Century Plyboards reports 46% Q2 FY27 profit growth

Century Plyboards (India) Ltd reported a 46% year-on-year increase in consolidated profit after tax to ₹103.6 crore in Q2 FY27, supported by record quarterly revenue of ₹1,780 crore, up 28.5% from the corresponding quarter a year earlier. The results reflected growth across plywood, MDF, laminates, particle board, and logistics operations.

What did Century Plyboards report for Q2 FY27?

Century Plyboards reported its highest-ever quarterly consolidated revenue in the quarter ended 30 September 2026. Revenue from operations stood at ₹1,780.04 crore, compared with ₹1,385.53 crore in Q2 FY26. Consolidated profit after tax rose to ₹103.63 crore from ₹70.94 crore, while profit before tax increased to ₹141.21 crore from ₹97.87 crore.

Management said EBITDA excluding forex losses was ₹232.3 crore, compared with ₹181.6 crore in the previous-year quarter. The corresponding EBITDA margin was 13.1%. The company also reported an improvement in return ratios, with return on equity rising from 13.1% in FY26 to 16.6% in Q2 FY27, and return on capital employed increasing from 13.4% to 16.67%.

Which businesses drove Century Plyboards' revenue growth?

Century Plyboards' plywood business led the quarter, with revenue increasing 28.6% to ₹982 crore. The company said plywood volume grew by more than 20% year on year. This made plywood the largest disclosed contributor to the company's record quarterly revenue.

The MDF business reported its highest-ever quarterly revenue of ₹380 crore, with volume growth of more than 11% year on year. Laminates revenue rose 20.6%, while particle board revenue crossed ₹100 crore after increasing 211%. The port and logistics business reported 72.7% growth, adding to the broad-based expansion across the company's operating segments.

Executive Director Keshav Bhajanka said all major categories performed well during the quarter. He identified strong volume growth as a key feature of the period, including in plywood and MDF. The reported figures indicate that the revenue increase was not confined to one product category.

How did higher costs affect Century Plyboards' profitability?

Century Plyboards' total expenses rose 27.24% year on year to ₹1,640.92 crore in Q2 FY27. The cost of materials consumed increased 45.33% from the year-earlier quarter, showing that input-cost pressure remained a material operating factor even as revenue and profit increased.

Management said the company introduced price increases across different categories during the quarter because of raw-material cost inflation. Bhajanka said the company had passed on, or sought to pass on, the majority of this inflation through higher prices. The disclosed EBITDA margin of 13.1%, excluding forex losses, provides the relevant measure of operating profitability cited by management.

The faster rise in profit after tax than in revenue, based on the reported year-on-year rates of 46% and 28.5% respectively, coincided with the company's stated focus on operating efficiency and capital returns. However, the company did not provide a separate segment-wise margin breakdown in the material provided.

What was discussed in the Q2 FY27 investor call?

Century Plyboards held its investor and analyst conference call on 5 November 2026 at 2:00 pm IST to discuss unaudited results for Q2 and the first half of FY27. The call included Sanjay Agarwal, Managing Director and Chief Executive Officer, Keshav Bhajanka, Executive Director, Nikita Bansal, Executive Director, Chief Financial Officer Arun Jullasaria, and business heads for MDF, particle board and laminates.

The company subsequently informed exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 that the audio recording of the call was available on its website. The disclosure relates to the call conducted for results for the quarter and half year ended 30 September 2026.

During the discussion, management also referred to plans to incorporate a subsidiary in Singapore on lines similar to its Netherlands entity. The Netherlands warehouse supports distribution of compact laminate in Europe, according to management. No financial investment amount, incorporation date, or revenue target for the proposed Singapore subsidiary was disclosed in the provided material.

Why do Century Plyboards' Q2 results matter to investors?

Century Plyboards' Q2 FY27 performance matters because it combined record revenue with higher profit and improved capital-efficiency ratios. Revenue growth extended across core wood-panel and allied businesses, while particle board and logistics reported particularly high reported growth rates. The company also maintained a stated 13.1% EBITDA margin excluding forex losses despite higher material costs.

For investors, the disclosures highlight the importance of tracking whether volume growth, price increases and input costs continue to support profitability in future periods. Plywood remained the biggest disclosed business by revenue at ₹982 crore, while MDF contributed ₹380 crore and particle board moved above ₹100 crore in quarterly revenue.

The half-year financial results were approved as unaudited results for the period ended 30 September 2026, with unmodified review conclusions from the auditors, according to the earnings summary. The company reported H1 FY27 consolidated revenue of ₹3,341.43 crore and net profit of ₹186.93 crore. These figures provide the broader six-month context for the quarterly result.

Conclusion

Century Plyboards delivered record Q2 FY27 revenue of ₹1,780 crore and consolidated profit after tax of ₹103.63 crore, representing year-on-year growth of 28.5% and 46%, respectively. Broad segment growth, improved ROCE and ROE, and pricing actions to address raw-material inflation were the central points in management's reported commentary.

The next disclosed item for investors is the company's available audio recording of the 5 November 2026 earnings call, which includes management discussion of quarterly and half-year performance. Investors can also watch for further details on the proposed Singapore subsidiary, including its incorporation and operational scope, as none were specified in the disclosed material.