Duroply Industries reported Q1 FY26 revenue of 93.5 Cr, up 10.3% year-on-year, but down 15% quarter-on-quarter.

Profit before tax rose nearly 50% YoY to 1.88 Cr.

Despite a challenging demand environment, especially for premium products due to regional market issues, profitability improved from better operating leverage.

Gross margin was 34.1%, with EBITDA margin at 5.8%. The company focuses on an asset-light model, enhancing sales force productivity through digitization, and targets 6.5-7% EBITDA margin by FY27 and 9-12% ROCE by FY26. Cash conversion cycle increased due to strategic improvements in supplier payment terms.