Financial Performance (Consolidated)

Q2 FY27 Results (Amounts in ₹ crore)

  • Net Revenue: ₹341 crore (Q1FY27: ₹326 crore; Q2FY26: ₹293 crore)
  • Material Consumption: ₹178 crore
  • Contribution: ₹163 crore
  • Contribution Margin (%): 48% (Q1FY27: 47%; Q2FY26: 46%)
  • Employee Expenses: ₹28 crore
  • Other Expenses: ₹77 crore
  • EBITDA: ₹58 crore
  • EBITDA Margin (%): 17% (Q1FY27: 21%; Q2FY26: 19%)
  • Other Income: ₹4 crore
  • Finance Costs: ₹1 crore
  • Depreciation and Amortization: ₹5 crore
  • PBT: ₹55 crore
  • PBT Margin (%): 16% (Q1FY27: 20%; Q2FY26: 17%)
  • Tax Expense: ₹13 crore
  • PAT: ₹43 crore
  • PAT Margin (%): 13% (Q1FY27: 15%; Q2FY26: 13%)
  • Laminates Sheets Sold: 3.59 million sheets (Domestic: 1.01 million; Export: 2.58 million)

H1 FY27 Results (Amounts in ₹ crore)

  • Net Revenue: ₹667 crore (H1FY26: ₹577 crore)
  • Material Consumption: ₹350 crore
  • Contribution: ₹317 crore
  • Contribution Margin (%): 48% (H1FY26: 46%)
  • Employee Expenses: ₹55 crore
  • Other Expenses: ₹136 crore
  • EBITDA: ₹126 crore
  • EBITDA Margin (%): 19% (H1FY26: 19%)
  • Other Income: ₹5 crore
  • Finance Costs: ₹1 crore
  • Depreciation and Amortization: ₹10 crore
  • PBT: ₹120 crore
  • PBT Margin (%): 18% (H1FY26: 16%)
  • Tax Expense: ₹30 crore
  • PAT: ₹91 crore
  • PAT Margin (%): 14% (H1FY26: 11%)
  • Laminates Sheets Sold: 7 million sheets (H1FY26: 5.83 million)

Key Financial Highlights

  • Revenue from Operations grew by 16% YoY in H1FY27.
  • PAT increased by 38% YoY in H1FY27.
  • PAT Margin improved from 11.4% to 13.6% in H1FY27, an expansion of 2.2 percentage points.
  • EBITDA Margin improved from 19.3% to 19.7% in H1FY27, an expansion of 0.4 percentage points.
  • Contribution Margin improved by 2 percentage points in H1FY27 despite increase in raw material prices.
  • Other expenses as percentage of sales increased by 2 percentage points in H1FY27 and 5 percentage points in Q2FY27, primarily due to hike in ocean freight and fuel expenses owing to global factors.

Operational Highlights

  • Capacity Utilization: Reached approximately 90% capacity utilization in laminates division.
  • New Plant: Commenced commercial production at new green-field laminate manufacturing plant at Manak Tabra, Panchkula, Haryana, on September 22, 2026. This is the company's third laminate plant.
  • Production Capacity: Annual production capacity of approximately 22 million laminate sheets.
  • Manufacturing Infrastructure:
  • One of Asia's largest single location laminate plants spread across 80 acres
  • World's first hot-coating lacquer line for thin laminates
  • First production line in India to manufacture 100% Acrylic Solid Surface panels
  • Largest laminate sizes in India with press capacity of 28 daylights and laminate press area of 1860 x 4320 mm
  • Employee Strength: Over 1,417 employees

Product Portfolio

Company offers 23 product categories including:

1. Decorative Laminates

2. Post Forming Laminates

3. Restroom Cubicles & Lockers

4. Exterior Cladding

5. Chemical Resistant Laminates

6. Unicore Laminates

7. Table Tops

8. Kitchen Countertops

9. Stella Tiles

10. Play & Slay

11. Digital Laminates

12. Syncro Laminates

13. Mirror Laminates

14. Chalk & Marker Board Laminates

15. Metallic laminates

16. Fire Retardant Laminates

17. Flicker Laminates

18. Magnetic Laminates

19. Electrostatic Dissipative Laminates

20. Anti-fingerprint Laminates

21. High Gloss Laminates

22. 100% Acrylic Solid Surface

23. Modified Solid Surface

Global Presence

Operations in over 80 countries across:

  • Europe (Netherlands, Italy, Germany, Belgium, France, etc.)
  • Far East (Indonesia, Malaysia, Singapore, Thailand, etc.)
  • Middle East (Saudi Arabia, Kuwait, UAE, Qatar, etc.)
  • North America (USA, Canada, Mexico)
  • South America (Colombia, Venezuela)

Certifications

Multiple international certifications including Greenguard Gold, M1, E1, E0.5, Singapore Green Label, Singapore Green Building, NSF 35, NSF 51, EPD, HPD.

Marketing Initiatives

  • Signboards & Inshop Branding
  • Exhibitions Worldwide
  • Architect Plant Visits
  • Sports Event Sponsorship (Badminton, Judo, Cricket)
  • Shop in Shop (Fascia+)
  • Dealers Certificate
  • Wall Painting
  • Magazine Ads
  • Carpenter Meets
  • Digital Marketing (Instagram, Facebook, LinkedIn)
  • Loyalty Programs (Leader of Stylam Program)

Corporate Developments

  • Achieved debt-free status in 2024
  • Listed on NSE in 2021
  • Strategic partnership with AICA Kogyo, Japan in 2025
  • Manufacturing & technology expansion in 2026 with five new press sizes and second hot-coating lacquer line