Rushil Decor Ltd. · NSE:RUSHIL
Rushil Decor — Q2 FY2027 Earnings Presentation
26 slides from Rushil Decor's earnings presentation, Nov 4, 2026
Slide 1: Exchange filing cover letter for investor presentation
RDL/054/2026-27 Date: 04.11.2026 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400051 Mumbai - 400001 NSE EQUITY SYMBOL: RUSHIL SCRIP CODE: 533470 ISIN: INE573K01025 Dear Sir / Madam, Su
Slide 2: Q2 FY2027 Earnings Presentation
Rushil Decor Limited (BSE: 533470 | NSE: RUSHIL) Q2 FY2027 Earnings Presentation 1
Slide 3: Business Overview
Business Overview One of the leading manufacturers of Laminates and MDF in India with a global footprint across 59 countries Laminates MDF PVC Decorative Surface solutions Engineered Wood Panel Solutions Waterproof Panel Solutions High Pressure Laminates manufactured using multiple Manufactured usin
Slide 4: At a Glance
At a Glance 32+ 6 1,200+ 59 Years of Excellence Manufacturing Facilities Designs Countries Served 700+ 4,700+ 3,000+ 3 Star Direct Distributors Retailers / Dealers Workforce Export House Financial Highlights FY2026 Revenue from Operations EBITDA CFO Net Debt to Equity Rs. 8,622 Mn Rs. 697 Mn Rs. 887
Slide 5: Investment Case
Investment Case Strong Market Position Supported by a Diversified Well Positioned to Benefit from India's Growing 1 Branded Product Portfolio 2 Decorative Surfaces Industry • One of India's leading manufacturers of MDF and Laminates with over • Rising urbanization, premium housing, modular furniture
Slide 6: Managing Director's Message
Managing Director’s Message “Rushil Decor achieved its highest ever quarterly Revenue in Q2 FY27, reflecting improved performance across businesses, supported by higher sales, better operational performance and increasing contribution from the Laminates business. Consolidated Revenue from Operations
Slide 7: Q2 FY2027 Consolidated Highlights
Q2 FY2027 Consolidated Highlights Revenue from Operations EBITDA PAT Financial Rs. 2,953 Mn Rs. 280 Mn Rs. 101 Mn Highlights 24.5% 96.6% (Consolidated YoY) 25.3% Margin 9.5% Margin 3.4% Laminates (Incl. Jumbo) (YoY) MDF (YoY) PVC (YoY) Revenue Sales Volume1 Revenue India Sales Volume Revenue Sales V
Slide 8: H1 FY2027 Consolidated Highlights
H1 FY2027 Consolidated Highlights Revenue from Operations EBITDA PAT Financial Rs. 5,243 Mn Rs. 462 Mn Rs. 121 Mn Highlights 127.4% nm (Consolidated YoY) 26.4% Margin 8.8% Margin 2.3% Laminates (Incl. Jumbo) (YoY) MDF (YoY) PVC (YoY) Revenue Sales Volume1 Revenue Sales Volume Revenue Sales Volume Rs
Slide 9: Q2 and H1 FY2027 Consolidated Financial Performance
Q2 and H1 FY2027 Consolidated Financial Performance In Rs. Million Revenue From Operations Gross Profit and Margin 44.9% 39.0% 39.9% 43.5% 39.5% 5,243 2,070 4,148 1,803 2,953 2,356 1,059 1,178 2,290 892 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 EBITDA and Margin PAT and M
Slide 10: Laminates (Incl. Jumbo) Business Highlights (1/2)
Q2 and H1 FY2027 Laminates (Incl. Jumbo) Business Highlights (1/2) In Rs. Million Total Revenue Total Sales Volume (Sheets) 1 1,620 19,24,711 14,74,615 992 884 10,44,392 736 7,86,158 8,80,319 547 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 EBITDA and Margin Blended Realisat
Slide 11: Laminates (Incl. Jumbo) Business Highlights (2/2)
Q2 and H1 FY2027 Laminates (Incl. Jumbo) Business Highlights (2/2) In Rs. Million Q2 FY27 Q2 FY26 YoY (%) Q1 FY27 QoQ H1 FY27 H1 FY26 YoY (%) India Revenue 404 222 82.1% 251 61.0% 655 378 73.2% Exports Revenue 480 325 47.7% 485 (1.0%) 965 614 57.2% Total Revenue 884 547 61.7% 736 20.1% 1,620 992 63.
Slide 12: Jumbo Laminates Business Highlights
Q2 and H1 FY2027 Jumbo Laminates Business Highlights In Rs. Million Q2 FY27 Q1 FY27 QoQ (%) India Revenue 17 9 89.1% Exports Revenue 200 101 98.0% Total Revenue 217 110 97.3% India Sales Volume (Sheets) 2 35,321 9,848 258.7% Exports Sales Volume (Sheets) 2 3,24,125 1,03,581 212.9% Total Sales Volume
Slide 13: MDF Business Highlights (1/2)
Q2 and H1 FY2027 MDF Business Highlights (1/2) In Rs. Million Total Revenue Total Sales Volume (CBM)1 1,28,516 3,418 1,15,578 2,938 76,099 1,962 63,505 1,695 52,417 1,456 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 EBITDA and Margin Blended Realisation (Rs. / CBM)1 10.8% 8.
