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.

Greenlam Industries Limited , a leading manufacturer of decorative laminates, has reported a strong performance for the second quarter of fiscal year 2026, with significant growth in revenue and profitability. The company has also announced plans for expansion in its core laminates business.

Financial Highlights

Greenlam Industries achieved quarterly revenue of Rs 808.00 crores, marking an 18.7% year-on-year growth. The company's gross margin improved to 54.6%, one of the highest levels it has achieved. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) crossed Rs 100.00 crores for the quarter.

Segment Performance

Laminates and Allied Products

The laminates segment, which continues to be Greenlam's largest business, showed robust performance:

• Revenue grew by 10.2% year-on-year to Rs 658.00 crores
• Volume growth of 7.4% year-on-year
• EBITDA margin stood at 18.7%, an improvement of 400 basis points year-on-year
• Production reached 5.9 million sheets and boards, with a utilization level of 96%

Plywood and Allied Segment

This segment, which includes plywood, decorative veneer, engineered doors, and engineered floors, also showed improvement:

• Revenue grew by 22.2% year-on-year to Rs 102.00 crores
• EBITDA loss reduced to Rs 3.90 crores, down from Rs 6.20 crores in the same quarter last year

Chipboard Segment

The relatively new chipboard business is gaining traction:

• Revenue grew by 54.2% quarter-on-quarter to Rs 47.80 crores
• Volume growth of around 80% quarter-on-quarter
• Production volumes reached 26,571 cubic meters at a utilization level of 36%

Expansion Plans

Greenlam Industries has announced a brownfield expansion of its laminates capacity:

• Addition of 2 million sheets and boards capacity at the Andhra Pradesh facility
• Expected to generate revenue in the range of Rs 375.00-400.00 crores
• Commercial production anticipated to begin in Q4 FY27

Management Commentary

Saurabh Mittal, Managing Director and CEO of Greenlam Industries, commented on the results: "We have crossed Rs. 800 crores of revenue in Q2 FY '26, with the business growing by about 18.7% on a year-on-year basis. Our core laminates business has performed strongly, maintaining 96% utilization and 18.7% EBITDA margins."

Mittal added, "We are focusing on completing the channel appointment for our chipboard business, streamlining and expanding business with furniture makers and OEMs. We are hopeful that the business will keep improving in the time to come."

Future Outlook

The company remains optimistic about its growth prospects:

• Aims to maintain 16% EBITDA margin guidance for the laminates segment on a yearly basis
• Expects to achieve EBITDA break-even in the chipboard segment by FY27
• Plywood segment is approaching break-even, with revenues increasing each quarter

Greenlam Industries' strong performance in Q2 FY26 and its expansion plans indicate the company's commitment to growth and market leadership in the decorative laminates and allied products sector. The diversification into chipboard and the steady improvement in the plywood segment suggest a balanced approach to business development.