Q4 2026 Greenlam Industries Ltd Earnings Call Transcript
Key Points
- Greenlam Industries Ltd (BOM:538979) achieved an annual revenue of INR3,000 crores in FY26, marking an 18% year-on-year growth.
- The company's EBITDA grew by approximately 20% despite losses from new business ventures.
- The laminate business performed well, achieving nearly INR400 crores in EBITDA for FY26.
- The chipboard business, in its first year of operation, has positioned itself among the top players in the market.
- The company successfully maintained a working capital cycle of 57 days despite the addition of new businesses.
- The PAT numbers were depressed due to losses from new businesses, increased interest costs, and higher depreciation.
- The Middle East market experienced a business impact in March and April due to geopolitical tensions.
- The plywood business is yet to achieve EBITDA breakeven and is not yet present across the entire country.
- Rising input costs led to a sequential decline in gross margin by 410 basis points.
- The net profit for the year decreased by 18% to INR56 crores, primarily due to operational losses in the chipboard segment and higher interest and depreciation costs.
Ladies and gentlemen, good day, and welcome to the Greenlam Industries Limited Q4 and 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 the date of this call. These statements do not guarantee the future performance of the company, and it may involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note, that this conference is being recorded.
I now hand the conference over to Mr. Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries. Thank you, and over to you, sir.
Thank you. Good afternoon, friends, and welcome to the Quarter 4 and FY26 earnings call of Greenlam Industries Limited. I have our CFO, Ashok on the call as well as the team from SGA, our Investor Relations advisers. I'm sure by this time, you've had an opportunity to look at the results and the investor
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