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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Greenpanel Industries
Greenpanel Industries (GREENPANEL) investor relations material
Greenpanel Industries Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary2 Nov, 2026
Executive summary
Q2FY27 revenue was ₹407.3 crore, up 4.6% YoY; operating EBITDA was ₹30.4 crore, and reported PAT was a loss of ₹0.6 crore.
Financial-statement revenue from operations was ₹41,170.88 lakh in Q2; the net loss narrowed to ₹63.60 lakh from ₹611.86 lakh a year earlier.
H1 revenue was ₹757.2 crore, up 6.3% YoY; operating EBITDA rose 21.2% to ₹63.9 crore, and reported PAT was ₹0.6 crore.
Retail MDF sales reached a quarterly record; 1H retail MDF volumes grew 19%, while OEM and export volumes declined.
Management expects mid-teen MDF volume growth and H2 recovery; export pipeline strengthened, though freight disruption and oversupply remain constraints.
Financial highlights
Q2FY27 revenue was ₹407.3 crore, up 4.6% YoY and 16.4% QoQ; H1 revenue was ₹757.2 crore, up 6.3% YoY.
Q2 operating EBITDA was ₹30.4 crore, down 23.5% YoY; H1 operating EBITDA was ₹63.9 crore, up 21.2% YoY.
Reported Q2 PBT was a loss of ₹1.5 crore and PAT a loss of ₹0.6 crore; H1 reported PAT was ₹0.6 crore.
Financial-statement Q2 revenue from operations was ₹41,170.88 lakh; Q2 PBT was a loss of ₹149.35 lakh, versus a loss of ₹887.30 lakh a year earlier.
Q2 gross margin was 48.2%, up 0.5 percentage points YoY but down 4.5 points QoQ; H1 gross margin was 50.3%, up 2.9 points YoY.
Outlook and guidance
Management targets mid-teen MDF volume growth for FY27 and expects to recover H1 OEM and export volume shortfalls in H2.
Domestic MDF demand is expected to sustain 15%-17% CAGR; the Furniture (Quality Control) Order, 2025 is expected to support wood-panel demand.
Q2 monthly trends improved, pre-festive indicators were supportive, and the export order pipeline as of October 1 exceeded total Q2 sales.
Strategy is to use available capacity to grow volumes while improving operating efficiency and managing input-price escalation.
Management aims for double-digit MDF margins in upcoming quarters; early-teen margins were described as achievable if volume growth reaches 15%.
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Latest events from Greenpanel Industries
- Q1 FY27 revenue was ₹34,981.09 lakhs, with 8.5% YoY growth and net profit of ₹122.92 lakhs.GREENPANEL
Q1 26/27 - FY26 delivered strong MDF growth, margin gains, and a Rs. 0.50 dividend despite FX headwinds.GREENPANELQ4 25/26
- Q3 FY26 saw robust MDF growth, 50% gross margin, and margin gains amid competitive pricing.GREENPANELQ3 25/26
- Margins and profits declined on high wood costs and subsidies deferred; net debt rose.GREENPANELQ1 24/25
- Sales, margins, and profit fell YoY; focus is on recovery, new plant, and value-added growth.GREENPANELQ2 24/25
- Revenue and profit fell sharply in Q3 FY25, with margins under pressure and new capacity expected.GREENPANELQ3 24/25
- Volumes and profits fell, but margins improved and MDF capacity expansion was completed.GREENPANELQ4 24/25
- Q1 FY26 saw a net loss on forex losses, despite strong domestic MDF growth and new launches.GREENPANELQ1 25/26
- Q2 FY26 delivered strong revenue and volume growth, but FX losses led to a net loss.GREENPANELQ2 25/26
Next Greenpanel Industries earnings date
Q3 26/2729 Jan, 2027
Greenpanel Industries
Next Greenpanel Industries earnings date
Q3 26/2729 Jan, 2027
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