Bengaluru, June 17 — Shares of Rushil Decor Limited, a prominent player in India’s decorative laminates sector, jumped nearly 9% intraday following an announcement regarding the scheduled completion of Phase 2 of its Jumbo Laminate Plant in Gandhinagar, Gujarat, by the third quarter of FY26.
At around 12:14 PM, the stock was trading higher at ₹30.98 on the BSE, gaining almost 7% compared to the previous day’s close of ₹29.01. While the stock has seen a ~4% decline over the past year, it has rebounded impressively with a 15% gain over the past month.
🏭 Expansion to Add ₹300 Cr in Annual Revenue
Rushil Decor’s brownfield expansion, encompassing both Phase 1 and Phase 2 of the project, is expected to significantly increase its manufacturing capacity by an additional 2.8 million sheets annually (based on 1 mm single-sided decorative laminates). Once operational by FY26, the expansion is projected to add ~₹300 crore in incremental revenue each year, supported by a healthy EBITDA margin of approximately 11%.
🌍 Eye on Global Markets
The company is actively expanding its footprint in international markets such as the USA, Europe, and other regions. It has already secured export orders for around 15% of Phase 1 capacity, with further scale-up plans in motion to meet increasing global demand.
📊 Management Outlook
“As we move into FY26, we are targeting consolidated revenues of ₹1,100 crore,” said Rushil K. Thakkar, Managing Director of Rushil Decor Limited. “The second phase of our Jumbo Laminate facility will strengthen our product offerings, enhance capacity, and support topline growth.”
📌 What’s the Bigger Picture?
This move underlines Rushil Decor’s strategic vision to:
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Expand manufacturing capabilities in a cost-efficient manner through brownfield development
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Strengthen its position in the premium laminate segment
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Serve global customers more effectively
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Drive long-term revenue and profitability growth
The expansion comes at a crucial time when demand for value-added laminates is rising both domestically and internationally, and positions the company to capture a larger share of the premium decorative laminates market.
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