Shares of one of the leaders in the Decorative High Pressure Laminates market in India surged nearly 9 percent on Tuesday, after announcing plans to complete Phase 2 of its Jumbo Laminate Plant by Q3 FY26, which is expected to generate additional annual revenues of ~Rs. 300 crores.
With a market cap of Rs. 888.6 crores, at 12:14 p.m., the shares of Rushil Decor Limited were trading in the green at Rs. 30.98 on BSE, up by nearly 7 percent, as against its previous closing price of Rs. 29.01. The stock has delivered negative returns of around 4 percent in one year, but has gained by over 15 percent in the last one month.
What’s the News
Rushil Decor Limited has announced that Phase 2 of its Jumbo Laminate manufacturing facility in Gandhinagar, Gujarat, is set to be completed by Q3 FY26, according to its latest regulatory filings.
This brownfield expansion spanning both Phase 1 and Phase 2 is set to boost the company’s capacity by an additional 2.8 million laminate sheets annually (based on 1 mm single-sided decorative sheets), with a clear focus on serving global markets including the USA, Europe, and other countries.
Once fully operational in FY26, the additional 2.8 million capacity is expected to contribute positively to both the company’s revenue and profitability. Together, the two phases are projected to generate additional annual revenues of around Rs. 300 crores, supported by an estimated EBITDA margin of ~11 percent.
This expansion aligns with Rushil Decor’s broader strategy to strengthen its global footprint and meet the growing demand for premium, value-added laminates. The company has already secured initial export orders for 15 percent of Phase 1 capacity and is progressing well on its production scale-up plans.
“As we move into FY26, we are targeting consolidated revenues of Rs. 11,000 million,” said Mr. Rushil K. Thakkar, Managing Director. “Phase 2 of our Jumbo Laminate manufacturing facility at Gandhinagar will lead to strengthening our product portfolio, enhancing its capacity, and improving its topline.”
Financials & more
Rushil Decor reported a marginal decline in its revenue from operations, showing a year-on-year fall of around 1.2 percent from Rs. 233.4 crores in Q4 FY24 to Rs. 231 crores in Q4 FY25. In contrast, its net profit increased during the same period from Rs. 9 crores to Rs. 12.6 crores, representing a significant growth of around 40 percent YoY.
Rushil Decor is primarily engaged in the manufacturing and sale of Laminate Sheets, Medium Density Fibre Board, Pre-laminated Medium Density Fibre Board and Polyvinyl Chloride Board. It presently has manufacturing facilities at Itla, Mansa and Dholakuva (Gujarat), Chikkamagaluru (Karnataka) and Atchutapuram (Andhra Pradesh).
Written by Shivani Singh
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