Century Plyboards Q2 profit rose 46% year on year to about Rs 104 crore, while consolidated revenue grew 28.5% to Rs 1,780 crore, according to a 6 November 2026 report on the quarter’s results. Particleboard quarterly revenue crossed Rs 100 crore for the first time.
The wood-panel maker, a major supplier to India’s furniture and interiors market, also reported EBITDA of Rs 230 crore, up 31.6%.
How Did Century Plyboards Perform in Q2 FY27?
Revenue of Rs 1,780 crore was up 28.5%, EBITDA of Rs 230 crore was up 31.6%, and net profit of about Rs 104 crore was up 46%. The report credits record sales in plywood and particleboard for the growth.
Particleboard revenue topped Rs 100 crore in a quarter for the first time, up 211% year on year.
What Does This Mean for Furniture Demand?
Plywood and particleboard are core inputs for modular furniture, kitchens and interiors, so strong volumes at a leading panel producer point to continued activity in those segments. The report also flags risks: muted demand could weigh on plywood growth, and MDF faces intense domestic competition and weak pricing.
What Is Century Plyboards’ Debt Plan?
The company said net debt peaked at roughly 2.4 times EBITDA. It plans to repay debt from internal cash flows before taking on new capital expenditure, until debt-to-EBITDA reaches 1 time. It is targeting FY27 EBITDA of about Rs 900 crore.
Market Reaction and Industry Response
Axis Securities has a BUY rating with a target price of Rs 820, per the report. No comment from furniture trade bodies was found in the source, and no share-price move on the results day was reported.
What Happens Next?
The next checkpoints are whether plywood demand holds up and whether MDF pricing improves, the two risks the report names, along with progress toward the Rs 900 crore EBITDA target. Century Plyboards also reported Q1 results in August 2026.
Frequently Asked Questions
What was Century Plyboards’ Q2 FY27 net profit?
Net profit was about Rs 104 crore, up 46% year on year, per the 6 November 2026 report.
How much did particleboard contribute?
Particleboard quarterly revenue topped Rs 100 crore for the first time, up 211% year on year.
What is Century Plyboards’ FY27 EBITDA target?
The company is targeting about Rs 900 crore of EBITDA for FY27.
Source: Whalesbook, 6 November 2026.
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