Rushil Décor Limited (BSE: 533470. NSE: RUSHIL), one of the leading suppliers of sustainable MDF and laminates, has announced that its board will meet on May 09, 2024 to Consider, approve and take on record the Audited Financial Results for the fourth quarter and year ended 31st March, 2024 and to Consider the proposal for Recommendation of Dividend on the equity shares of the Company for the financial year ended 31st March, 2024.
Earlier, the company said that it is poised to double its exports to INR 500 crores within the next 3-4 years, leveraging a synergistic strategy that encompasses the initiation of a laminates project and an augmentation of the proportion of value-added products in overseas markets.
The company had also added earlier that “In the month of December, the company’s Chikmagalur plant in Karnataka not only achieved its highest-ever sales volume but also demonstrated exceptional operational efficiency, surpassing 120% in capacity utilization. Rushil Decor’s Eco-Friendly MDF segment has achieved a noteworthy milestone with value-added products now constituting 52% in value terms. Looking ahead to Q4FY24, the company aims to further elevate this proportion to 55%. This targeted approach is anticipated to have a substantial positive impact on its overall realizations, reinforcing its
dedication to product diversification and enhanced value creation.”
Founded in 1993, Rushil Décor Limited (BSE: 533470, NSE: RUSHIL), a globally leading company in modern interior infrastructure, and eco-friendly, composite wood panels are committed to shaping a better planet. Leveraging modern technology, inspiring designs, next-generation innovations, and a people-first, purposeful approach, RUSHIL is passionate about setting new industry standards and superior experiences, ensuring high productivity. The company has five state-of-the-art manufacturing plants with an annual capacity of 3,30,000 CBM MDF and 3.49 million Laminates, which cater to its customers in more than 50 countries across the world. The Company achieved revenue of INR 838.4 crores in FY’23 with EBIDTA and PAT of INR 149.4 crores and INR 77.7 crores respectively.
With a strong network of branches, distributors, thousands of dealers, and a rich talent pool of experts, RUSHIL is focused on redefining the future of wood. What makes RUSHIL special is its unmatched quality, design, customer centricity, value-led DIY green-engineered products from agroforestry, and a wide range of high-performance surface engineering solutions. Driven by automated plants, world-class German technologies, and global standards, RUSHIL relentlessly creates smarter spaces. RUSHIL’s product portfolio includes VIR Laminates, VIR MDF boards, VIR MAXPRO (HDFWR) boards / VIR Pre-laminated Decorative MDF / HDFWR boards, VIR PVC and VIR WPC boards/doors. Optimal supply chain efficiencies, utilization of resources, and strategic local plantations offer cost advantage in raw material sourcing, and manufacturing excellence, enabling high output to cover global market demand.