Greenlam Industries Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026.
Financial Performance Highlights
- Net Revenues: ₹796.7 crore, representing 18.2% year-on-year growth (Q1FY26: ₹673.8 crore)
- EBITDA before forex impact and exceptional items: ₹81.1 crore, showing 48.3% YoY growth (Q1FY26: ₹54.7 crore)
- Profit before Tax (before exceptional items): ₹30.9 crore (Q1FY26: loss of ₹14.5 crore)
- Net Profit: ₹21.2 crore (Q1FY26: net loss of ₹15.7 crore)
- Basic EPS: ₹0.83 (Q1FY26: loss of ₹0.62)
- Gross Margin: Remained flat at 52.9%
- Gross Profit: ₹421.4 crore, representing 17.9% YoY growth
- EBITDA Margin: Improved by 210 basis points to 10.2% in Q1FY27
Segment Performance
- Laminate Business: Overall value growth of 7.4% YoY, with international business performing well
- Plywood & Allied Products Segment: Registered 20.4% YoY growth (includes decorative veneers, engineered floors, engineered doors and plywood)
- Chipboard Business: Reported 205% YoY revenue growth and turned EBITDA positive with profit of ₹3.4 crore (Q1FY26: EBITDA loss of ₹9.8 crore; Q4FY26: EBITDA loss of ₹2.2 crore)
Capital Structure and Liquidity
- Working Capital: Improved by 3 days on YoY basis to 56 days
- Net Debt: Stood at ₹933.7 crore as on June 30, 2026
Management Commentary
Mr. Saurabh Mittal, Managing Director and Chief Executive Officer, commented on the challenging quarter due to geopolitical issues, commodity price volatility, currency fluctuations, and severe logistics challenges. He highlighted the company's focus on driving sustainable growth through operational excellence, disciplined execution, and innovation-led manufacturing. The company remains committed to creating long-term value through differentiated offerings and sustainable growth across domestic and international operations.
Company Background
Greenlam Industries Limited ranks among the top three laminate manufacturers globally and is a leading integrated substrate and surface solutions provider. The company offers products in over 120 countries with five manufacturing facilities across India in Behror (Rajasthan), Nalagarh (Himachal Pradesh), Prantij (Gujarat), Tindivanam (Tamil Nadu), and Naidupeta (Andhra Pradesh). The company holds numerous sustainability certifications including FSC®, PEFC™, ISO 14001, GRIHA, GREENPRO, REACH, ISO 45001, and ISO 50001.