Rushil Decor Shares Rise 4.9% as Company Begins Trial Run at Phase 2 of Jumbo Laminate Plant

Ahmedabad, October 10, 2025: The stock price of Rushil Decor Limited (NSE: RUSHIL, BSE: 533470) rose 4.98% to ₹28.64 on Friday, as the company announced that trial production has begun for Phase 2 of its state-of-the-art Jumbo Size Laminates plant in Gujarat.

Incorporated in 1993, Rushil Decor Limited is a leading manufacturer in India’s wood panel industry, specializing in laminates, MDF boards, PVC/WPC boards, and plywood under the “VIR” brand. The company operates through over 700 distributors and 4,675 retailers, with exports to 57+ countries.

Phase 2 Expansion Details

Rushil Decor Limited has commenced the Phase 2 expansion of its plant facilities at Village Itla, along the Gandhinagar-Mansa Road in the Indian state of Gujarat. The new phase will provide 1.6 million sheets per annum, each measuring 1 mm in thickness. The total production capacity between Phase 1 and Phase 2 will amount to 2.8 million sheets annually. This new Phase 2 expansion is anticipated to generate approximately ₹300 crore in revenue per annum with an estimated EBITDA margin of 11%. Trial production commenced at the facility for Phase 2, and it is anticipated to be operational in Q3 FY26. The decision to undergo expansions demonstrates Rushil Decor’s commitment to grow operations to assist increased demand and SKUs in its sector. The expansion is oriented towards the USA, Europe, and other developed Western markets in line with Rushil Decor’s export-led growth model.

Management Commentary

“As we are in the mid of FY2026, we are targeting consolidated revenues of approximately ₹11,000 million,” said Mr. Rushil K. Thakkar, Managing Director, Rushil Decor Limited. “The Phase 2 expansion enhances our capacity, scale, and competitiveness globally, aligning with our focus on innovation and international market expansion.”

The company has already secured export orders for a significant portion of its Jumbo laminates capacity and expects full-scale commercial operations in the coming quarters. The project is anticipated to positively impact both top-line and bottom-line performance in FY2025–26.

Share Price Update

Rushil Decor Limited shares closed with a 4.98% gain on October 10, 2025. Rushil Decor Limited shares have gained 26% in the last six months, 8% in the previous month, and dipped 1.88% in the last 5 days.

Strategic Outlook

The brownfield expansion aligns with Rushil Decor’s roadmap to complete the project by Q3 FY26, with the plant expected to add substantial export-led revenues. The company remains focused on innovation, capacity enhancement, and sustainability, leveraging its six manufacturing facilities across Karnataka, Andhra Pradesh, and Gujarat.

REF: https://nsearchives.nseindia.com/corporate/RUSHIL_10102025113517_Final_Press_Release_with_Letter.pdf

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