Analysts/Institutional Investor Meet/Con. Call Updates

7th November, 2026 BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (E) Mumbai- 400 001 Mumbai- 400 051 Scrip Code: 532548 Scrip Name- Centuryply Dear Sir(s)/ Madam(s) Sub: Transcript of the conference call for Unaudited Financial Results for the Quarter and half year ended 30th September, 2026 In terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we forward herewith the transcript of the conference call with Investors and analysts held on Thursday, 5th November, 2026 in respect of Unaudited Financial Results for the Quarter and half year ended 30th September, 2026. This is for your information and record. Thanking you, Yours faithfully, For Century Plyboards (India) Ltd. Company Secretary “Century Plyboards India Limited Q2 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. SANJAY AGARWAL – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – CENTURY PLYBOARDS INDIA LIMITED MR. KESHAV BHAJANKA – EXECUTIVE DIRECTOR – CENTURY PLYBOARDS INDIA LIMITED MRS. NIKITA BANSAL – EXECUTIVE DIRECTOR – CENTURY PLYBOARDS INDIA LIMITED MR. ARUN JULASARIA – CHIEF FINANCIAL OFFICER – CENTURY PLYBOARDS INDIA LIMITED MR. SUMANT WATTAS – CHIEF EXECUTIVE OFFICER, MDF AND PARTICLE BOARD – CENTURY PLYBOARDS INDIA LIMITED MR. VISHU GOEL – CHIEF EXECUTIVE OFFICER, LAMINATES – CENTURY PLYBOARDS INDIA LIMITED MODERATOR: MR. NAVIN AGRAWAL – SKP SECURITIES LIMITED Page 1 of 12 Century Plyboards India Limited November 05, 2026 Moderator: Ladies and gentlemen, welcome to Century Plyboards India Limited's Q2 FY27 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the management's opening remarks. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Navin Agrawal, Head Institutional Equities, SKP Securities Limited. Thank you, and over to you, sir. Navin Agrawal: Good afternoon, ladies and gentlemen. I am pleased to welcome you to this financial results conference call on behalf of Century Plyboards and SKP Securities. We have with us Mr. Sanjay Agarwal, MD and CEO, Mr. Keshav Bhajanka, Executive Director, Mrs. Nikita Bansal, Executive Director, along with Mr. Arun Julasaria, CFO, Mr. Sumant Wattas, CEO, MDF and Particle Board, and Mr. Vishu Goel, CEO, Laminates. We will have the opening remarks from Mr. Sanjay Agarwal, followed by Q&A session. Thank you, and over to you, Sanjay Ji. Sanjay Agarwal: Thank you, Navin. Thank you. Good afternoon, everyone, and a very warm welcome to Century Plyboards Q2 FY26-FY27 earnings conference call. Before we begin, I would like to remind you that today's discussion may contain forward-looking statements that are subject to risks and uncertainties. These statements should not be regarded as guarantees of future performance. I would encourage all participants to refer to the detailed financial disclosures and the investor presentation available on the stock exchange websites. I am pleased to share that Century Plyboards has delivered another strong quarter marked by robust growth and improved profitability. We achieved our highest-ever quarterly consolidated revenue of INR1,780 crores, registering year-on-year growth of 28.5%. EBITDA, excluding forex losses, stood at INR232.3 crores, translating into a margin of 13.1%, compared with INR181.6 crores in the corresponding quarter of the previous year. PAT increased by 46% year- on- year to INR103.6 crores, compared to INR70.9 crores in the same quarter last year. Let me now take you through the performance and key development across our businesses. Plywood business. We continue to strengthen our plywood business through capacity expansion as well as focused brand-building initiatives. Our 60,000 CBM per annum greenfield plywood plant at Hoshiarpur had commenced its operation in Q3 FY27. The brownfield expansions at our Guwahati and Kandla plant are progressing as planned, with the enhanced production expected to commence from July 27. We have also received the letter of allotment from the Government of Uttar Pradesh for the acquisition of land for our proposed project in the state. During the quarter, we launched a new campaign featuring Aamir Khan to promote Total Cover Guarantee, TCG. This is India's first comprehensive plywood warranty, extending protection beyond the plywood itself to the customer's overall furniture investment. Available on our premium Club Prime and Page 2 of 12 Century Plyboards India Limited November 05, 2026 Architect Ply ranges, the warranty provides 10-year coverage against specified manufacturing defects and includes reimbursement of eligible costs relating to plywood, laminates, veneers, adhesives, labor, and transportation. Unlike conventional warranties that generally focus on replacing defective plywood. Total Cover is designed to address eligible furniture restoration costs rising from an approved defect. This initiative reinforces Century Ply's commitment to product quality, customer confidence, and differentiated after-sales service. On the financial front, the plywood business recorded revenue growth of 28.6% year-on-year and 14% sequentially. EBITDA margin stood at 15.7%, reflecting the strength of our operating performance and positioning us among the leading player in the industry. Laminate business. The laminate business sustained the momentum built in the previous quarter and delivered another strong performance. Revenue grew by 20.6% year-on-year, while EBITDA margin improved to 11.6%, supported by a better product mix, improved capacity utilization, and operational efficiency. We witnessed good acceptance of the new catalog, reflected in volume growth during the quarter. Capacity enhancement at both units, including the commissioning of new press at Vardhaman for larger format laminates, has increased production capacity and supported gross margin improvement through better efficiency and product mix. On exports, customer addition in new geographies have contributed to volume growth, with larger format products gaining acceptance. MDF business. Our MDF business demonstrated resilience in a challenging and highly competitive market environment, delivering growth on both sequential and year-on-year basis. Revenue increased by 13.6% sequentially and 10.5% year-on-year. EBITDA margin, excluding forex losses, improved sequentially to 8.9%. Particle board business. Our Particle Board business crossed the quarterly revenue milestone of INR100 crores for the first time. Revenue increased by 16.8% sequentially and 211% year-on-year, reflecting higher capacity utilization and growing acceptance of our product among furniture manufacturers and OEM customers. EBITDA margin, excluding forex losses, improved to 7.4% from 3.7% in the previous quarter. Logistic business. Our port and logistic business also performed well. The logistics segment reported revenue of INR58.8 crores, registering year-on-year growth of 72.7%, and is already nearing EBITDA breakeven in only its second quarter of operation. We believe this business has the potential to emerge as an additional growth driver for the company over the coming year. Financial overview. From the financial perspective, the quarter reflects an improvement in profitability and returns. ROE increased from 13.1% in FY26 to 16.6% in Q2 FY27, while return on capital employed, ROCE, improved from 13.4%- 16.67%. The improvement in this returns ratio reflects the benefit of our strategy of sweating the assets created over the past few years. Page 3 of 12 Century Plyboards India Limited November 05, 2026 As utilization level across our manufacturing facilities improve, we are beginning to [Showing first 8,000 characters — download PDF for full document]