Stylam Industries Limited, a leading decorative laminates manufacturer, reported a 17% year-over-year increase in Q1 revenue, reaching ₹282.98 crore. Net profit slightly decreased by 0.35% to ₹28.26 crore. The company sold 2.74 million laminate sheets in Q1, with a shift towards domestic sales. Stylam is expanding with a new plant in Panchkula, Haryana, expected to start operations in October 2025. The company maintains a zero-debt status and operates one of Asia's largest single-location laminate manufacturing plants.
Stylam Industries, a decorative laminates manufacturer, reported Q4 financial results showing a 21% decrease in net profit to ₹29.60 crore and a 10% decline in EBITDA to ₹43.00 crore. However, revenue increased by 11% to ₹265.30 crore. The EBITDA margin contracted by 367 basis points to 16.25%. Despite revenue growth, the company faces profitability challenges, leading to a 5% drop in share price following the announcement.
26Mar 25
Stylam Industries Gains as India Imposes Anti-Dumping Duty on Chinese Acrylic Solid Surfaces
The Indian government has announced a five-year anti-dumping duty on Acrylic Solid Surfaces imported from China, following a petition by Stylam Industries. This measure aims to protect domestic manufacturers, with Stylam Industries, accounting for 70-80% of India's production, expected to benefit significantly. The duty is designed to counter unfair pricing practices and could lead to increased domestic production, price stabilization, and potential investment in the sector.