Greenlam Industries Ltd (BOM:538979)

Q3 2026 Greenlam Industries Ltd Earnings Call Transcript

Jan 30, 2026 / 09:30AM GMT

Release Date Price: ₹238.2 (-1.61%)

Transcript

Key Points

Positve

Greenlam Industries Ltd (BOM:538979) achieved a 17.3% year-on-year revenue growth in Q3, reaching INR706 crores.
The company maintained a strong gross margin of 55.6% in Q3, an improvement of 60 basis points from the previous year.
The laminate and allied segment saw an 8.1% revenue growth year-on-year, with an EBITDA margin increase of 100 basis points.
The company successfully launched a high moisture resistant chipboard, receiving positive market feedback.
Greenlam Industries Ltd (BOM:538979) streamlined its brand architecture, potentially enhancing operational efficiency and brand value.

Negative

EBITDA margin before ForEx fluctuations and exceptional items declined by 170 basis points to 9.2% in Q3.
The company reported a net loss of INR0.6 crores for the quarter due to ForEx fluctuations and higher operational costs.
The plywood and allied segment continued to incur losses, with an EBITDA loss of INR13.3 crores in Q3.
The chipboard segment operated at a low utilization level of 41%, with an EBITDA loss of INR3.2 crores.
The domestic business growth was slower than expected, impacting overall revenue performance.

Operator

Ladies and gentlemen, good day, and welcome to the Greenlam Industries Limited Q3 and 9 Months FY26 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions).

Please note that this conference call is being recorded. I now hand the conference over to Mr. Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries India Limited. Thank you, and over to you, sir.

Saurabh Mittal

Greenlam Ltd - Managing Director and Chief Executive Officer

Good afternoon, everybody, and welcome to the quarter three and 9 months FY26 earnings call. I'm pleased to have all of you on the call and we'll be discussing the performance and the business updates of Q3 and 9 months. I'm joined by our CFO, Ashok and Samarth from the finance team as well as the SGA team,

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