Greenlam Reports Strong Q1 Results for FY27; Net Revenue Reaches ₹796.7 Crore
Greenlam Industries Limited, a globally recognized integrated substrate and surface solutions provider, announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported steady performance despite challenges related to geopolitical issues, commodity volatility, and logistics difficulties.The company recorded net revenues of ₹796.7 crore for the first quarter of fiscal year 2027, marking a year-on-year growth of 18.2%. Operating efficiency saw significant improvement, with EBITDA before forex impact and exceptional items reported at ₹81.1 crore, a rise of 48.3% compared to the previous year.
For the quarter, Gross margins stood at 52.9%. Absolute gross profit increased by 17.9% on a year-on-year basis, reaching ₹421.4 crores. The company transitioned from a loss in Q1FY26 to registering a net profit of ₹21.2 crores in the current quarter.
Financial Performance at a Glance (Q1 FY27)
The consolidated financial performance demonstrates varied trends across different periods:| Metric | Q1FY27 | Q1FY26 | Growth % (Y-o-Y) | Q4FY26 | Growth % (Q-o-Q) |
|---|---|---|---|---|---|
| Net Sales (₹ in Crore) | 796.7 | 673.8 | 18.2% | 857.7 | -7.1% |
| EBITDA (@ ₹ in Crore) | 81.1 | 54.7 | 48.3% | 107.4 | -24.4% |
| Profit / (Loss) before Tax | 30.9 | (14.5) | - | 52.0 | - |
| Profit / (Loss) after Tax | 21.2 | (15.7) | - | 40.5 | - |
| Basic EPS (₹) | 0.83 | (0.62) | - | 1.59 | - |
Segment Highlights and Financial Health
The company reported healthy growth across its various segments. The plywood and allied products segment, which includes decorative veneers, engineered floors, engineered doors, and plywood, registered a 20.4% YoY growth, reflecting increased acceptance of the integrated offerings.The laminate business saw overall value growth of 7.4% year-on-year. In its chipboard division, Greenlam turned EBITDA positive, reporting a profit of ₹3.4 crores for Q1FY27, compared to an EBITDA loss in both Q1FY26 and Q4FY26.
The operational improvements extended to efficiency metrics. The company’s working capital days improved by 3 days, stabilizing at 56 days during the quarter. Furthermore, Greenlam reported that its EBITDA margin improved by 210 basis points (bps) to 10.2% in Q1FY27. As of June 30, 2026, the company’s net debt stood at ₹933.7 crores.
Management Commentary
Saurabh Mittal, Managing Director and Chief Executive Officer of Greenlam Industries Limited, stated that despite a challenging quarter marked by geopolitical issues, currency fluctuations, and severe logistics hurdles, the company delivered a steady performance. He highlighted that all business segments registered revenue growth for the quarter.Mittal noted that the international laminate segment benefited from an improved product mix and favorable currency movements, bolstering its strong global presence. The consolidated results reinforce Greenlam’s commitment to sustainable growth through operational excellence and innovation-led manufacturing across both domestic and international markets.
GREENLAM Stock Price Movement
On Friday, shares of Greenlam Industries Limited edged higher, closing at ₹273.70 after gaining 0.31%. The stock traded 175,082 shares, remaining impressively close to its 52-week high of ₹278.63.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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