Century Plyboards Defies Muted Demand, Confident in FY26 Growth Targets

• Century Plyboards reported strong Q3FY26 results with 18.4% revenue growth and 9.4% net profit increase despite challenging demand.
• Executive Director Keshav Bhajanka highlighted broad-based growth across plywood, laminates, MDF, and particle board segments.
• The company attributes current demand headwinds to delays in housing inventory hitting the market, impacting building material consumption.
• Management expects delayed housing inventory to become a tailwind, driving robust growth in the coming years.
• Century Plyboards reiterates its FY26 segment-wise growth guidance and expects stable raw material prices to support margins.