Greenlam Posts Strong Q4 And FY26 Consolidated Results

For the year ended 31 March 2026 consolidated net revenues rose by 18.6 per cent to Rs 30.461 bn and the laminate business expanded by 9.3 per cent. EBITDA before forex and exceptional items increased by 21.0 per cent to Rs 3.342 bn, while net profit declined by 18.1 per cent to Rs 560 mn; the company attributed the lower annual net profit primarily to higher operating costs, forex fluctuations, exceptional items and increased interest and depreciation related to the chipboard business.

Gross margins for the quarter expanded by eighty basis points to 51.5 per cent and improved by one hundred and thirty basis points to 53.6 per cent for the year, with gross profit in the quarter at Rs 4.421 bn and for the year at Rs 16.333 bn. The company reported that operating profit before forex fluctuation and exceptional items rose in absolute terms, that prudent supply chain management helped limit the impact of raw material price spikes, and that full pass through of recent cost increases was effected in April 2026. Working capital days improved by four to 51 days and quarterly EBITDA margin was reported at 12.5 per cent.

All business segments posted revenue growth, with plywood and allied products increasing by 17.9 per cent and the chipboard operation, which began commercial production in the prior year, delivering sequential revenue growth of 47.3 per cent. Net debt as at 31 March 2026 was Rs 9.401 bn. The company indicated continued focus on sustainable growth through operational excellence, disciplined execution and innovation led manufacturing to capitalise on domestic and international opportunities.