• Export logistics challenges: Container shortages and elevated freight costs postponed ₹25–30 crore of exports into the next quarter, temporarily impacting shipments and revenue flow.
• Revenue growth momentum: Top-line growth stood at 18.2% in the first quarter, and the company expects to maintain its 18%+ growth trajectory supported by laminates, plywood, and chipboard.
• Chipboard segment turnaround: The chipboard division reached 61% capacity utilization within five quarters and turned EBITDA-positive in Q1, with further margin expansion expected going forward.
• Raw material outlook: Input costs cooled down following corrections in June, and management anticipates no additional price hikes in Q2 while maintaining laminate margins after earlier cost pass-throughs.