Greenpanel FY26 Results: Volumes Up, Forex Hits Profit

Greenpanel Industries reported audited FY26 results with MDF domestic volume growth of 16.9% YoY and total volume growth of 12.9%.
Gross margin improved 130 bps to 48.2%, but net profit fell due to a Rs. 49 Cr forex loss on Euro borrowings and higher depreciation.
The company reduced net debt to Rs. 156 Cr and maintained a cash conversion cycle of 38 days while launching new products and marketing initiatives.
Management highlighted a renewed focus on sales and marketing to drive volume salience and cost base improvements for profitability.