| Revenue growth | 18.6% YoY for FY26; 26% YoY for Q4. |
|---|---|
| Margins | Gross margin 53.6% in FY26; laminate margins steady at 16-17%. |
| Demand visibility | Mixed; some secondary sales weakness noted due to pricing uncertainty. |
| Management confidence | High on market share gains despite geopolitical disruptions. |
Growth
FY26 Revenue grew 18.6% to ₹3,046cr; EBITDA grew 21% to ₹334cr. Q4 revenue grew 26% YoY to ₹858cr.
Outlook
Guided 18-20% top-line growth for FY27; adding 2 laminate lines by end of FY; aiming for segment breakeven.
Risks
Rising raw material costs (chemicals) due to West Asia conflict; depressed PAT due to new business losses and interest.
Last quarter's promises, checked
Delivered
- Guided 18-odd% top-line growth → delivered 18.6% FY26 growth (= BEAT)
- Guided Q4 as better quarter vs Q3 → delivered Q4 revenue 858cr vs Q3 706cr (= BEAT)
- Guided 50-75cr remaining capex → delivered FY26 capex within targets (= BEAT)
Partly delivered
- Guided 18-20% FY26 growth → delivered 18.6% (= PARTIAL)
- Guided 55-60% capacity utilization for FY27 → current utilization at 35-41% (= PARTIAL)
Missed
- Guided plywood breakeven by Q4 FY26 → delivered segment losses/depressed PAT (= MISS)
Earnings Call filed with BSE, NSE: GREENLAM. Summary written with AI assistance from the document.
Greenlam Industries Ltd: key numbers
- Share price
- ₹224.32
- Market cap
- ₹5,723 Cr
- Revenue (annual)
- ₹3,046 Cr
- Net profit (annual)
- ₹56.26 Cr
- P/E (TTM)
- 61.6×Sector 37.2×
- Promoter holding
- 50.98%+0.00% QoQ
- FII holding
- 1.47%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Value
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Greenlam Industries Credit Rating
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Greenlam Industries Earnings Call Transcript: Key Takeaways
Greenlam reported 18% YoY revenue growth to INR797cr for Q1FY27. EBITDA before forex rose 48% to INR81cr, with chipboard business turning EBITDA positive for the first time.
- Call
- Guides 11% growth
Greenlam Industries Investor Presentation: Key Takeaways
Q1FY27 revenue grew 18.2% YoY to ₹796.7 Cr. PAT stood at ₹21.2 Cr vs a loss of ₹15.7 Cr YoY, driven by chipboard scaling.