Century Plyboards executive director says MDF margins recovering with robust demand across segments, some raw material cost pass-through retained for margins

Wed 30 Sep 2026

Last quarter MDF margin

7 percent

Target MDF margin H2

mid teens percent

Heard on Live TV News Channel between 11:21:40 - 11:22:55 IST.

• Keshav Bhajanka, Executive Director, said MDF margins are on the recovery after falling to 7% last quarter due to a planned shutdown, with margins expected similar or slightly better this quarter.
• Company has been able to pass on majority of raw material price increases and is targeting mid-teens MDF margins in the second half of the year.
• Demand described as robust across plywood, laminates, MDF and particle board, though laminates face some challenge from global container/shipping availability.
• He said if crude derivative costs decline, the company will retain part of the benefit rather than fully passing it on, improving margins, with laminate and plywood having smaller pass-through than MDF and particle board.
• Formal guidance to be shared at end of quarter after results announcement.

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