Rushil Decor Sees 7.7% Surge in MDF Prices, Expands Laminate Capacity

In the second quarter of fiscal year 2026, Rushil Decor, a prominent Indian manufacturer of sustainable wood panels, reported a solid operational and financial performance. The company's MDF (Medium Density Fibreboard) division saw a 7.7% year-over-year increase in blended realization, while the laminates segment recorded a 4.0% rise in blended realization.

The MDF business continued to be the key revenue driver, contributing Rs. 1,695 million in Q2 FY26. Domestic MDF sales grew by 5.2% year-over-year, supported by steady demand across retail and OEM channels. Export revenue nearly doubled sequentially as shipments resumed following the normalization of plant operations earlier in the year. The company's focus on value-added products also paid off, with the share of such offerings reaching 45% by volume and 56% by value.

In the laminates division, revenue increased by 8.9% year-over-year to Rs. 547 million, driven by stronger demand in the domestic market. The company also commenced commercial dispatches from the Phase 1 of its Jumbo Laminates facility at Gandhinagar, and has initiated trial production for Phase 2 of the project. This expansion is expected to strengthen Rushil Decor's position in the premium laminate segment and cater to growing global demand for jumbo-size sheets.

Looking ahead, the company remains focused on improving capacity utilization, enhancing its product mix, and driving margin recovery. The stabilization of MDF operations, the expansion of laminates capacity, and steady export traction are expected to contribute to improved profitability in the second half of fiscal year 2026.