FY 2026–27 Kickoff: The April Quarter Decide Your Business Fate

A Special Discussion with Yogesh Bang – Challenges, Solutions, and the Road Ahead

With the beginning of the new financial year 2026–27, the plywood, laminate, and panel industry is not just entering a new phase but a decisive turning point. In an exclusive interaction with Ply Insight, Yogesh Bang, President of the All India Plywood and Laminate Traders Association, shared his views on market uncertainty, financial risks, and future strategies.

April Quarter: The “Litmus Test” of the Year

According to Yogesh Bang, the April–June quarter will determine how the entire year unfolds for traders. He emphasizes: “If the beginning is good, the end will also be good.” Currently, concerns like financial stress and delayed payments in the market are alarming, and traders need to proceed with caution.

Caution! Avoid ‘TOD and Tour Trap’ by Companies

At the end of March, companies often push traders to lift more stock by offering: Turnover Discounts (TOD) Foreign tour schemes  Yogesh Bang warns that in the rush to meet targets, traders often overstock beyond their capacity and sell on credit to unreliable buyers, making recovery difficult.

Advice for Traders: Do not risk your credibility and capital under sales pressure.

Global Crisis & Reality of Raw Materials

International conflicts and disrupted supply chains are impacting the industry.

• Import Dependency: India still depends on imports for 85% of its urea consumption, which is gas-based, for example.
• Need for Alternative Energy: Until industries fully shift to solar and induction-based energy, price volatility in raw materials will continue.

Price Hike: What is going to Changed from April 1?

The market is already witnessing price increases:

• Big Brands: Major players like Green, Century, and Merino have implemented new prices from April 1.
• Industry-Wise Increase: Plywood: 5–10% rise Laminate: Around 10% rise WPC: Up to 25% increase
• Old Stock vs New Rates: Traders may still have old stock, but new pricing will fully impact the market within the first quarter.

Strength of Small Manufacturers & Traders

Yogesh Bang highlighted the importance of small manufacturers in hubs like Yamunanagar, Uttar Pradesh, and Kerala. He believes: While large businesses can survive crises, the real strength of the economy lies in the stability of small traders and manufacturers.

“Survival Mantra” for Traders

At the end of the discussion, Yogesh Bang shared key advice:

• Work with patience: Avoid panic buying of expensive stock.
• Protect your capital: Today’s saved capital is tomorrow’s growth.
• Safety first: Even if profits are lower this year, staying secure is more important to prepare for 2027.

Conclusion: The coming period will certainly be challenging, but traders who act with wisdom, patience, and discipline will emerge successful from this “trial by fire.”

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