Greenlam Industries Announces Audited Consolidated Financial Results for Q4 and Full Year FY26

Greenlam Industries Announces Audited Consolidated Financial Results for Q4 and Full Year FY26​

Greenlam Industries Limited, a leading integrated substrate and surface solutions provider and one of the world's top three laminate manufacturers, today announced its audited consolidated financial results for the quarter and year ended March 31, 2026.

Q4 FY26 Performance Highlights​

For the quarter ending March 31, 2026, the company reported net revenues of ₹857.7 crore, marking a year-on-year (YoY) growth of 25.8%. The overall laminate business expanded by 14.4% in value terms on a YoY basis.

EBITDA before forex impact and exceptional items reached ₹107.4 crore, reflecting a significant growth of 57.1% YoY. The reported net profit for the quarter was ₹40.5 crore. Furthermore, working capital improved by 4 days YoY, standing at 51 days.

Key consolidated financial metrics for Q4 FY26 are presented below:


The company noted that gross margins for the quarter improved by 80 basis points, settling at 51.5% compared to 50.7% in Q4 FY25.

FY26 Financial Snapshot​

For the full fiscal year ended March 31, 2026, consolidated net revenues from operations saw a growth of 18.6%, reaching ₹3,046.1 crores from ₹2,569.3 crores in the previous financial year.

Overall, the laminate business grew 9.3% in value terms YoY. The consolidated EBITDA before forex impact and exceptional items stood at ₹334.2 crore, an increase of 21.0% YoY, compared to ₹276.1 crore in FY25. The net profit recorded for FY26 was ₹56.0 crore, which was lower by 18.1% YoY, compared to ₹68.4 crore in FY25.

The net profit reduction for the year was attributed primarily to higher operating costs, forex fluctuations, exceptional items, and increased interest and depreciation for the chipboard business.

Financial highlights for the full year are detailed in the table below:

Management Commentary​

Speaking on the results, Saurabh Mittal, Managing Director and Chief Executive Officer, stated that the company delivered a steady performance with year-on-year revenue growth of 25.8% for the quarter, bringing net consolidated revenues to ₹857.7 crores and exceeding ₹3,000.0 crores in annual revenues for FY26.

Mittal highlighted the resilience of the business model and the strength of the diversified portfolio, noting that all business segments reported revenue growth during the quarter. In the plywood and allied products segment (including decorative veneers, engineered floors, engineered doors, and plywood), the company registered a healthy 17.9% YoY growth. The chipboard business, which commenced commercial production in Q4 FY25, continues to scale up well, delivering 47.3% sequential revenue growth.

Regarding profitability, the Managing Director pointed out that gross margins for the quarter expanded by 80 basis points to 51.5%, despite raw material cost increases. He added that the company's proactive supply chain management minimized the impact of price volatility, and the entirety of the raw material cost increase was passed on to the market in April 2026. EBITDA before forex fluctuation increased by 250 basis points to 12.5% in Q4 FY26, compared to 10.0% in Q4 FY25.

The company also reported that its net debt as of March 31, 2026, stood at ₹940.1 crores, and working capital days improved by 4 days to 51 days during the quarter.

GREENLAM Stock Price Movement​

On Friday, Greenlam Industries Limited shares edged higher, closing at ₹237.23, thereby posting a 1.33% gain for the session. The stock traded on a volume of 127,483 shares and finished within a daily range of ₹226 to ₹242.