Greenlam Industries Limited — PPTs, 19-11-2025: Investor Presentation

Greenlam Industries delivered robust Q2FY26 results, achieving its highest-ever quarterly revenue of INR 808.3 crore, a strong 18.7% year-on-year growth. Half-year revenue also increased by 15.3% to INR 1482.0 crore. This broad-based performance saw strong momentum across all business segments in both domestic and international markets.

Laminate business led the charge with a 10.2% value increase, driven by strong international demand and record production and sales volumes. The recently commissioned chipboard facility is gaining traction, reporting a 54.2% quarter-on-quarter revenue jump alongside reduced losses. The company's strategy involves expanding its integrated surface and substrate solutions, marked by successful greenfield and brownfield projects for laminate, plywood, and chipboard.

Gross margins expanded by 300 bps, thanks to a superior product mix, stable raw material costs, and disciplined cost management. However, Net Profit (PAT) for Q2FY26 was INR 31.8 crore, a 7.7% decline year-on-year. This was primarily due to forex fluctuations, higher depreciation, and increased interest expenses from recently operational new projects. Net debt stood at INR 995.0 crore, with working capital efficiency improving by 12 days to 47 days.