| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 230.90 | 6.6% | 0.1% |
| Total Income | 234.57 | 7.9% | 0.4% |
| Expenditure | 220.77 | 5.0% | 0.7% |
| PBT | 13.80 | 92.7% | 8.5% |
| Net Profit | 10.12 | 94.7% | 19.7% |
| OPM | 11.47% | 0.79pp | 0.61pp |
| NPM | 4.31% | 1.92pp | 1.04pp |
| EPS | 0.34 | 79.0% | 24.4% |
Rushil Decor FY26 Revenue at ₹8,622 Mn, Down 4% YoY
29 May 2026 · 29 May, 5:33 pm
Summary
Rushil Decor Limited announced its Q4 and full-year FY26 consolidated financial results, reporting Q4 FY26 revenue from operations at ₹2,309 million, a marginal increase of 0.1% year-on-year. The quarter saw strong EBITDA growth of 18.6% year-on-year to ₹286 million, with the EBITDA margin improving to 12.4%. However, Profit After Tax for Q4 FY26 decreased by 19.7% year-on-year to ₹101 million. For the full year FY26, the company faced significant challenges, with revenue declining by 4.0% to ₹8,622 million and PAT dropping sharply by 86.7% to ₹64 million. Management highlighted that FY2026 was challenging due to external and operational disruptions, but stressed the company's focus on operational stability and strengthening its product portfolio for long-term fundamentals.
Key Highlights
- 1
Rushil Decor Limited's consolidated revenue from operations for Q4 FY26 reached ₹2,309 million, showing a marginal year-on-year growth of 0.1%.
- 2
Consolidated EBITDA for Q4 FY26 significantly increased by 18.6% year-on-year to ₹286 million, with the EBITDA margin expanding to 12.4% from 10.4% in Q4 FY25.
- 3
Profit After Tax (PAT) for Q4 FY26 stood at ₹101 million, which is a 19.7% decline year-on-year, despite a strong 94.7% sequential growth from Q3 FY26.
- 4
For the full year FY26, consolidated revenue from operations decreased by 4.0% year-on-year to ₹8,622 million, and PAT dramatically dropped by 86.7% to ₹64 million.
- 5
The Laminates business demonstrated resilience in FY26, with revenue increasing by 6.1% year-on-year to ₹2,111 million, supported by domestic demand and improved export realizations.
- 6
MDF Boards business reported Q4 FY26 EBITDA of ₹233 million, representing an 18.8% year-on-year increase, with an EBITDA margin of 14.0%.
- 7
The company maintained a healthy Net Debt to Shareholder Equity ratio of 0.39x and reported Q4 FY26 consolidated basic and diluted EPS of ₹0.34.
Management Comments
Rushil Thakkar
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 resin prices, volatile raw material costs and global geopolitical uncertainties impacting export markets and logistics. Despite these challenges, the Company remained focused on maintaining operational stability, strengthening its product portfolio and improving long-term business fundamentals. Consolidated Revenue from Operations for FY2026 was Rs. 8,622 million, while EBITDA was Rs. 801 million with an EBITDA margin of 9.3%. Profit After Tax for the year was Rs. 64 million. The Laminates business continued to remain a key strategic focus area during the year, particularly with the ramp-up of the Jumbo Laminates facility at Gandhinagar. Laminates Revenue for FY2026 increased 6.1% year-on-year to Rs. 2,111 million, supported by domestic demand and improved export realizations. India Laminates revenue increased 21.0% year-on-year during FY2026. During the year, the Company continued to strengthen its export presence across multiple international markets and saw gradual traction for Jumbo Laminates in countries such as Russia, Portugal, Slovakia, Romania, Israel, Central America, Latin America and several other regions. Furthermore, the Company continued to focus on product development, certifications, customer approvals and market expansion for Jumbo Laminates. Given the nature of premium jumbo products and longer approval cycles in international markets, the business saw gradual scale-up during the year. The Company has now established a strong groundwork across export markets and continues to see improving customer engagement and repeat enquiries across geographies. The MDF business reported Revenue of Rs. 6,091 million in FY2026. During the year, the Company adopted a calibrated approach towards exports amid global uncertainties and elevated freight disruptions, resulting in lower export volumes. However, the India MDF business performed well, with India revenues growing 12.5% and realization improving 4.8% year-on-year, supported by demand across retail and OEM channels. The Company also continued to strengthen its market reach during the year by adding 67 new direct distributors and over 131 retailers and dealers, further expanding its dom
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