Greenlam Industries Ltd
Greenlam Industries Q2 FY26: Revenue Up 18.7% š | Margins Improve, Expansion Plans Unveiled
- Q2 FY26 revenue: ā¹808 Cr, up 18.7% YoY
- Gross margin: 54.6%, up 300 bps YoY
- EBITDA before FOREX: ā¹107 Cr, up 32% YoY (13.2% margin)
- Net profit: ā¹31.8 Cr vs ā¹34.4 Cr YoY (impacted by depreciation, interest, FOREX)
- Laminate revenue: ā¹658 Cr, up 10.2% YoY (18.7% EBITDA margin)
- Plywood revenue: ā¹102 Cr, up 22.2% YoY (EBITDA loss reduced to ā¹3.9 Cr)
- Chipboard revenue: ā¹47.8 Cr, up 54.2% QoQ (volumes up 80%)
- Brownfield expansion: 2M sheets/boards, expected ā¹375-400 Cr revenue by Q4 FY27
- Working capital days improved to 47
- Net debt reduced by ā¹45 Cr to ā¹995 Cr
- Chipboard EBITDA break-even expected by FY27, Plywood in near term