Greenlam Industries Ltd — earnings calls

Greenlam Industries reported consolidated revenue growth of 18% year-on-year to nearly Rs 800 crore in Q1 FY27, with EBITDA before forex of Rs 81 crore and gross margin maintained around 53%. The chipboard business turned EBITDA positive for the first time while plywood losses continued to narrow, and management said nearly Rs 27 crore of export shipments were postponed due to container and freight disruptions linked to the West Asia conflict. Management said raw material and freight costs remained volatile during the quarter and that price hikes taken earlier in the year were partly reversed as chemical prices softened.

Greenlam Industries reported FY26 consolidated net revenue crossing Rs 3,046 crore, up 18.6% year-on-year, with growth driven by the laminates, plywood and newly launched chipboard businesses. Q4 net revenue grew 26% year-on-year to Rs 858 crore, the company's highest ever quarterly revenue, while full-year net profit declined 18% due to chipboard operating losses and higher interest and depreciation costs. Management said raw material costs rose sharply from around March due to the West Asia conflict, most of which was passed on to customers, and gave FY27 growth guidance of around 18% at the topline.