Earnings call transcript attached

Date: 6th August, 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 ended 30th June, 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 Tuesday, 4th August, 2026 in respect of Unaudited Financial Results for the Quarter ended 30th June, 2026. This is for your information and record. Thanking you, Yours faithfully, For Century Plyboards (India) Ltd. Company Secretary “Century Plyboards India Limited Q1 FY27 Earnings Conference Call” August 04, 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 BUSINESS – CENTURY PLYBOARDS INDIA LIMITED MR. VISHU GOEL – CHIEF EXECUTIVE OFFICER – LAMINATES BUSINESS – CENTURY PLYBOARDS INDIA LIMITED MODERATOR: MR. NAVIN AGRAWAL – SKP SECURITIES LIMITED Page 1 of 14 Century Plyboards India Limited August 04, 2026 Moderator: Good day, ladies and gentlemen. Welcome to the Century Plyboards India Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the management opening remarks. Should you need assistance during this conference call, please signal an operator by pressing "*" then "0" on your touchtone phone. Please note that this conference is being recorded. I will now hand the conference over to Mr. Naveen Agrawal, Head Institutional Equities, SKP Securities Limited. Thank you, and over to you. Naveen Agrawal: Good afternoon, ladies and gentlemen. I am pleased to welcome you to the 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 Business; and Mr. Vishu Goel, CEO Laminates Business. We'll have the opening remarks from Mr. Sanjay Agarwal followed by a Q&A session. Thank you, and over to you, Mr. Agarwal. Sanjay Agarwal: Yes, thanks, Naveen. Good afternoon, everyone, and a very warm welcome to our Q1 FY26-27 Earnings Conference Call. Before we begin, I would like to remind everyone that today's discussion may contain forward-looking statements, which are subject to various risks and uncertainties. These statements should not be construed as guarantees of future performance, and I would encourage all participants to refer to our detailed financial disclosures and investor presentation already available on the stock exchange website. I am pleased to share that Century Plyboards has started the new financial year with another quarter of strong execution. We delivered our highest-ever quarterly consolidated revenue of INR1,561 crores, representing a robust 33.5% year-on-year growth. Our EBITDA margin excluding forest losses improved to 13.0%, while profit after tax increased by 57% year-on-year to INR83.3 crores. Now I will speak on individual businesses. The company continues to strengthen its plywood business through both capacity expansion and brand-building initiatives. The 60,000 CBM per annum greenfield plywood plant at Hoshiarpur is expected to commence operations in Q3 FY27, while the Chennai brownfield expansion has increased capacity from 8,000 CBM per month in Q1 to 10,000 CBM per month in Q2, which will further increase to 12,500 CBM per month from Q3 FY27. To reinforce its premium positioning, the company hosted around 1,000 dealers and sales team members in Kolkata for its Prime Ply Day event, showcasing the superior attributes of Club Prime Plywood versus competing products. Further, to mitigate the impact of higher chemical input costs arising from geopolitical developments, the company implemented about 7% price increase in April in the plywood business, largely passing on the increase in raw material costs. On financial front, revenue Page 2 of 14 Century Plyboards India Limited August 04, 2026 increased by 32.4% year-on-year and 8.9% subsequently, while EBITDA margin improved to 16.9%, which is highest by any player in the industry. Laminate Business. The laminate business maintained the strong momentum established in previous quarters and delivered another robust performance. Revenue grew 14.7% year-on-year, while EBITDA margins remained healthy at 10.2%, reflecting improved product mix, better capacity utilization, and operational efficiencies. As consumer preferences continue to evolve, innovation remains a key differentiator for us. During the quarter, we launched the CenturyLaminates LookBook, The Trendz Edit 2026-27, introducing a contemporary collection inspired by global design brands. The new catalog has received an encouraging response from architects, interior designers, channel partners, and customers, further reinforcing our premium positioning in the decorative service segment. A new home press was commissioned and planned for export grade manufacturing at the end of July 2026. MDF Business. The MDF reported another healthy year-on-year performance, although the quarter was impacted by the planned shutdown required for expansion of our Andhra Pradesh manufacturing facility. During the quarter, we expanded the capacity of our Andhra Pradesh MDF plant from 700 CBM per day to 950 CBM per day. This resulted in lower production and a sequential decline in revenue. Nevertheless, the business delivered nearly 29% year-on-year revenue growth, highlighting the strong underlying demand for MDF products. Particle Board Business. Our particle board business continued to sell very well during the quarter. Revenue increased by 29% sequentially and 155.7% year-on-year, reflecting higher capacity utilization and growing acceptance of our products across furniture manufacturers and OEM customers. While margins remain at an early stage due to the relatively recent commissioning of capacity. We remain confident that increasing utilization levels, better product mix, and operating leverage will continue to improve profitability over the coming quarters. Logistics Business. Our logistics business operated through one of our subsidiary companies continued to strengthen during the quarter. Operations at the rejuvenated Khidderpore Docks terminal have now stabilized and started contributing positively to the group. We continue to witness improving cargo handling volumes and increasing customer acceptance. This business not only creates a new avenue for revenue diversification, but also strengthens our supply chain capabilities and provides strategic integration benefits for our manufacturing businesses over the long term. Within few months of start, we have achieved 9,000-plus container handling in July. Page 3 of 14 Century Plyboards India Limited August 04, 2026 Brand Building and Product Innovation. At Century Plyboards, we believe sustainable market leadership is built not only through manufacturing excellence, but also through continuous innovation and stronger consumer engagement. During the quarter, we introduced Century HDF Premium Plus campaign titled 'Har Board Ka Asli Boss', featuring cricketer Rahul Dravid and actor Saurabh Shukla. The campaign harnesses Rahul Dravid's enduring image as 'Mr. Dependable' to build trust for the product and the bra [Showing first 8,000 characters — download PDF for full document]