Slide 1: Exchange filing cover letter
RDL/038/2025-26 Date: 11.08.2025 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: RUSHIL SCRIP CODE: 533470 ISIN: INE573K01025 Dear Sir / Madam, S
Slide 2: Rushil Decor Limited Q1 FY2026 Earnings Presentation
Rushil Decor Limited A beautiful concept Q1 FY2026 | Earnings Presentation
Slide 3: Rushil Decor: MDF Boards, Laminates and Plywood
Rushil Decor: MDF Boards, Laminates and Plywood 100+ Years 1,200+ 6 lineage of wood engineering. Designs Distinct Brands 32+ Years in MDF Boards and Laminates One of the Largest 700+ 4,675+ Direct Distributors Retailers / Dealers manufacturer of MDF Boards and Laminates in organized markets 6 Manufa
Slide 4: Rushil Decor: Investment Case (1/2)
Rushil Decor: Investment Case (1/2) 1. Wood Panel Market Position 3. Integrated Operating Platform • One of the leading manufacturers of MDF boards and Laminates in India • Manufacturing facilities: 1 MDF plant in Andra Pradesh and 1 in Karnataka, and 3 Laminate plants in Gujarat • Recently entered
Slide 5: Rushil Decor: Investment Case (2/2)
Rushil Decor: Investment Case (2/2) 5. Accessing Global Markets 7. Attractive Industry Dynamics • India is the leading manufacturer of Laminates across the world with quality • Growth in the real estate sector, ongoing urbanization and modernization of and cost-effective workmanship furniture underp
Slide 6: Managing Director's Message
Managing Director’s Message “During the first quarter of FY2026, Rushil Decor reported consolidated Revenue from Operations of Rs. 1,792 million. The quarterly performance was impacted by an unfortunate fire incident at the Andhra Pradesh MDF manufacturing facility on 9th April. I am relieved to rep
Slide 7: Performance Highlights: Q1 FY2026 Consolidated
Performance Highlights: Q1 FY2026 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • MDF Boards : • Laminates: • Revenue Rs. 1,792 Mn (20.4)% • Revenue Rs. 1,242 Mn (26.6)% • Revenue Rs. 445 Mn (5.6%) • EBITDA Rs. (22) Mn • EBITDA Rs. (73) Mn • EBITDA Rs. 45 M
Slide 8: Q1 FY2026 Financial Highlights: Consolidated
Q1 FY2026 Financial Highlights: Consolidated The quarterly performance was impacted by fire incident at the Andhra Pradesh MDF manufacturing facility Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 2,307 11.4% 10.0% (1.2)% 2,251 1,792 257 231 (22) Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 F
Slide 9: Q1 FY2026 Division Overview: MDF Boards
Q1 FY2026 Division Overview: MDF Boards Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 12.4% 10.7% (5.9)% 1,692 1,688 210 181 1,242 (73) Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Revenue Contribution Sales Volume (CBM) 1,692 1,688 74,079 19% 68,608 23% 30% 30% 1,242 26% 33% 52,074 12%
Slide 10: Q1 FY26 Division Overview: MDF Boards
Q1 FY26 Division Overview: MDF Boards Average Capacity Utilisation (%) Blended Realisation (Rs. Per CBM) 87 23,768 23,602 23,858 81 58 Q3 FY25 Q4 FY25 Q1 FY26 Q3 FY25 Q4 FY25 Q1 FY26 Indian Market Realisation (Rs. Per CBM) Exports Market Realisation (Rs. Per CBM) 24,926 24,424 24,238 21,415 21,961 2
Slide 11: MDF Boards: Continued Growth in Exports Volume and Realisation
MDF Boards: Continued Growth in Exports Volume and Realisation Exports Sales Volume (CBM) 22,879 21,372 18,982 18,487 16,701 15,467 7,150 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Export Realisation (Rs. Per CBM) 21,961 21,308 21,415 21,476 20,276 19,586 19,684 Q3 FY24 Q4 FY24 Q1 FY25
Slide 12: Q1 FY2026 Division Overview: Laminates
Q1 FY2026 Division Overview: Laminates Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 9.1% 8.5% 10.2% 530 45 45 471 445 43 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Revenue Contribution Sales Volume (Sheet) 530 7,64,682 7,63,296 471 6,88,457 445 Total 63% 66% Total 70% 67% 64% 65% 58%
