Greenply Industries Limited has set ambitious growth targets following its exceptional Q4FY26 performance, with management expecting 25-30% growth in MDF volume by 2027. The company has also declared double-digit margins in the plywood segment as the new standard, reflecting strong operational efficiency and market positioning.

Management Outlook and Strategic Targets

During the recent concall update, Greenply Industries management outlined clear growth expectations for the MDF business segment, targeting substantial volume expansion over the next fiscal period. The company's confidence stems from successful capacity expansion and strong market demand trends.

Record Q4FY26 Financial Performance

The company achieved its highest ever quarterly consolidated revenue of ₹776.20 crores in Q4FY26, marking a 19.60% year-on-year increase. This exceptional performance provides the foundation for management's optimistic growth projections.

The company's core EBITDA reached ₹93.20 crores in Q4FY26, representing a substantial 37% year-on-year increase. The EBITDA margin expanded significantly to 12.00% compared to 8.70% in the previous quarter, marking an improvement of 330 basis points.

Business Segment Performance Analysis

The Plywood business delivered strong performance with revenue of ₹588.50 crores, representing a 14.60% year-on-year increase. Volume growth of 15.60% demonstrates strong market demand and effective business execution, supporting management's declaration of double-digit margins as the new standard.

The MDF business segment showed exceptional growth momentum with revenue reaching ₹189.40 crores, marking a 39.60% year-on-year increase. Volume growth of 45.30% reflects successful capacity expansion and supports the management's ambitious 25-30% growth target by 2027.

Full Year FY26 Consolidated Results

For the complete financial year FY26, Greenply Industries maintained strong growth momentum with consolidated revenue of ₹2,739.00 crores, representing a 10.10% year-on-year increase, establishing a solid foundation for future growth initiatives.

Greenply Industries Limited has announced a board meeting scheduled for April 28, 2026, to consider and approve the audited financial statements for the quarter and financial year ended March 31, 2026. The company filed the intimation with stock exchanges on April 23, 2026, under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting will address key financial and strategic matters for the company:

Trading Window Restrictions

In compliance with insider trading regulations, the company has implemented trading window restrictions:

Upcoming Earnings Conference Call

Following the board meeting, the company has also scheduled an earnings conference call to discuss the operational and financial performance:

Management Participation

Senior management officials will represent the company during the earnings conference call:

• Mr. Manoj Tulsian - Joint Managing Director & CEO
• Mr. Sanidhya Mittal - Joint Managing Director
• Mr. Sanjiv Keshri - Chief Financial Officer

Regulatory Compliance

The board meeting intimation was signed by Kaushal Kumar Agarwal, Company Secretary & Vice President-Legal, and submitted to both BSE Limited and National Stock Exchange of India Limited. The company has assured that no Unpublished Price Sensitive Information (UPSI) will be shared during the conference call, maintaining full regulatory compliance.