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IDBI Capital Report
Century Plyboards India Ltd.’s Q2 FY21 result was significantly better than our forecast due to stronger than expected pent up demand.
Further, its newly added feature of Virokill technology (kills the viruses on ply surfaces) has enabled it gain market share.
The company’s net sales fell 12% YoY Rs 5.2 billion mainly due to fall in plywood sales, partially offset by higher medium-density fibreboard sales.
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