Century Plyboards profit slips 2.7% as FX and labor costs mount

Century Plyboards finished the fiscal year with a 14.2% revenue increase, yet net profit for FY26 dropped 2.7%. Management identified a mix of rising expenses, foreign exchange losses, and an exceptional charge tied to new labour code compliance as the cause of the decline. Q4 standalone revenue showed a 21.8% year-on-year jump, proving that demand is there, but the cost structure is currently working against the bottom line. The board kept the final dividend at ₹1 per share, holding the payout steady while these costs filter through the books. The filing is a routine update. It proves that while sales volume is rising, the company is hitting a ceiling on operational efficiency due to these specific one-time and external pressures. The next test is how much of these costs persist into FY27.