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Will see at least 3-4% higher margin in laminates business, says Century Plyboards

Updated : November 12, 2018 14:28:46 IST

Century Plyboards is expecting at least 3-4 percent higher margin in laminates business this quarter, said Keshav Bhajanka, ED of the company, adding that the firm has seen a sharp increase in input costs for laminates.

However, he said, “Going forward I do not see this as a problem and alongside that we have taken a price increase as recently as on November 1st. So this quarter our margin should be looking far better."

According to Bhajanka, overall margin will improve in the second half of financial year 2019.

Talking about products, he said, “Going forward the trends in medium density fiberboards (MDFs) are also looking up, in fact October was highest selling month in MDF till date.”
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