Greenlam Industries Limited — Investor Meet, 03-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Greenlam Industries reported Q3 FY26 revenue of ₹706 Cr, up 17.3% YoY, though sequentially softer due to seasonality. 9M revenue rose 15.9% to ₹2,188 Cr. The company posted a Q3 net loss of ₹0.6 Cr, impacted by higher operating costs and a ₹6.2 Cr exceptional wage code charge.

Management anticipates Q4 sales will rebound, aiming for 18% top-line growth, aligning with historical trends. Laminate brownfield expansion is on track for Q4 FY27. Greenlam is streamlining its brands under Greenlam and Mikasa. New Plywood and Chipboard divisions are targeting breakeven in FY27, aiming for 55-60% utilization. Net debt stands at ₹1,010 Cr.