Slide 14: MDF Business Highlights (2/2)
Q1 FY2027 MDF Business Highlights (2/2) In Rs. Million Q2 FY27 Q2 FY26 YoY (%) Q1 FY27 QoQ (%) H1 FY27 H1 FY26 YoY (%) India Revenue 1,962 1,392 41.0% 1,447 35.6% 3,409 2,480 37.4% Exports Revenue - 303 - 9 - 9 457 (97.9%) Total Revenue 1,962 1,695 15.8% 1,456 34.8% 3,418 2,938 16.4% India Sales Vol
Slide 15: PVC Business Highlights (1/2)
Q2 and H1 FY2027 PVC Business Highlights (1/2) In Rs. Million Revenue Sales Volume (Tonne) 200 1,988 176 1,817 103 944 1,045 90 96 934 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 EBITDA and Margin Realisation (Rs. / Tonne) 6.4% 7.9% 2.4% 7.7% 5.1% 1,02,145 98,793 1,00,385 9
Slide 16: PVC Business Highlights (2/2)
Q2 and H1 FY2027 PVC Business Highlights (2/2) In Rs. Million Q2 FY27 Q2 FY26 YoY (%) Q1 FY27 QoQ (%) H1 FY27 H1 FY26 YoY (%) Revenue 103 90 14.3% 96 7.0% 200 176 13.7% Sales Volume (Tonne) 1,045 934 11.8% 944 10.7% 1,988 1,817 9.4% EBITDA 2 6 (57.6%) 8 (67.8%) 10 13 (25.0%) Margin 2.4% 6.4% 7.9% 5.
Slide 17: Consolidated Profit and Loss Statement
Q2 and H1 FY2027 Consolidated Profit and Loss Statement Rs. Million Q2 FY27 Q2 FY26 YoY (%) Q1 FY27 QoQ (%) H1 FY27 H1 FY26 YoY (%) Revenue from Operations 2,953 2,356 25.3% 2,290 29.0% 5,243 4,148 26.4% Cost of Materials Consumed 1,607 1,334 1,384 2,991 2,303 Purchase of Stock in Trade 0 0 0 0 1 Ch
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. Million As on 30th Sep As on 31st Mar Rs. Million As on 30th Sep As on 31st Mar 2026 2026 2026 2026 Equity Non-Current Assets Equity Share Capital 293 293 Property, Plant and Equipment 7,205 7,263 Other Equity 6,325 6,215 Capital WIP 139 107 Non Current Liabilities Rig
Slide 19: H1 FY2027 Capital Structure and Working Capital
H1 FY2027 Capital Structure and Working Capital (Rs. Mn) Mar-24 Mar-25 Mar-26 Sep-26 Inventory Days Long Term Debt 1,618 1,388 971 859 Short Term Debt 1,340 1,284 1,628 1,929 195 170 177 146 Total Debt 2,958 2,671 2,599 2,788 Less: Cash & Cash Equivalent 114 53 55 74 1 Net Debt \ (Cash) 2,844 2,618
Slide 20: Production Capacity and Utilization
Production Capacity and Utilization Laminates | Gandhinagar, Gujarat 3 62,92,000 17,86,379 62% Manufacturing Installed Capacity1 H1 FY2027 H1 FY2027 Plants (Sheets Per Annum) Production Volume Capacity Utilisation2 Gandhinagar, Gujarat MDF | Chikmagalur, Karnataka and Vishakhapatnam, Andhra Pradesh
Slide 21: Global Sales Footprint Across 59 Countries
Global Sales Footprint Across 59 Countries Europe Gulf & Middle East North America India Indonesia Latin America Rest of Asia Pacific 20
Slide 22: Experienced Management Team
Experienced Management Team Mr. Krupesh G Thakkar Mr. Rushil K Thakkar Chairman and Whole Time Director Managing Director Holds a Bachelor's degree in Commerce from Leads the Company's strategic planning, Gujarat University and brings over three expansion initiatives, exports, branding and decades o
Slide 23: Board of Directors
Board of Directors Audit Committee Stakeholders Relationship Committee Mr. Krupesh G Thakkar Mr. Rushil k Thakkar Mr. Ramanik T Kansagara Chairman and Whole Time Director Managing Director Whole Time Director Nomination and Remuneration Committee Corporate Social Responsibility Committee Mr. Kantila
Slide 24: Sustainable Wood Procurement and Agroforestry
Sustainable Wood Procurement and Agroforestry Rushil Decor follows a research driven approach to 74.8 Mn 74,800 sustainable wood procurement by connecting farmers, plantation development and MDF manufacturing, Quality Seedlings Acres under supporting rural livelihoods while securing a Distributed pl
Slide 25: ESG Disclosure Platform
Rushil Decor Website AI – ESG Profile: 17 Factors and 523 Subfactors ESG Disclosure Platform Rushil Decor ESG Profile Link (Click Here) Management Approach (2) Company Overview (14) Board of Directors (6) Environment (57) Social (66) Governance (103) ESG Factors (17) ISO and Certifications (3) Mater
Slide 26: Disclaimer
Disclaimer This presentation has been prepared by Rushil Decor Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contr