Century Plyboards India Ltd is set to aggressively expand its export footprint in the United States, riding on Indo-US trade developments and a favourable tariff environment, Managing Director Sanjay Agarwal said on Tuesday. The company, which has so far been exporting limited volumes of laminates, cubicles and exterior laminates to the US, has decided to significantly scale up its overseas push after remaining cautious in the past. "We have been exporting laminates, cubicles and exterior laminates to the US, though in limited volumes, and we had been going slow. However, within the last few hours, we have decided to give a huge push to exports to the US as well as related markets in North and South America," Agarwal said. He added that the change in tariff structure has improved viability for Indian exporters. "With this kind of tariff, now it's possible for us to go ahead and do a great job as far as exports to the US is concerned," Agarwal said. Agarwal said the broader business
Elara Capital analyst Amit Purohit said some players in the sector could still deliver double-digit volume growth despite broader demand headwinds.
MOFSL has initiated coverage on Century Plyboards with a 'Buy' rating and Cera Sanitaryware with a 'Neutral' stance