Slide 1: Cover letter to stock exchanges
RDL/015/2026-27 Date: 29.05.2026 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400051 Mumbai - 400001 NSE EQUITY SYMBOL: RUSHIL SCRIP CODE: 533470 ISIN: INE573K01025 Dear Sir / Madam, Su
Slide 2: Rushil Decor Limited Q4 and FY2026 Earnings Presentation
Rushil Decor Limited A beautiful concept Q4 and 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 6. 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 “FY2026 was a challenging year for Rushil Decor, marked by a series of external and operational disruptions that impacted overall business performance. The year began with the fire incident at the Andhra Pradesh MDF facility, followed by continued pressure from elevated r
Slide 7: Performance Highlights: Q4 FY2026 Consolidated
Performance Highlights: Q4 FY2026 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • MDF Boards : • Laminates: • Revenue Rs. 2,309 Mn 0.1% • Revenue Rs. 1,668 Mn (1.2)% • Revenue Rs. 534 Mn 0.8% • EBITDA* Rs. 286 Mn 18.6% • EBITDA* Rs. 233 Mn 18.8% • EBITDA* R
Slide 8: Performance Highlights: FY2026 Consolidated
Performance Highlights: FY2026 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • MDF Boards : • Laminates: • Revenue Rs. 8,622 Mn (4.0)% • Revenue Rs. 6,091 Mn (8.2)% • Revenue Rs. 2,111 Mn 6.1% • EBITDA* Rs. 801 Mn (22.6)% • EBITDA* Rs. 601 Mn (29.0)% • EBIT
Slide 9: Q4 and FY2026 Financial Highlights: Consolidated
Q4 and FY2026 Financial Highlights: Consolidated Revenue (Rs. Million) EBITDA* (Rs. Million) / Margin (%) 10.4% 11.0% 12.4% 11.5% 9.3% 8,979 8,622 1,034 801 2,307 2,165 2,309 241 238 286 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 PBT* (Rs. Million) / Margin (%) PAT (Rs. Mill
Slide 10: Q4 and FY2026 Division Overview: Laminates
Q4 and FY2026 Division Overview: Laminates Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 7.5% 9.6% 7.7% 8.7% 8.6% 182 2,111 172 1,989 56 530 585 534 40 41 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Revenue Contribution Sales Volume (Sheet) 2,111 1,989 30,48,067 30,
Slide 11: Q4 and FY2026 Division Overview: Laminates
Q4 and FY2026 Division Overview: Laminates Average Capacity Utilisation (%) Blended Realisation (Rs. Per Sheet) 90 93 91 89 733 728 86 696 702 653 Q2 FY26 Q3 FY26 Q4 FY26 FY25 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY25 FY26 Indian Market Realisation (Rs. Per Sheet) Exports Market Realisation (Rs. Per Sheet)
Slide 12: Q4 and FY2026 Division Overview: MDF Boards
Q4 and FY2026 Division Overview: MDF Boards Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 11.6% 12.2% 14.0% 12.7% 9.9% 6,637 846 6,091 601 1,688 1,668 196 233 1,486 182 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Revenue Contribution Sales Volume (CBM) 6,637 2,79,50
Slide 13: Q4 and FY2026 Division Overview: MDF Boards
Q4 and FY2026 Division Overview: MDF Boards Average Capacity Utilisation (%) Blended Realisation (Rs. Per CBM) 87 25,689 25,750 25,893 25,362 83 23,501 79 79 75 Q2 FY26 Q3 FY26 Q4 FY26 FY25 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY25 FY26 Indian Market Realisation (Rs. Per CBM) Exports Market Realisation (Rs.
Slide 14: MDF Boards Value Added: Quantity and Value Targets
MDF Boards Value Added: Quantity and Value Targets Quantity % 43% 42% 40% FY24 FY25 FY26 54% Value % 53% 50% FY24 FY25 FY26 Value added products target 60% of revenue and 50% of volumes of MDF Boards in FY2027 Rushil Decor Limited | Earnings Presentation 13
Slide 15: Consolidated Profit & Loss Statement: Q4 and FY2026
Consolidated Profit & Loss Statement: Q4 and FY2026 Rs. Million Q4 FY264 Q4 FY25 Y-o-Y (%) Q3 FY26 Q-o-Q (%) FY264 FY25 Y-o-Y (%) Revenue 2,309.0 2,307.3 0.1% 2,165.4 6.6% 8,622.4 8,979.4 (4.0)% Cost of Materials Consumed 1,375.8 1,272.2 1,317.9 4,996.4 4,964.1 Purchase of Stock in Trade - (0.1) 0.0
Slide 16: Balance Sheet: As on 31st March 2026
Balance Sheet: As on 31st March 2026 As on 31st Mar As on 31st Mar As on 31st Mar As on 31st Mar Rs. Million 2026 2025 Rs. Million 2026 2025 Equity Non-Current Assets Equity Share Capital 293.4 286.8 Property, Plant and Equipment 7,263.2 6,996.8 Other Equity 6,215.3 6,038.8 Capital WIP 107.0 74.8 No
Slide 17: Capital Structure: Net Debt to Equity Ratio
Capital Structure: Net Debt to Equity Ratio 2,861 2,682 2,691 2,620 2,604 2,563 2,575 2,565 2,544 0.53 0.45 0.44 0.44 0.42 0.41 0.40 0.41 0.39 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Net Debt (Rs. Mn) D/E Ratio Continued focus on deleveraging, with Net Debt-to-Equity ratio imp
Slide 18: 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 19: 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 FY26 FY26 Vizag Capacity Utilisation Capacity
Slide 20: Laminates Manufacturing Expansion
Laminates Manufacturing Expansion 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 to the
Slide 21: 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 22: 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 23: 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 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: 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