Greenlam Industries Corporate Filings & Announcements

Furnishing company Greenlam Industries announced Q2FY26 results Net revenues reported at Rs 808.3 crore, growth of 18.7% on YoY basis. Overall laminate business grew by 10.2% in value terms and 7.4% in volume terms on YoY basis. EBITDA before forex fluctuations reported at Rs 106.8 crore, growth of 32.3% on YoY basis. Net Profit reported at Rs 31.8 crore, de-growth of 7.7% on YoY basis, due to forex fluctuation, higher depreciation and interest expenses from new projects. Working capital stood at 47 days improvement of 12 days on YoY basis. Saurabh Mittal, Managing Director & Chief Executive Officer, Greenlam Industries, said: “We are pleased to share that the second quarter of this fiscal year delivered a well-rounded financial performance across all key parameters. This quarter marked our highest overall revenues, crossing Rs 808.3 crore, reflecting a growth of 18.7% on YoY basis and 20.0% on QoQ basis. The performance was broad-based, supported by strong momentum across all business segments, both in domestic and international markets. We achieved our highest laminate production and sales during the quarter, with production volume rising by 5.3% and sales volume increasing by 7.4%. The laminate business grew by 10.2% in value terms, led primarily by robust international demand. Our plywood and allied segment—which includes plywood, decorative veneers, engineered floors and engineered doors—also delivered healthy value growth of 22.2% on YoY basis, with the plywood and doors businesses growing 51.6% and 25.6% respectively. Our recently commissioned chipboard facility continued to gain traction, recording a QoQ revenue increase of 54.2% along with reduction in losses. Operationally, our margins improved on the back of superior product mix, stable raw material costs and disciplined cost management. Gross margins expanded by 300 bps YoY to 54.6%, while EBITDA margins improved by 130 bps YoY to 13.2%. EBITDA before forex fluctuations grew 32.3% YoY to Rs 106.8 crore. Importantly losses in chipboard and plywood narrowed. Net profit for the quarter stood at Rs 31.8 crore, lower by 7.7% YoY, primarily due to forex fluctuation, higher depreciation and interest expenses from new projects that commenced operations last year. Our net working capital improved by 12 days and stood at 47 days in Q2FY26, reflecting our strong commercial discipline and improving revenue churn. Net debt stood at Rs 995.0 crore. At Greenlam, we remain steadfast in our commitment to sustainable growth, efficient resource management and navigating industry headwinds with resilience. We continue to bring innovative, design-forward, high-quality surfacing and substrate solutions to our customers, transforming spaces with cutting-edge technology and trusted craftsmanship.” Result PDF

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Greenlam Industries Corporate Filings & Announcements

Latest corporate announcements and filings from Greenlam Industries on BSE