Rushil Decor Ltd

Dividend entitlement and payment

• Final dividend of ₹0.05 per equity share (face value ₹1) for FY2025-26, subject to AGM approval.
• Record date fixed at Tuesday, 08 September 2026.
• Dividend payable on or before 26 October 2026, subject to TDS.
• Payable if approved at the AGM on 28 September 2026.

AGM date and mode

• 32nd AGM scheduled for 28 September 2026 at 10:30 AM via Video Conferencing.

Record Date Details

• Record date: 08 Sep 2026 for final dividend entitlement.
• Proposed dividend: ₹0.05 per equity share (5%).
• Dividend subject to shareholders' approval at the AGM.
• AGM scheduled for 28 Sep 2026.
• Payment, if approved, to be made on or before 26 Oct 2026 (TDS).
• Security: Equity shares, face value ₹1.

AGM Details

• 32nd AGM scheduled for 28 September 2026 at 10:30 AM via video conferencing.

Financial Performance

• Consolidated revenue for Q1 FY27: INR 2,290 million; up 27.8% YoY.
• Gross profit: INR 892 million; gross margin 39%.
• EBITDA: INR 182 million; EBITDA margin 7.9%.
• PBT: INR 25 million; PAT: INR 20 million.
• MDF revenue: INR 1,456 million; +17.2% YoY; MDF EBITDA: INR 123 million; margin 8.4%.
• Laminate revenue: INR 736 million; +65.3% YoY; Jumbo revenue: INR 110 million; Laminates EBITDA: INR 52 million; margin 7%.
• Jumbo laminates: revenue INR 110 million; volume ~1.13 lakh sheets; EBITDA INR 23 million; margin 20.6%.
• PVC revenue: INR 96 million; EBITDA INR 8 million; margin 7.9%.

Segment and Mix Update

• Laminate mix: India revenue INR 251 million; export INR 485 million; total laminate volume ~8.8 lakh sheets.
• Laminate blended realization: INR 836 per sheet; Jumbo margin higher at 20.6%.
• MDF utilization: 66% in Q1 FY27 after maintenance; last year 75%; expect to rise.
• MDF value-added focus to improve realizations and profitability over the medium term.
• MDF retail presence strengthened; MDF distribution network expanded with 15 distributors and 46 retailers/ dealers.

Balance Sheet & Cash Flow

• Debt including working capital: around INR 260 crores.
• Scheduled debt repayment: about INR 55 crores per year; Q2 FY29 debt-free target.
• FY27 capex: no major capex planned; maintenance capex only around INR 5–10 crores.

Capex and Projects

• Jumbo laminates capex: INR 90 crores for 28 lakh sheets capacity.
• Asset-turn target: 1.4x–1.5x; potential full-capacity revenue ~INR 140 crores.
• Near-term focus: ramp Jumbo and expand MDF value-added share.

Outlook and Guidance

• FY27 guidance reiterated; on track to deliver best-out-of-business performance.
• MDF value-added mix target: 50% quantity, 60% value-added (long term).
• MDF OEM share targeted at 35–40% of volume (FY27).
• Laminates: 15% MDF price hikes sustained; 10% laminate price hikes sustained; further hikes not assumed.
• Debt-free by FY29; capex for FY27 limited to maintenance 5–10 crores.

Q&A Highlights

• MDF export volumes subdued due to container shortages; current July run-rate ~3,200 CBM.
• Export freight costs elevated; resin prices up 35–40%; wood prices flat.
• Debt trajectory: INR 260 crores; annual repayment ~INR 55 crores; debt-free by FY29.
• Jumbo margin (~20.6%) supported by new markets; full-capacity revenue potential ~INR 140 crores.
• OEM MDF share ~35–40%; long-term contracts exist, prices not fixed in contracts.
• Laminate margins normalizing; excluding Jumbo, margins ~9–10%; Jumbo lifts overall margin.

Filing Status

• This transcript contains substantive management remarks and Q&A; not wrapper-only.

Meeting Details

• Date: 10 August 2026; earnings conference call held with analysts/investors.
• Type and mode: group earnings conference call; audio recording.
• Organiser: Rushil Decor Limited.
• Purpose: Discuss unaudited Standalone and Consolidated results for quarter ended June 30, 2026.
• Recording: Audio recording available on the company's website.