Greenlam Industries Q4 Net Profit Surges 2616.7% YoY

Net revenues: ₹857.7 crore, representing 25.8% YoY growth from ₹681.8 crore in Q4 FY25
Quarter-over-quarter growth: 21.4% from ₹706.3 crore in Q3 FY26
EBITDA before forex impact and exceptional items: ₹107.4 crore, up 57.1% YoY from ₹68.4 crore
Profit before tax (before exceptional items): ₹52.0 crore, up 382.6% YoY from ₹10.8 crore
Profit after tax: ₹40.5 crore, up 2616.7% YoY from ₹1.5 crore
Basic EPS: ₹1.59 (not annualized)
Gross margin: 51.5%, improved by 80 bps from 50.7% in Q4 FY25
Gross profit: ₹442.1 crore, up 28.0% YoY
Working capital days: 51 days, improved by 4 days YoY

Net revenues: ₹3,046.1 crore, representing 18.6% YoY growth from ₹2,569.3 crore in FY25
EBITDA before forex impact and exceptional items: ₹334.2 crore, up 21.0% YoY from ₹276.1 crore
Profit before tax (before exceptional items): ₹95.4 crore, down 10.4% YoY from ₹106.4 crore
Profit after tax: ₹56.0 crore, down 18.1% YoY from ₹68.4 crore
Basic EPS: ₹2.20
Gross margin: 53.6%, improved by 130 bps from 52.3% in FY25
Gross profit: ₹1,633.3 crore, up 21.6% YoY

Overall laminate business grew 14.4% in value terms YoY in Q4 FY26 and 9.3% for full year FY26
Plywood & allied products segment (decorative veneers, engineered floors, engineered doors, plywood) registered 17.9% YoY growth in Q4
Chipboard business delivered 47.3% sequential revenue growth in Q4 FY26 (commenced commercial production in Q4 FY25)

Mr. Saurabh Mittal, Managing Director and Chief Executive Officer, highlighted:

Company crossed ₹3,000 crore in annual revenues for FY26
All business segments reported revenue growth during the quarter
Domestic and international laminate business grew well with improved product mix and favorable currency movements
Raw material costs increased substantially due to geopolitical tensions, but impact was minimized through prudent supply chain management
Entire raw material cost increase was passed to market in April 2026
EBITDA margin before forex fluctuation improved by 250 bps to 12.5% in Q4 FY26 from 10.0% in Q4 FY25
Net debt as of March 31, 2026: ₹940.1 crore
Company remains focused on operational excellence, disciplined execution, and innovation-led manufacturing

Global presence: Products available in over 120 countries
Manufacturing facilities: Five state-of-the-art plants in Behror (Rajasthan), Nalagarh (Himachal Pradesh), Prantij (Gujarat), Tindivanam (Tamil Nadu), and Naidupeta (Andhra Pradesh)
Sustainability certifications: FSC®, PEFC™, ISO 14001, GRIHA, GREENPRO, REACH, ISO 45001, ISO 50001
Product certifications: CE, UL, NSF, SEFA, Green Label, Greenguard, NEMA, BS EN standards
Quality certifications: ISO 9001, SEDEX