• Facility operations restored: The Rajkot facility is now fully functional, restoring lost production following a previous fire and allowing the company to shut down its temporary Gondal facility.
• FY27 financial guidance: Management expects a top line of ₹1,800 to ₹1,900 crore with full-year EBITDA margins of 8% to 9%, projecting margins to approach double digits by Q4 FY27 and revenue to grow 15% to 20% in the subsequent financial year.
• Raw material pricing: Laminate costs rose 15% to 20% quarter-on-quarter and palm oil increased 10% to 15%, but costs have been largely mitigated through grammage corrections, price increases on ₹5 and above-₹10 packs, and operational efficiencies.
• Capacity utilization target: Average capacity utilization closed at around 35% to 36% for the financial year and is targeted to increase to 42% to 43% in the next financial year.