Greenlam Industries Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Greenlam Industries delivered strong Q2 FY26 results with consolidated revenue up 18.7% YoY to Rs. 808 Cr and EBITDA up 32% to Rs. 107 Cr. Gross margins hit a high of 54.6%. The Laminates segment grew revenue by 10.2% and achieved an 18.7% EBITDA margin, operating at 96% utilization. Plywood revenue surged 22.2%, with reduced EBITDA loss. Chipboard revenue increased 54.2% QoQ. Management is focused on execution post-expansion, targeting 18-20% consolidated growth. A Brownfield Laminates expansion is planned. The company aims for Chipboard EBITDA break-even by FY27 and Plywood by Q4 FY26. Net debt also saw a reduction. Overall, the company is confident about sustained growth and operational efficiency.