Rushil Decor Ltd. · NSE:RUSHIL
Rushil Decor — Q3 FY2026 Earnings Presentation
26 slides from Rushil Decor's earnings presentation, Jan 29, 2026
Slide 1: Exchange filing cover letter for investor presentation
RDL/088/2025-26 Date: 29.01.2026 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 Q3 and 9M FY2026 Earnings Presentation
Rushil Decor Limited A beautiful concept Q3 and 9M 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+ 4,700+ 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 2 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 “The third quarter of FY2026 reflected a seasonally softer demand environment during the festive period, along with continued pressure from elevated resin prices, which, despite easing marginally during the quarter, remained above historical levels. Within these condition
Slide 7: Performance Highlights: Q3 FY2026 Consolidated
Performance Highlights: Q3 FY2026 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • MDF Boards : • Laminates: • Revenue Rs. 2,165 Mn 2.3% • Revenue Rs. 1,486 Mn (3.5)% • Revenue Rs. 585 Mn 20.4% • EBITDA Rs. 231 Mn (15.4)% • EBITDA Rs. 174 Mn (25.5)% • EBITDA
Slide 8: Performance Highlights: 9M FY2026 Consolidated
Performance Highlights: 9M FY2026 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • MDF Boards : • Laminates: • Revenue Rs. 6,313 Mn (5.4)% • Revenue Rs. 4,423 Mn (10.6)% • Revenue Rs. 1,577 Mn 8.0% • EBITDA Rs. 434 Mn (47.4)% • EBITDA Rs. 284 Mn (57.6)% • EB
Slide 9: Q3 and 9M FY2026 Financial Highlights: Consolidated
Q3 and 9M FY2026 Financial Highlights: Consolidated Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 12.9% 9.5% 10.7% 12.4% 6.9% 6,672 6,313 827 434 2,117 2,356 2,165 273 225 231 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 PBT (Rs. Million) / Margin (%) PAT
Slide 10: Q3 and 9M FY2026 Division Overview: MDF Boards
Q3 and 9M FY2026 Division Overview: MDF Boards Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 15.2% 10.8% 11.7% 13.5% 6.4% 4,949 670 4,423 284 1,540 1,695 234 1,486 183 174 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Revenue Contribution Sales Volume (CBM
Slide 11: Q3 and 9M FY2026 Division Overview: MDF Boards
Q3 and 9M FY2026 Division Overview: MDF Boards Average Capacity Utilisation (%) Blended Realisation (Rs. Per CBM) 89 25,689 25,750 25,167 79 79 23,858 23,468 72 58 Q1 FY26 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Q1 FY26 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Indian Market Realisation (Rs. Per CBM) Exports Market R
Slide 12: Q3 and 9M FY2026 Division Overview: Laminates
Q3 and 9M FY2026 Division Overview: Laminates Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 7.7% 7.7% 9.8% 9.9% 9.2% 1,577 145 145 1,460 585 57 486 547 42 38 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Revenue Contribution Sales Volume (Sheet) 1,577 22,8
Slide 13: Q3 and 9M FY26 Division Overview: Laminates
Q3 and 9M FY26 Division Overview: Laminates Average Capacity Utilisation (%) Blended Realisation (Rs. Per Sheet) 90 93 89 733 83 87 696 694 647 639 Q1 FY26 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Q1 FY26 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Indian Market Realisation (Rs. Per Sheet) 604 848 776 783 591 719 583 68
Slide 14: MDF Boards Value Added: Quantity and Value Targets
MDF Boards Value Added: Quantity and Value Targets Quantity % 40% 43% 43% 27% FY23 FY24 FY25 9M FY26 50% 53% 54% Value % 37% FY23 FY24 FY25 9M FY26 On track to achieve Value added products target 60% of revenue and 50% of volumes of MDF Boards in FY2026 Rushil Decor Limited | Earnings Presentation 1
Slide 15: Consolidated Profit & Loss Statement: Q3 and 9M FY26
Consolidated Profit & Loss Statement: Q3 and 9M FY26 Rs. Million Q3 FY264 Q3 FY25 Y-o-Y (%) Q2 FY26 Q-o-Q (%) 9M FY264 9M FY25 Y-o-Y (%) Revenue 2,165.4 2,116.8 2.3% 2,356.5 (8.1)% 6,313.5 6,672.1 (5.4)% Cost of Materials Consumed 1,317.9 1,178.8 1,333.9 3,620.8 3,691.9 Purchase of Stock in Trade 0.
Slide 16: Capital Structure: Net Debt to Equity Ratio
Capital Structure: Net Debt to Equity Ratio 3,116 3,023 2,820 2,861 2,682 2,620 2,691 2,563 2,575 2,565 2,604 0.65 0.61 0.53 0.53 0.45 0.44 0.44 0.42 0.41 0.40 0.41 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Net Debt (Rs. Mn) D/E Ratio Continued focus on deleveragin
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 9M FY26 9M FY26 Vizag Capacity Utilisation Ca
Slide 19: Laminates Manufacturing: Expansion Plan
Laminates Manufacturing: Expansion Plan Jumbo Laminates Manufacturing Platform Total Jumbo Laminates Capacity Capacity Phase 1 Capacity Phase 2 12,00,000 16,00,000 28,00,000 Sheets Per Annum Sheets Per Annum Sheets Per Annum • A brownfield project has been started in Gandhinagar, Gujarat, adjacent t
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 targ
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: ESG: Step Towards Sustainable Sourcing
ESG: Step Towards Sustainable Sourcing FY2025 Environment (4) Social (8) Governance (4) Others (4) 2.65% 100% 50% ISO 9001:2015 11.69 (GJ/Rs. Lacs) Female Workforce Gender Employee Life Insurance Independent Board of Quality Management Energy Intensity Composition and Compensation Directors System 3
Slide 24: Visit Our Real Time ESG Disclosure Platform
Visit Our Real Time ESG Disclosure Platform Integrated with AI Assistance Chatbot Download ESG data Map our ESG framework with 45+ Over 10 factors and different frameworks 150+ KPI Access to ESG factsheet Search for keywords Rushil Décor India ESG Profile Link (Click Here) Rushil Decor Limited | Ear
Slide 25: Rushil Decor Website ESG Factors (18)
ESG Approach: 18 Factors and 448 Subfactors Integrated Rushil Decor Website with AI Assistance ESG Disclosure Platform Chatbot Rushil Decor ESG Profile Link (Click Here) Resilience (4) Management Approach (2) Company Overview (10) Board of Directors (6) Vérifications and Assurances (1) ESG Factors (
Slide 26: Rushil Decor Limited Churchgate Partners
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