 10% and 12%, with a projected equity IRR between 14% and 16%.

Mainly targeting export marketsnotably in the United States and Europe, these giant-sized laminates mark an expansion in high-demand regions. Additionally, Rushil Decor has entered the plywood segment to offer a comprehensive range of wood panel products for the Indian market, thereby enabling cross-selling opportunities across its entire product range, as per the regulatory filing filed today by the company.

The company has an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates, serving customers in over 54 countries.

Commenting on the outlook, Managing Director Rushil Thakkar said: “With strategic expansions, the imminent launch of the Jumbo Laminate project and growing international demand, Rushil Decor is poised to deliver sustained growth and value creation over the next year. fiscal year 2026. Our focus on market-driven initiatives, expanding capabilities and promoting long-term sustainability remain at the core of our mission. »

The company’s commitment to excellence in product quality, market expansion and sustainable growth serves as the foundation of its long-term commitment to stakeholders as it pursues new growth prospects in the dynamic MDF, laminate and plywood markets, Rushil added.

Meanwhile, the company’s shares have been trading on an ex-split basis with a ratio of 1:10 since August 9, 2024.

Healthy figures in the second quarter

In the second quarter of fiscal 2025, Rushil Decor declared turnover of ₹229 crore, reflecting an annual growth of 12.6% and an increase of 7.9% in PAT at ₹12 million. Improving achievements in the MDF export markets helped the company post good numbers for the September quarter.

The MDF division continued to drive growth, posting a 14.8% revenue increase, with value-added products now contributing 54% of total MDF board revenue. During the quarter, the company also expanded its market reach by adding 65 new distributors and 105 new dealers, thereby strengthening its presence in the market.

To expand its international presence, it established a wholly owned subsidiary dedicated to laminates in Singapore, allowing it to target the Southeast Asian market more effectively.

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