Investor Presentation

RDL/054/2026-27 Date: 04.11.2026 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400051 Mumbai - 400001 NSE EQUITY SYMBOL: RUSHIL SCRIP CODE: 533470 ISIN: INE573K01025 Dear Sir / Madam, Sub: Investor Presentation on Unaudited Standalone and Consolidated Financial Results for the Quarter ended September 30, 2026 Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of Investor Presentation on Unaudited Standalone and Consolidated Financial Results and other highlights of the Company for the Second Quarter ended September 30, 2026. The same will also be available on the website of the Company at www.rushil.com. Kindly take the same in your records and do the needful. Thanking you Yours Faithfully, For, Rushil Decor Limited Hasmukh K. Modi Company Secretary Encl: as above Rushil Decor Limited (BSE: 533470 | NSE: RUSHIL) Q2 FY2027 Earnings Presentation Business Overview One of the leading manufacturers of Laminates and MDF in India with a global footprint across 59 countries Laminates MDF PVC Decorative Surface solutions Engineered Wood Panel Solutions Waterproof Panel Solutions High Pressure Laminates manufactured using multiple Manufactured using high quality wood fibers and Engineered using PVC (Poly Vinyl Chloride) layers of kraft paper and decorative sheets under high advanced processing technology to provide technology to deliver durable, waterproof and pressure and temperature, delivering superior consistent density, smooth finish, superior sustainable panel solutions suitable for interior and durability and finish machinability and durability exterior applications Benefits Applications Benefits Applications Benefits Applications • Scratch Resistant • Residential Furniture • Smooth Surface Finish • Residential Furniture • Waterproof • Modular Kitchen • Abrasion Resistant • Commercial Furniture • Easy Machining • Commercial Furniture • Borer Proof • Bathroom Cabinets • Moisture Resistant • Table Tops • High Strength • Doors and Partitions • Fire Retardant • Wall Panelling • Low Maintenance • Wall Panelling • Moisture Resistant • Wall Panelling • High Impact Strength • Doors and Windows • Low Heat Conduction • Office Partitions • Termite Resistant • Display Cabinets • Easy Fabrication • Decorative Cladding • Wide Design Range • Cabinet Doors • Paint Friendly • Architectural Mouldings • Easy Machining • Display Boards Capacity FY2026 Capacity FY2026 Capacity FY2026 62,92,0001 Rs. 2,111 Mn 3,30,000 Rs. 6,091 Mn 5,400 Rs. 359 Mn Sheets Per Annum Revenue CBM Per Annum Revenue Tonne Per Annum Revenue Vishakhapatnam, 3 Gandhinagar, 2 Andhra Pradesh 1 Chikmagalur, Gujarat Karnataka Manufacturing Plants Manufacturing Plants Chikmagalur, Manufacturing Plant Karnataka 1. Includes Jumbo Laminates capacity of 28,00,000 sheets per annum. Capacity is calculated based on an equivalent laminate sheet thickness of 1.0 mm 2 At a Glance 32+ 6 1,200+ 59 Years of Excellence Manufacturing Facilities Designs Countries Served 700+ 4,700+ 3,000+ 3 Star Direct Distributors Retailers / Dealers Workforce Export House Financial Highlights FY2026 Revenue from Operations EBITDA CFO Net Debt to Equity Rs. 8,622 Mn Rs. 697 Mn Rs. 887 Mn 0.39x Investment Case Strong Market Position Supported by a Diversified Well Positioned to Benefit from India's Growing Branded Product Portfolio Decorative Surfaces Industry • One of India's leading manufacturers of MDF and Laminates with over • Rising urbanization, premium housing, modular furniture adoption and three decades of industry experience renovation activity continue to drive demand for MDF and Laminates • Extensive portfolio comprising MDF, Laminates, Jumbo Laminates and • Increasing preference for organized players, branded products and value- PVC products marketed under the VIR brand added solutions is creating long-term growth opportunities • Supported by a strong distribution network of 700+ distributors and • Well positioned to capitalize on structural growth across residential, 4,700+ retailers across domestic and international markets commercial and institutional segments Jumbo Laminates Expansion Building a Increasing Share of Value Added Products to Increase New Growth Engine realisations and Improve Profitability • Successfully commissioned Jumbo Laminates capacity, opening access to • Strategically focused on increasing the contribution of value added MDF premium interior, exterior facade and international markets products to enhance product mix and improve realisations • Commercial production across both phases is now operational, creating a • Targeting value added MDF products to contribute 60% of MDF revenues meaningful opportunity for volume growth and export expansion and 50% of MDF volumes in FY2027 • Building a differentiated product portfolio under VIR KLADS, VIR TOPAZ • Growing share of premium products is expected to drive margin and VIR VAULT brands expansion and strengthen profitability over the medium term Managing Director’s Message “Rushil Decor achieved its highest ever quarterly Revenue in Q2 FY27, reflecting improved performance across businesses, supported by higher sales, better operational performance and increasing contribution from the Laminates business. Consolidated Revenue from Operations increased 25.3% YoY to Rs. 2,953 million, while EBITDA grew 24.5% YoY to Rs. 280 million, with an EBITDA margin of 9.5%. Profit After Tax increased 96.6% YoY to Rs. 101 million. For H1 FY27, Revenue from Operations grew 26.4% YoY to Rs. 5,243 million, while EBITDA more than doubled to Rs. 462 million. The performance reflects the progress made in strengthening operations and scaling up newer product categories, particularly Jumbo Laminates. The Laminates business continued its growth momentum during the quarter, achieving its highest ever quarterly Revenue of Rs. 884 million in Q2 FY27, representing growth of 61.7% YoY, supported by higher domestic and export sales and an increasing contribution from Jumbo Laminates. EBITDA more than doubled to Rs. 85 million, with EBITDA margin improving to 9.6% from 7.7% in Q2 FY26. Blended realisations increased 21.7% YoY to Rs. 847 per sheet, reflecting an improved product mix. The improvement in both revenue and profitability reflects the progress made in expanding market reach and increasing the contribution from premium laminate products. The Jumbo Laminates business, in particular, gained significant momentum during the quarter, with Revenue increasing 97.3% sequentially to Rs. 217 million, while EBITDA grew 86.5% to Rs. 42 million, with an EBITDA margin of 19.4%. Total sales volume grew more than 3x sequentially, reflecting increasing customer acceptance and higher dispatches across domestic and export markets. This improvement was supported by higher capacity utilisation, which reached 41% during Q2 FY27, reflecting the gradual ramp up of operations. Following the initial period of product development, certifications and customer approvals, the business is now beginning to translate these efforts into higher sales and improved earnings contribution. Management remains focused on expanding its customer base, increasing capacity utilisation and building on this momentum in the coming quarters. The MDF business also achieved its highest ever quarterly Revenue of Rs. 1,962 million in Q2 FY27, representing a 15.8% YoY increase, while EBITDA grew 6.0% YoY to Rs. 194 million. The performance was primarily supported by strong domestic demand across retail and OEM channels, with India MDF revenue increasing 41.0% YoY. During the quarter, the Company continued to adopt a calibrated approach towards exports amid global trade uncertainties and elevated freight costs, prioritising domestic markets and undertaking no MDF exports during the Rushil K Thakkar period. Despite the absence of export sales, the b [Showing first 8,000 characters — download PDF for full document]