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Greenply reported strong Q1 FY27 results with consolidated revenue of ₹724.9 Cr (+20.7% YoY) and core EBITDA of ₹78.3 Cr (10.8% margin). Plywood revenue grew 16% and MDF 32.8% year-on-year. Management targets 10% plywood and 25-30% MDF volume growth for FY27.
The new MDF flooring line is operational, and expansion projects in Vadodara (MDF) and Orissa (Plywood) are progressing as planned. The company is implementing 'ContiRoll Tech' for enhanced plywood efficiency. Input costs remain dynamic but are being managed. The hardware JV aims to eliminate losses by mid-next year. Greenply anticipates peak debt around ₹710-730 Cr by FY27 end, with subsequent reduction. Management is confident in its growth trajectory and strategic initiatives.