Century Adhesives & Chemicals Ltd., a step-down subsidiary of Century Plyboards (India) Ltd. , commenced commercial production at its newly established resin manufacturing unit in Naidupetta, Andhra Pradesh on May 28, 2026. The development enhances the manufacturing footprint of Century Plyboards (India) Ltd. by securing an internal supply chain for critical raw materials.

The resin manufacturing unit is located in Naidupetta, Andhra Pradesh. The facility began operations on the specified date following the completion of setup activities. This move is expected to support the production requirements of the parent company's broader product portfolio.

Operational Details

The commercial production start date is a key milestone for the subsidiary. The unit will focus on the manufacture of resin, a vital input for the plywood and laminate industries.

The information was disclosed to the stock exchanges by Sundeep Jhunjhunwala, Company Secretary of Century Plyboards (India) Ltd.

Century Plyboards (India) Ltd reported its audited financial results for the quarter and year ended March 31, 2026, achieving its highest-ever quarterly revenue of ₹1,492 crore in Q4 FY26. This represents a growth of 24.5% year-on-year compared to ₹1,198 crore in the same period last year. For the full fiscal year 2025-26, the topline grew by 19.2% to ₹5,397 crore, supported by robust performance across its business segments. The Board of Directors approved the results at a meeting held on May 22, 2026. Following the announcement, the company has made available the audio recording of the conference call with investors and analysts held on May 25, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Full-Year Financial Performance

Profit After Tax (PAT) for FY 2025-26 increased by 44% to ₹268 crore, compared to ₹186 crore in FY 2024-25. The annual EBITDA (excluding forex losses) rose to ₹702 crore, reflecting a growth of 39.8%. The company's net worth increased to ₹2,630 crore as of March 31, 2026, while total debt stood at ₹1,531 crore. The Return on Average Equity (ROAE) for the year improved to 13.09%.

Q4 Financial Highlights

The quarterly performance reflected strong year-on-year momentum across key metrics. Net profit for Q4 rose to ₹78 crore compared to ₹53 crore in the same period last year. EBITDA for the quarter stood at ₹177 crore versus ₹130 crore in the year-ago period, with EBITDA margin at 11.90% compared to 11.23% previously. On an adjusted basis (excluding forex losses), Q4 EBITDA stood at ₹204 crore, with margins expanding to 13.7% from 12.6% in the preceding quarter.

Segment Highlights

The Plywood segment reported a total income of ₹2,915 crore for the year, an increase of 15.6%, with an EBITDA margin of 15.2%. The Laminates segment delivered a turnaround, with total income growing by 13.9% and EBITDA margins improving to 8.5% from 5.2% in the prior year. The MDF segment saw total income rise by 25.6% to ₹1,284 crore, while the Particle Board segment income grew by 38.2%.