Greenply Records Strong Q1 FY27 Performance with 20.7% Revenue Growth and Solid EBITDA Margins

Greenply Records Strong Q1 FY27 Performance with 20.7% Revenue Growth and Solid EBITDA Margins​

Greenply Industries Ltd reported significant growth across its core business segments in the first quarter of fiscal year 2027 (Q1 FY27). The company demonstrated robust performance, driven by strong sales volume increases in both the plywood and MDF businesses, while maintaining a healthy financial structure.

Consolidated results showed revenue climbing to 724.9 crores in Q1 FY27, up 20.7% compared to Q1 FY26 (600.8 crores). Core EBITDA reached 78.3 crores, representing a 27.1% year-on-year increase. Profit Before Tax stood at 49.5 crores, marking a 55.8% rise from the previous fiscal year.

The company's financial stability was highlighted by its debt position as of June 2026. Total Gross Debt stood at 554 crores, while Equity stood at 932 crores. The Net Debt to Equity (D/E) ratio reported was 0.57.

Segment Performance Highlights​

The performance across both the plywood and MDF businesses showed marked strength:

India Plywood Business
In Q1 FY27, the plywood business generated a revenue of 513.2 crores, reflecting a 17.3% increase year-on-year (YoY). The segment recorded Core EBITDA of 44.5 crores, which is a 23.5% jump from the previous period. Reported Profit After Tax (PAT) for Q1 FY27 was 26.6 crores, compared to 20.5 crores in Q1 FY26.

India MDF Business
The MDF segment saw impressive growth, with Total Revenue reaching 195.7 crores—a 32.8% increase YoY from the previous year (147.3 crores). Core EBITDA for the MDF business was reported at 33.9 crores, showing a 32.2% rise compared to Q1 FY26. Reported PAT for the MDF business was 16.8 crores.

Operational Strength and Investments​

Greenply maintained strong operational capacities across its manufacturing base:


The company also reported updates on its Furniture Hardware JV, Greenply Samet. In Q1 FY27, the joint venture generated a revenue of Rs 13.61 crores. The share of PAT loss for the JV was recorded at Rs 5.7 Crores, with GIL's equity investment standing at Rs 105 Crs to date.

Market and Stakeholder Insights​

The company’s marketing strategy employs a differentiated approach across market segments. For the 'Green' campaign, the objective is to drive preference among high-value, quality-conscious consumers by highlighting superior product features like Waterproof, Fire Retardant, and E-0 certification. The 'Ecotec' campaign focuses on converting unbranded plywood users through messaging centered on durability and performance.

As of June 30, 2026, the company’s shareholder profile included significant institutional backing:


The company also noted its dedication to community and industry influence through various programs, including a Wellbeing Programme and targeted collaborations with architects.

GREENPLY Stock Price Movement​

At 2:05 PM, shares of Greenply Industries Limited are slipping by 6.82% in live trading, with the stock currently trading at ₹299.25. The company traded a total volume of 1,043,835 shares during the session, after seeing its intraday low touch at ₹293.1.