Greenlam Industries , a leading manufacturer of decorative laminates and allied products, has reported its financial results for the second quarter of fiscal year 2026, showcasing robust growth across segments. The company also made a significant correction to its investor presentation regarding the FY22 Profit After Tax (PAT) figure.

Q2FY26 Financial Highlights

Greenlam Industries achieved its highest quarterly revenues to date, with substantial year-on-year growth:

The company's performance was broad-based, with strong momentum across all business segments in both domestic and international markets.

Segment Performance

Laminates & Allied Segment

• Highest laminate production and sales achieved during the quarter
• Production volume increased by 5.30%
• Sales volume grew by 7.40%
• Segment revenue grew by 10.20% in value terms, primarily driven by robust international demand

Chipboard Segment

• Newly commissioned facility showed significant improvement
• Quarter-on-quarter revenue increase of 54.20%
• Reduction in losses reported

Profitability and Margins

Despite the strong top-line growth, the company faced some challenges:

• Gross margins expanded by 300 basis points due to superior product mix, stable raw material costs, and disciplined cost management
• EBITDA margins improved by 130 basis points
• Net profit declined by 7.70% year-on-year, primarily due to forex fluctuations, higher depreciation, and increased interest expenses from newly operational projects

Balance Sheet and Working Capital

• Net debt as of September 2025: ₹995.00 crore
• Working capital improved by 12 days to 47 days in the current quarter

Investor Presentation Correction

Greenlam Industries has issued a correction to its investor presentation regarding the Profit After Tax (PAT) figure for FY22:

• Previously reported PAT for FY22: ₹187.00 crore
• Corrected PAT for FY22: ₹90.60 crore

The company attributed this to an inadvertent error on page 9 of the original investor presentation. Greenlam has submitted a revised presentation to the stock exchanges after incorporating this correction.

Management Commentary

While specific management quotes were not provided, the company's performance indicates a positive outlook, with strong growth in revenues and improvements in operational efficiency across segments. The correction of the FY22 PAT figure demonstrates the company's commitment to transparency and accurate reporting to its stakeholders.

Greenlam Industries continues to focus on expanding its product portfolio and market presence, as evidenced by the recent commissioning of its chipboard facility and the strong performance in the laminates segment, particularly in international markets.

Investors and analysts are advised to take note of the corrected FY22 PAT figure and consider the latest financial results in their assessment of the company's performance and future prospects.

Greenlam Industries Limited , a leading manufacturer of decorative laminates, has once again demonstrated its export prowess by securing the export excellence award for the highest exporter of decorative laminates. This recognition, bestowed by The Plastic Export Promotion Council (sponsored by the Ministry of Commerce & Industry, Department of Commerce, Government of India), covers the years 2023-24 and 2024-25.

Consistent Export Leadership

This latest accolade marks an impressive milestone for Greenlam Industries, as it represents the company's sixteenth consecutive year of winning the top exporter award in the decorative laminates segment. This consistent performance underscores Greenlam's sustained leadership and competitiveness in the global market for decorative laminates.

Recognition and Impact

The award not only highlights Greenlam's export volume but also reflects the quality and demand for its products in international markets. Receiving this recognition from a government-sponsored council adds significant credibility to Greenlam's export achievements.

Company's Response

Commenting on this achievement, the company stated, "We are pleased to inform you that our Company has received the export excellence award as highest exporter of 'Decorative Laminates' for the years 2023-24 and 2024-25 from The Plastic Export Promotion Council. With this, Greenlam Industries Limited has become a proud recipient of the Top Exporter of Decorative Laminates award for Sixteen (16) consecutive years."

Market Implications

This consistent export performance may have positive implications for Greenlam Industries' market position and financial health. Sustained export leadership often translates to:

1. Stable revenue streams from international markets
2. Enhanced brand reputation globally
3. Potential for further market expansion

Looking Ahead

While the award celebrates past performance, it also sets expectations for Greenlam Industries' future in the export market. The company's ability to maintain this leadership position for over a decade and a half suggests a strong foundation for continued success in international trade.

As global markets evolve and competition intensifies, Greenlam Industries' consistent export performance positions it well to navigate future challenges and opportunities in the decorative laminates sector.

The company's commitment to maintaining its export leadership is evident, and stakeholders will likely be watching closely to see how Greenlam builds on this achievement in the coming years.