Greenlam Industries Limited announces Unaudited Consolidated Financial Results for Quarter Ended June 30, 2026
Greenlam Industries Limited, among the world’s top three laminate manufacturers and a leading integrated substrate and surface solutions provider, today announced its unaudited consolidated financial results for the quarter and year ended June 30, 2026.
Highlights for the Quarter ended June 30, 2026
- Net revenues stood at ₹796.7 crore, registering a YoY growth of 18.2%
- EBITDA before forex impact and exceptional items reported at ₹81.1 crore, growth of 48.3% YoY
- Chipboard business reported pre-forex operating profit of ₹3.4 crore
- Net Profit reported at ₹21.2 crore against net loss of ₹15.7 crore in Q1FY26
- Working capital improved by 3 days on YoY basis to 56 days
Financial Highlights for Q1FY27 Results – Consolidated
| (₹ in Crore) | Q1FY27 | Q1FY26 | Growth % (y-o-y) | Q4FY26 | Growth % (q-o-q) |
| Net Sales | 796.7 | 673.8 | 18.2% | 857.7 | -7.1% |
| EBITDA@ | 81.1 | 54.7 | 48.3% | 107.4 | -24.4% |
| Profit / (Loss) before Tax# | 30.9 | (14.5) | – | 52.0 | – |
| Profit / (Loss) after Tax | 21.2 | (15.7) | – | 40.5 | – |
| Basic EPS (₹)* | 0.83 | (0.62) | – | 1.59 | – |
@EBITDA is before forex fluctuations and exceptional items; #Profit before tax and exceptional items; *Not annualized
Greenlam Industries Consolidated Results, Q1FY27:
For the quarter ended on June 30, 2026, consolidated net revenues from operations witnessed a growth of 18.2%, at ₹796.7 crores, as compared to ₹673.8 crores in the corresponding quarter of the previous financial year. The laminate business witnessed overall value growth of 7.4% on YoY basis. Gross margins for the remained flat at 52.9%. Gross profit in absolute terms grew by 17.9% on YoY basis and stood at ₹421.4 crores in Q1FY27. The operating profit before forex fluctuations and exceptional items grew by 48.3% and stood at ₹81.1 crores as compared to ₹54.7 crores in the corresponding quarter last year. The Company recorded a net profit of ₹21.2 crores for Q1FY27 as compared to net loss of ₹ 15.7 crores in the corresponding quarter last year.
Speaking about the results Mr. Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries Limited said, “Despite being a challenging quarter on account of ongoing geopolitical issues leading to volatility in commodity prices, currency fluctuations and severe logistics challenges, we delivered a steady performance with year-on-year revenue growth of 18.2% taking our net consolidated revenues for the quarter at ₹796.7 crores. All our business segments reported revenue growth during the quarter. In the laminate segment, international business grew well, aided by an improved product mix and favourable currency movements, reinforcing the benefits of our strong global footprints. Our plywood & allied products segment – which includes decorative veneers, engineered floors, engineered doors and plywood – registered a healthy 20.4% YoY growth, reflecting increasing acceptance of our integrated offerings. Our chipboard business, which delivered 205% YoY revenue growth, underscoring the long-term potential of this segment.
Gross margins during the quarter stood at 52.9%, despite increase in raw material costs and logistics challenges in the current quarter. During the quarter we have passed on the raw material cost increase to market. EBITDA before forex fluctuation grew by 48.3% and stood at ₹81.1 crores. EBITDA margin improved by 210 bps to 10.2% in Q1FY27. Chipboard business turned EBITDA positive with profit of ₹3.4 crores in Q1FY27 as against EBITDA loss of ₹9.8 crores in Q1FY26 and EBITDA loss of ₹2.2 crores in Q4FY26.
Our working capital days improved by 3 days and stood at 56 days during the quarter. Our net debt as on June 30, 2026 stood at ₹933.7 crores.
At Greenlam, we remain focused on driving sustainable growth through operational excellence, disciplined execution, and innovation-led manufacturing. Backed by a diversified portfolio of premium surfacing and substrate solutions and an expanding market presence, we are well-positioned to address evolving customer needs and capitalize on growth opportunities across markets. We remain committed to creating long-term value through differentiated offerings, strong business fundamentals, and sustainable growth across our domestic and international operations.”
