Greenpanel Q4 FY26 MDF Volumes Up 29.5% YoY

Greenpanel held its Q4 FY26 earnings call, reporting 29.5% YoY domestic MDF volume growth and 16.9% for the full year.
The company achieved an operational EBITDA of INR 132.7 crore (8.8% of revenue), in line with revised guidance, despite a INR 49 crore forex loss.
Management announced a 15% price hike to counter 40-45% chemical cost inflation but refrained from giving formal FY27 guidance due to geopolitical uncertainty.
Capacity utilization stands at 60%, providing significant headroom for organic growth without major capital expenditure in FY27.