GREENLAM INDUSTRIES LTD.

Greenlam Industries Limited reported an 18% year-on-year revenue growth for Q1 FY 2026-27, reaching nearly INR800 crores, with an EBITDA of INR81 crores before forex. Management highlighted that most business segments experienced revenue growth, with the chipboard segment achieving EBITDA positivity for the first time. However, ongoing conflicts in West Asia led to volatility in input prices and delays in export shipments, postponing nearly INR27 crores of revenue to the next quarter. The company implemented price hikes in response to rising raw material costs, passing on 7% to 8% of these increases to customers. Segment-wise, laminates grew by 7%, plywood by 20%, and the panel segment saw a significant 200% increase. Management set a capex budget of around INR130-135 crores for the year, focusing on existing asset utilization and laminate expansion. The earnings call concluded with management expressing optimism about maintaining growth despite challenges.

Management emphasized strong revenue growth and positive developments across multiple segments.