CenturyPly Charts Bold Growth Path at 44th AGM, Targets ₹12,000 Cr Turnover by 2031

India's largest wood panel company posts 16.5% revenue growth in FY25; invests in capacity, digitalisation, and sustainability to drive future-ready leadership. Century Plyboards (India) Ltd. (CPIL), India's largest wood panel and interior solutions company, announced an ambitious roadmap at its 44th Annual General Meeting (AGM), setting a revenue target of ₹12,000 crores by FY31. As of March 31, 2025, the company's market capitalization stood at ₹15,750 crores the highest in India's wood products sector reflecting its strong brand equity and future-ready transformation.

CenturyPly reported a strong FY25 performance, achieving revenues of ₹4,527.8 crores, marking a 16.5% year-on-year growth despite a largely flat sector. Growth was led by plywood at 16% and MDF at 36%, while laminates remained stable. The company posted an EBITDA of ₹496.8 crores, reflecting resilience amid expansion-related costs. CenturyPly has aggressively expanded its capacity, front-loading investments of ₹2,095 crores in just three years compared to ₹1,369 crores over the preceding two decades. This expansion has doubled MDF capacity to 6,27,000 CBM annually and laminates capacity to 23 million sheets per annum. A new particle board plant at Tiruvallur, Tamil Nadu, is set to go live in FY26, further strengthening the company's product portfolio. Today, CenturyPly operates 15 manufacturing units across India and Gabon, supported by a vast distribution network of 4,161 dealers and over 19,000 retailers.

As part of its transformation into a future-ready organisation, CenturyPly's digital-first initiatives include dealer management apps, real-time inventory systems, and the Century E-shop, enabling seamless B2B and B2C engagement. The company is also integrating AI and data science for design intelligence, operational efficiency, and customer personalisation.

Sustainability and safety remain at the core of CenturyPly's operations. In FY25, 19% of its energy requirements were met through biomass and renewable sources, and coal usage was reduced by 11%. The company achieved ISO 45001:2018 certification for occupational health and safety and reported zero fatalities or lost work hours during the year. Additionally, over 26 lakh saplings were distributed to farmers under the Century Plantation Project, strengthening its agroforestry-driven raw material ecosystem.

The company's CSR initiatives continue to make a meaningful impact across communities. In FY25, CenturyPly supported 2,389 children with cancer through CanKids, provided healthcare services to 5,065 beneficiaries via Vision Mission Foundation, and partnered in building a cow hospital at Sodepur. Investments in education, healthcare, animal welfare, and environmental sustainability remain central to its community outreach efforts.

Looking ahead, CenturyPly's roadmap to achieving ₹12,000 crores in turnover by FY31 rests on five strategic pillars: capacity expansion through new plants in India and overseas; innovation driven by AI-led R&D and next-generation products; sustainability through zero-waste processes, renewable energy, and eco-certified offerings; digital and distribution growth through a stronger dealer network and digital-first platforms; and premium and B2B growth, targeting modular furniture, luxury interiors, and institutional partnerships.

Commenting on the company's performance, Mr. Sajjan Bhajanka, Chairman, Century Plyboards (India) Ltd said, "CenturyPly has consistently set benchmarks in quality, innovation, and sustainability. FY 2024-25 was a year of solid growth, driven by our ability to anticipate customer needs and adapt quickly to market changes. As we look forward, our strategic investments in capacity, technology, and sustainability will ensure CenturyPly continues to lead the industry and create long-term value for all stakeholders."

The AGM also approved the declaration of dividends for shareholders, the reappointment of directors, and the adoption of key statutory resolutions, reinforcing the company's commitment to governance and transparency. With its continued focus on innovation, sustainability, and global competitiveness, CenturyPly remains committed to strengthening its leadership in the Indian wood panel and decorative solutions industry while creating long-term value for its stakeholders.

Shares of Century Plyboards (India) Limited was last trading in BSE at Rs. 803.10 as compared to the previous close of Rs. 809.85. The total number of shares traded during the day was 1958 in over 178 trades.

The stock hit an intraday high of Rs. 811.70 and intraday low of 801.00. The net turnover during the day was Rs. 1578884.00.

Source : Equity Bulls

Keywords

CenturyPlyboardsIndia INE348B01021 WoodPanel InteriorSolutions 44thAGM GrowthPath