CenturyPlyboards Achieves Record Q2 Revenue of INR 1,386 Crores, Up 17.1% YoY

Century Plyboards (India) Limited, a leading player in the wood panel industry, has reported robust financial results for the second quarter, demonstrating strong growth across its key business segments.

Record-Breaking Performance

The company delivered its highest-ever quarterly revenue of INR 1,386 crores, marking a significant 17.1% year-on-year growth. This impressive performance was driven by strong showings across the plywood, laminates, and MDF segments.

Profitability Boost

CenturyPlyboards achieved a record EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of INR 181.70 crores for the quarter. The company's EBITDA margin improved to 13.1%, up from 10.3% in the same quarter of the previous fiscal year, indicating enhanced operational efficiency and cost management.

Segment-wise Performance

Plywood Segment

Achieved highest-ever quarterly revenue of INR 760.00 crores
16% year-on-year growth and 17.5% sequential growth
EBITDA margin stood at 14.2%

Laminate Segment

Revenue grew by 16.6% year-on-year to INR 188.00 crores
EBITDA margin expanded to 9.5%

MDF (Medium Density Fiberboard) Segment

Revenue increased by 27.9% year-on-year to INR 343.00 crores
EBITDA margin at 13.6%

New Developments

The company successfully commenced commercial production at its new particle board plant during the quarter, marking an important milestone in its expansion strategy.

Market Position and Outlook

Sanjay Agarwal, MD and CEO of CenturyPlyboards, expressed confidence in the company's market position: "We are very happy with the quality of the product. And we're looking at a more robust ramp-up." He also noted that the company's market share in plywood is currently below 10%, indicating significant room for growth.

Future Prospects

The management remains optimistic about future growth, citing factors such as:

Rising urbanization
Higher disposable income
Increased consumer preference for branded and premium products

CenturyPlyboards is well-positioned to capitalize on these trends with its diversified product portfolio, strong brand, expanding distribution network, and upcoming capacity additions.

Conclusion

CenturyPlyboards' Q2 results reflect not just growth but also improving quality of earnings. The company's focus on operational excellence, disciplined capital allocation, and strategic investments in brand building and technology upgrades are expected to support long-term growth in the competitive wood panel industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.05%	+4.56%	+4.35%	+6.22%	+5.33%	+287.95%

Century Plyboards (India) Limited has announced a significant change in its senior management personnel. The company has designated Shri Ashok Kumar Goyal as the Plant Head-Hoshiarpur, effective November 14, 2025. This appointment marks a strategic move for the company, bringing in extensive industry experience to its leadership team.

Key Appointment Details

Aspect	Details
Appointee	Shri Ashok Kumar Goyal
Position	Plant Head-Hoshiarpur
Category	Senior Management Personnel
Effective Date	November 14, 2025
Term	Permanent full-time employee

Professional Background

Shri Ashok Kumar Goyal brings a wealth of experience to his new role at Century Plyboards. His professional journey includes:

Over 37 years of total industry experience
34 years specifically in MDF (Medium Density Fiberboard) manufacturing
Previous associations with notable organizations such as Nuchem Ltd., Greenpanel Industries Ltd., and Century Plyboards

Educational Qualification

Goyal holds a B.Tech degree in Electrical Engineering from NIT Kurukshetra, which he obtained in 1988. This technical background, combined with his extensive industry experience, positions him well for his new role overseeing operations at the Hoshiarpur plant.

Significance of the Appointment

The appointment of Shri Ashok Kumar Goyal as Plant Head-Hoshiarpur underscores Century Plyboards' commitment to strengthening its operational leadership. With his deep expertise in MDF manufacturing, Goyal is expected to play a crucial role in enhancing the efficiency and productivity of the Hoshiarpur facility.

This strategic move by Century Plyboards aligns with industry trends of bringing experienced professionals into key operational roles to drive growth and maintain competitive edge in the wood-based panel products market.

The company's decision to appoint Goyal in the Senior Management Personnel category highlights the importance of the Hoshiarpur plant in Century Plyboards' overall operations and future strategies.

As the wood-based panel industry continues to evolve, the expertise of seasoned professionals like Shri Ashok Kumar Goyal may prove instrumental in navigating challenges and capitalizing on opportunities in the sector.