Greenlam Industries Ltd

Greenlam Industries Q3 FY26: Revenue Up 17.3% 🚀 | Expansion & Margin Insights

• Q3 FY26 revenue grew 17.3% YoY to ₹706 crores

• Gross margin improved to 55.6%, up 60 basis points YoY

• EBITDA margin before forex and exceptional items declined to 9.2%, down 170 basis points

• Laminate segment revenue grew 8.1% YoY to ₹562 crores

• Plywood and Allied segment revenue grew 9.5% to ₹90 crores

• Chipboard revenue was ₹54.2 crores in Q3

• Laminate EBITDA margin improved 100 basis points to 14.5%

• Plywood segment reported EBITDA loss of ₹13.3 crores

• Chipboard segment reported EBITDA loss of ₹3.2 crores

• Brownfield expansion at Naidupeta plant on track with two additional laminate lines expected operational in Q4 FY27

• Management targets 18-20% annual revenue growth

• Expects chipboard and plywood segments to breakeven in FY27

• Chipboard utilization targeted to reach 55-60% in FY27

• Net debt stood at ₹1,010 crores as of December 31, 2025

• Working capital cycle improved by 9 days to 58 days year-on-year