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Latest news about Greenlam Industries

Greenlam Industries Reports Strong Q2FY26 Results, Corrects FY22 PAT Figure Nov 19, 2025

Greenlam Industries achieved record quarterly revenues of ₹808.30 crore in Q2FY26, up 18.70% year-on-year. The laminates segment saw highest production and sales, with 7.40% growth in sales volume. The chipboard segment improved with 54.20% quarter-on-quarter revenue increase. Despite revenue growth, net profit declined 7.70% to ₹31.80 crore due to forex fluctuations and higher expenses. The company corrected its FY22 PAT figure from ₹187.00 crore to ₹90.60 crore in its investor presentation.

Greenlam Industries Clinches Top Exporter Award for 16th Consecutive Year Nov 17, 2025

Greenlam Industries Reports 18.7% Revenue Growth to Rs 808 Crores in Q2 FY26, Announces Brownfield Expansion Nov 17, 2025

Greenlam Industries Reports Mixed Q2 Results with Revenue Growth but Lower Profit Nov 08, 2025

Upnishad Holdings Acquires 7.4% Stake in Greenlam Industries Through Block Deal Sep 17, 2025

More news about Greenlam Industries

17Sept 25

Greenlam Industries: Saurabh Mittal Boosts Stake to 11.33% in Promoter Group Reshuffle

Saurabh Mittal, a promoter of Greenlam Industries, has increased his stake in the company from 9.13% to 11.33% through an inter-se transfer of 56.11 lakh equity shares from other family members on September 15, 2025. The shares were transferred from Shiv Prakash Mittal (50,60,000 shares) and Santosh Mittal (5,51,800 shares). The total promoter group holding remains unchanged at 50.98% of the company's total equity share capital.

11Aug 25

Greenlam Industries Unveils Ambitious Expansion and Transformation Strategy

Greenlam Industries has invested Rs. 1,450 crores in expansion projects from FY23 to FY25, increasing manufacturing facilities from 2 to 5 and product lines from 3 to 6. The company's addressable market has grown 3.5 times to Rs. 49,400 crores. Q1FY26 saw revenue growth of 11.4% to Rs. 673.80 crores, with domestic business up 22.2% year-on-year. However, the company reported a net loss of Rs. 15.70 crores due to forex losses and initial losses from the new chipboard business. The chipboard facility in Andhra Pradesh achieved 30% capacity utilization in its first full quarter. Greenlam has consolidated its brands under the 'Mikasa' name and aims to generate Rs. 4,500 crores in revenue over the next 3-4 years.

07Aug 25

EU's Anti-Dumping Duty on Chinese Decor Paper: Potential Impact on Greenlam Industries

The European Union has imposed a definitive anti-dumping duty on Chinese decor paper, aiming to protect the European market from unfairly priced imports. This decision could benefit non-Chinese manufacturers like India-based Greenlam Industries. The move may level the playing field, offering Greenlam a potential competitive edge and market opportunity in the EU. However, the company may need to reassess its supply chain if it sources decor paper from China for European operations. The decision could lead to shifts in global trade patterns and pricing dynamics in the decorative laminates industry.

01Aug 25

Greenlam Industries Shareholders Approve Reappointment of Matangi Gowrishankar as Independent Director

Greenlam Industries Limited shareholders have approved the reappointment of Ms. Matangi Gowrishankar as an Independent Women Director for a second five-year term. The decision was made during the company's 12th Annual General Meeting, with 99.92% of votes in favor. Ms. Gowrishankar brings over four decades of leadership experience across various industries, including banking, IT, manufacturing, and oil and gas. She holds a postgraduate degree in Personnel Management & Industrial Relations and has worked with multinational organizations in India, UK, and Singapore. The AGM also saw the adoption of financial statements, declaration of a dividend, and appointment of Secretarial Auditors.

28Jul 25

Greenlam Industries: Mixed Bag of Government Incentives and Tax Notices

Greenlam Industries' subsidiary, Greenlam Limited, has been granted special incentives by the Andhra Pradesh government for its Particle Board project in Naidupeta. Simultaneously, the company faces tax recovery demands of approximately Rs. 7.69 crore from Himachal Pradesh authorities for alleged incorrect IGST refunds during 2018-2021. Greenlam is reviewing the tax notices and considering legal options, expecting no material impact on its financials.

28Jul 25

Greenlam Industries' Subsidiary Secures Extended Incentives from Andhra Pradesh Government

Greenlam Industries Limited announced that its wholly owned subsidiary, Greenlam Limited, has been granted a special package of incentives by the Government of Andhra Pradesh. The incentives, part of the Andhra Pradesh Industrial Development Policy 2024-2029, cover the existing Particle Board project and potential future investments up to March 2029 in Naidupeta. While specific details were not disclosed, the incentives are subject to certain conditions. This development is expected to support the company's growth plans and strengthen its position in the particle board market.

22Jul 25

Greenlam Industries to Establish ₹1,147 Crore Wood Laminate Plant in Andhra Pradesh

Greenlam Industries has received approval from the Andhra Pradesh government to establish a wood laminate and particle board manufacturing facility in Naidupeta. The company plans to invest ₹1,147 crore in the project, which will be the largest wood laminate manufacturing facility in South India. The facility will have an annual production capacity of 7 million sheets of high-pressure laminate and 2.90 lakh cubic meters of wood-based particle board. The state government has approved incentives worth over ₹329 crore, including capital subsidy, turnover incentive, and power tariff subsidies. Despite this expansion, Greenlam's recent financial performance has been mixed, with 11.40% revenue growth falling short of guidance. The company's stock closed 1.73% lower at ₹241.00 and has declined 19.00% year-to-date.

17Jul 25

Greenlam Industries to Invest ₹1,147 Crore in Andhra Pradesh Wood Laminate Facility

Greenlam Industries, a leading decorative laminates manufacturer, plans to invest ₹1,147 crore in a new wood laminate facility in Andhra Pradesh. The state government has agreed to provide ₹329 crore in incentives for the project. This expansion is expected to increase Greenlam's production capacity and improve its market presence in southern India.

16Jul 25

Greenlam Industries to Invest ₹11.47 Billion in Wood Laminate Facility in Andhra Pradesh

Greenlam Industries plans to establish a new wood laminate facility in Andhra Pradesh with a total investment of ₹11.47 billion. The Andhra Pradesh government is offering ₹3.29 billion in incentives to support this initiative. This investment is expected to increase production capacity, create jobs, contribute to economic growth, and potentially strengthen Greenlam Industries' market position in the decorative laminates sector.

11Jul 25

Greenlam Industries Faces ₹211.5 Million Demand in Customs Duty and Penalties

Greenlam Industries has received a demand of ₹211.5 million from the Office of Commissioner of Customs, Custom House, Kandla. The demand includes ₹70.50 million in duty, ₹40 million as redemption fine, and ₹141 million in penalties, related to imports under advance authorization. The dispute concerns anti-dumping duty on base paper and IGST exemption. The company plans to appeal within the three-month window and is optimistic about a favorable outcome, stating it doesn't expect a material impact on its financials or operations.

30May 25

Greenlam Industries Q4 Results: Revenue Up, Profits Down Amid Margin Pressure

Greenlam Industries' Q4 financial results show a 9% increase in revenue to ₹6.80 billion, but significant profitability challenges. EBITDA decreased by 23.4% to ₹640.00 million, with the EBITDA margin falling to 9.38% from 13.39%. Consolidated net profit sharply declined to ₹21.00 million from ₹410.00 million in the same quarter last year, despite an improvement from the previous quarter's ₹127.00 million.