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Earnings Call Transcript

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.

Guidance and delivery
Management target Revenue 11.0% FY27
Highlights
Revenue growth18% consolidated YoY growth; laminate revenue up 7%.
MarginsGross margin flat at 53%; EBITDA margin improved 210bps.
Demand visibilityHealthy underlying demand; domestic retail stable despite project challenges.
Management confidenceHigh on chipboard turnaround and maintaining laminate growth guidance.

Growth

Revenue grew 18% YoY; Net Profit reached INR21cr vs INR15.5cr loss. Laminate revenue rose 7% YoY.

Outlook

FY27 revenue growth guided at 10-12% for laminates; planned FY27 capex of INR130-135cr.

Risks

West Asia conflicts causing volatile freight costs and container delays, postponing INR27cr in export shipments.

Last quarter's promises, checked

Delivered

  • Guided 18-20% FY27 top-line growth → delivered 18% Q1FY27 (= BEAT)
  • Target chipboard EBITDA breakeven in FY27 → achieved EBITDA positive Q1FY27 (= BEAT)
  • Maintain working capital ~57 days → maintained cycle (= BEAT)

Partly delivered

  • Target debt reduction ~INR50cr in FY27 → net debt INR934cr vs INR940cr (= PARTIAL)

Missed

  • Guided 10-12% laminate growth → delivered 7% (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: GREENLAM. Summary written with AI assistance from the document.

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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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