Greenlam Industries reports INR3,046 crore revenue in FY26
Greenlam Industries reported an 18.6% increase in annual revenue to INR3,046 crores for FY26, supported by strong performance across its laminate, plywood, and chipboard segments. Despite achieving its highest quarterly revenue of INR858 crores in Q4FY26, full-year net profit declined by 18% to INR56 crores, impacted by operational losses in the chipboard business and increased depreciation and interest costs. Management projects an 18% top-line growth for FY27 and anticipates the plywood and chipboard segments will reach EBITDA breakeven during the year.
*this image is generated using AI for illustrative purposes only.
Greenlam Industries has released the transcript of its earnings call held on June 04, 2026, discussing the operational and financial performance for Q4 and FY26 for the year ended March 31, 2026. The company crossed an annual revenue of INR3,046 crores, achieving a growth of 18.6% on a year-on-year basis. This growth was driven by improved performance across all categories, including laminates, plywood, and the newly operational chipboard business. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
For the quarter ended March 31, 2026, the company reported its highest ever quarterly net revenue of INR858 crores, a 26% increase compared to INR682 crores in Q4 of the previous year. Net profit for the quarter stood at INR40 crores. On a full-year basis, net profit was INR56 crores, a decrease of 18% compared to the previous year, attributed to operational losses in the chipboard segment and higher interest and depreciation costs.
| Metric | Q4FY26 | FY26 |
|---|---|---|
| Net Revenue | INR858 crores | INR3,046 crores |
| YoY Growth | 26% | 18.6% |
| EBITDA (before forex) | INR107 crores | INR334 crores |
| Net Profit | INR40 crores | INR56 crores |
Segmental Highlights
The Laminate and Allied segment reported a revenue of INR2,433 crores for the full year, with an EBITDA margin before forex fluctuation of 15.9%. The Plywood and Allied segment revenue grew by 18.4% to INR400 crores, while the Panel and Allied segment, primarily chipboard, recorded a revenue of INR213 crores in its first full year of operations.
Operational Outlook
Management indicated that the company expects to maintain a top-line growth of around 18% in FY27. The chipboard and plywood segments are expected to reach EBITDA breakeven during the current financial year as capacity utilization improves. The working capital cycle for the full year remained stable at 57 days. The filing was submitted to BSE Limited and National Stock Exchange of India Limited and signed by Prakash Kumar Biswal, Company Secretary and Senior Vice President-Legal.
Historical Stock Returns for Greenlam Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.57% | +1.10% | +13.07% | +6.38% | +8.16% | +106.41% |
What specific strategies will management employ to improve capacity utilization and achieve the projected EBITDA breakeven in the chipboard and plywood segments?
How does the company plan to mitigate the impact of higher interest and depreciation costs to improve net profit margins in FY27?
Are there any planned capital expenditures or expansions for FY27 to support the anticipated 18% top-line growth?
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