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Greenlam Industries (GREENLAM) investor relations material
Greenlam Industries Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary10 Nov, 2025
Executive summary
Q2 FY2026 consolidated revenue reached INR 808.3 crore, up 18.7% year-over-year, with record gross margin of 54.6% and broad-based growth across all segments and geographies.
Highest ever laminate production and sales volumes, with value growth of 10.2% driven by international demand.
Recently commissioned chipboard facility saw a 54.2% sequential revenue increase and reduced losses.
Board approved unaudited financial results for Q2 and H1 FY26, with statutory auditors conducting a limited review.
Working capital days improved to 47, and net debt reduced by INR 45 crore during the quarter.
Financial highlights
Consolidated net revenue grew 18.7% year-over-year to INR 808 crore in Q2; sequential growth was 20%.
Gross margin rose 300 bps year-over-year to 54.6%; gross profit up 25.5% to INR 441 crore.
EBITDA before forex fluctuation increased 130 bps to 13.2% in Q2; EBITDA before forex up 32% to INR 107 crore.
Net profit for Q2 was INR 31.8 crore, down from INR 34.4 crore last year; H1 net profit was INR 16 crore, down from INR 54 crore due to higher interest, depreciation, and forex losses.
Standalone net profit for Q2 FY26 was INR 45.89 crore, up from INR 30.42 crore in Q2 FY25.
Outlook and guidance
Laminate margin guidance maintained at 16% annually, with potential upside depending on volume.
Organization-level revenue growth target of 18%-20% for the coming quarters.
Expansion projects in laminate, plywood, and chipboard completed, supporting sustainable growth.
Chipboard expected to reach EBITDA break-even in FY2027; plywood segment close to EBITDA break-even.
Focus remains on capital efficiency and stakeholder value creation.
Laminates brownfield: Future capacity additions
Chipboard: Path to 45-50% utilization
US tariffs: Export strategy for affected markets
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Next Greenlam Industries earnings date
Q3 202614 Feb, 2026
Next Greenlam Industries earnings date
Q3 202614 Feb, 2026
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Frequently asked questions
Greenlam Industries Limited is an India-based manufacturer and supplier of surfacing solutions, including laminates, decorative veneers, and engineered wood flooring. The company produces a wide range of interior and exterior surfacing products used in residential, commercial, and industrial applications. Greenlam operates manufacturing facilities and a distribution network to serve customers across domestic and international markets. Greenlam Industries Limited is headquartered in Gurugram, India, and its shares are listed on the NSE and BSE.
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