Greenply Achieves Consolidated Revenue of Rs 724.9 Crs in Q1 FY27; Core EBITDA Margins Rise to 10.8%

Greenply Achieves Consolidated Revenue of Rs 724.9 Crs in Q1 FY27; Core EBITDA Margins Rise to 10.8%​

Greenply Industries Limited, a leading manufacturer of Plywood and MDF products, announced its financial results for the quarter ended June 30, 2026. The company reported consolidated revenue of Rs 724.9 crores for Q1 FY27, marking a 20.7% increase year over year (YoY). Core EBITDA margins were recorded at 10.8%, reaching Rs 78.3 crores, a significant rise of 27.1% YoY.

The company reported strong performance across its key business segments: Plywood, MDF, and the Greenply Samet joint venture.

Segmental Performance Highlights​

Greenply’s Plywood business saw revenue reach Rs 526.6 crores, up 16.0% compared to the previous year. This segment maintained a core EBITDA margin of 8.4%. For the MDF business, revenue increased by 32.8% YoY, reaching Rs 195.7 crores. The MDF segment demonstrated robust efficiency, reporting a Core EBITDA margin of 17.3%, with realization per CBM at Rs 33,525 (before forex loss).

The Greenply Samet joint venture reported total revenue of Rs 13.61 crores, representing a doubling of revenue compared to the corresponding quarter last year. The JV also incurred a share of PAT loss amounting to Rs 5.7 crores (50%).

Key financial metrics for Q1 FY27 are detailed below:

Management Commentary and Sustainability Focus​

Commenting on the Q1 FY27 performance, Mr. Sanidhya Mittal, JMD of Greenply Industries Ltd., stated that the company is firmly progressing toward its full-year guidance. He highlighted the strong volume momentum in the Plywood business and the exceptional 32.8% revenue increase delivered by the MDF segment.

Mr. Mittal emphasized the commitment to sustainable growth, announcing the launch of a permanent 'One Sheet, One Tree' initiative. This program mandates that for every plywood sheet supplied across India, one tree will be planted, reinforcing the company's dedication to ecological responsibility and building a greener, more resilient supply chain.

Regarding the joint venture, he expressed confidence in Greenply Samet’s future, noting that the business doubled its revenue compared to the previous year and is poised for significant growth driven by expanding market presence and improved customer acceptance.

Company Overview​

Greenply Industries Limited (GIL) holds a leadership position in the plywood industry alongside its subsidiaries and associates. With five state of art manufacturing facilities across the country, GIL provides world class interior products including Plywood, MDF, blockboards, decorative veneers, and flush doors to both domestic and global markets. The company also leverages its joint venture with Samet, a leading global furniture fittings manufacturer based in Turkey, to supply functional furniture hardware.

Greenply maintains widespread presence through a distribution network comprising over 3,000 dealers and authorized stockists across more than 1,100 cities and towns in 27 states and 6 union territories.

GREENPLY Stock Price Movement​

Shares of Greenply Industries Limited are slipping sharply as of 2:02 PM, shedding 7.13% and trading at ₹298.25 in live market action. The stock trades amidst high activity today, with over 1.1 million shares exchanged during the current session.