Slide 13: Q1 FY26 Division Overview: Laminates
Q1 FY26 Division Overview: Laminates Average Capacity Utilisation (%) Blended Realisation (Rs. Per Sheet) 83 83 83 694 632 647 Q3 FY25 Q4 FY25 Q1 FY26 Q3 FY25 Q4 FY25 Q4 FY26 Indian Market Realisation (Rs. Per Sheet) Exports Market Realisation (Rs. Per Sheet) 684 701 719 681 528 545 Q3 FY25 Q4 FY25
Slide 14: MDF Boards Value Added: Quantity and Value Targets
MDF Boards Value Added: Quantity and Value Targets Quantity % 40% 43% 27% FY23 FY24 FY25 50% 53% Value % 37% FY23 FY24 FY25 Value added products target 60% of revenue and 50% of volumes of MDF Boards in FY2026 Rushil Decor Limited | Earnings Presentation 13
Slide 15: Profit & Loss Statement: Q1 FY26
Profit & Loss Statement: Q1 FY26 Rs. Million Q1 FY264 Q1 FY25 Y-o-Y (%) Q4 FY25 Q-o-Q (%) Revenue 1,791.6 2,250.9 (20.4)% 2,307.3 (22.4)% Cost of Materials Consumed 968.9 1,267.9 1,272.2 Purchase of Stock in Trade 1.1 3.9 (0.1) Changes in Inventories 77.3 (43.6) 23.9 Employee Cost 167.8 162.5 175.2
Slide 16: Capital Structure: Net Debt to Equity Ratio
Capital Structure: Net Debt to Equity Ratio 4,003 3,116 3,023 1.10 2,861 2,820 2,682 2,620 2,563 2,575 2,565 0.65 0.61 0.53 0.53 0.45 0.44 0.44 0.41 0.40 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Net Debt (Rs. Mn) D/E Ratio Continued focus on deleveraging, with Net Debt-t
Slide 17: Specialized Products Offerings: Distinct Brands
Specialized Products Offerings: Distinct Brands Application Application • Industrial Products • Home Furniture • Residential furniture • Cabinet Doors • Commercial furniture • Desktops • Wall Paneling • Wardrobes • Architectural Moldings • Wall Paneling • Sports Goods • Commercial Furniture • Displa
Slide 18: Production Capacity and Utilization
Production Capacity and Utilization Laminates MDF Boards Karnataka & Gujarat Andhra Pradesh Installed Capacity Installed Capacity 34,92,000 3,30,000 sheets per annum CBM* per annum Gandhinagar No. of Units No. of Units 3 2 Gandhinagar Chikmagalur & Vizag Q1 FY26 Q1 FY26 Vizag Capacity Utilisation Ca
Slide 19: Laminates Manufacturing: Expansion Plan
Laminates Manufacturing: Expansion Plan Laminates Manufacturing Platform Total Capacity Additional Capacity Future Capacity 34,92,000 28,00,000 62,92,000 Sheets Per Annum Sheets Per Annum Sheets Per Annum (Phase 1 and 2) • A brownfield project has been started in Gandhinagar, Gujarat, adjacent to th
Slide 20: Expanding Sales Footprints: 57 Countries
Expanding Sales Footprints: 57 Countries Russia Europe Gulf & Middle East North America India Africa Indonesia Saudi Arabia Latin America Rest of Asia Pacific With expansion into newer regions, there are significant opportunities for our value-added products. New Jumbo Laminates will exclusively tar
Slide 21: Led by Strong and Experienced Management Team
Led by Strong and Experienced Management Team Mr. Krupeshbhai G. Thakkar Mr. Hiren Padhya Chairman and Whole Time Director Chief Financial Officer Bachelor‘s degree in commerce from Gujarat University Qualified Chartered Accountant, Company Secretary and Cost Over 30 years of experience in laminates
Slide 22: Board of Directors
Board of Directors Audit Committee Stakeholders Relationship Mr. Krupeshbhai G. Thakkar Mr. Rushil K.Thakkar Mr. Ramanik T. Kansagara Committee Chairman and Whole Time Director Managing Director Whole Time Director Nomination and Remuneration Committee Corporate Social Responsibility Committee Mr. K
Slide 23: Disclaimer
This presentation has been prepared by Rushil Decor Limited (the world- wide, competition, the company’s ability to successfully implement its “Company”) solely for information purposes and does not constitute any strategy, the Company’s future levels of growth and expansion, offer, recommendation o