Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Investor Presentation (August 2025)
69 slides from Greenlam Industries's investor presentation, Aug 11, 2025
Slide 1: Cover letter to stock exchanges
Greenlam/2025-26 August 11, 2025 The Manager The Manager BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Fax No. 022-2272-3121/1278/1557/3354 F
Slide 2: Bettering: A New Chapter of Transformation
BETTERING A NEW CHAPTER OF TRANSFORMATION Greenlam Industries Limited Investor & Analyst Meet Presentation August 2025
Slide 3: Safe harbor
Greenlam Industries Limited l Analyst Presentation l August 2025 2 Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenlam Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any off
Slide 4: New chapter of transformation
Greenlam Industries Limited l Analyst Presentation l August 2025 3 New chapter of transformation The company A structured The We delivered on completed execution laid the commissioning our project greenfield and groundwork for demonstrated a commitments brownfield the company's dedication to showcas
Slide 5: Greenlam. A decade of growth
Greenlam Industries Limited l Analyst Presentation l August 2025 4 Part 1 Greenlam. A decade of growth
Slide 6: Greenlam's decade post demerger
Greenlam Industries Limited l Analyst Presentation l August 2025 5 Greenlam’s decade post demerger Manufacturing Facilities Product Portfolio 2 5 3 6 Number of Number of number of number of manufacturing manufacturing products in products in facilities in facilities in FY15 FY25 FY15 FY25 Geographic
Slide 7: Product segments at demerger and now
Greenlam Industries Limited l Analyst Presentation l August 2025 6 These are the These are the product segments product segments at the time of where we are now demerger present Engineered Wooden Floors Plywood Laminates Decorative & Doors Veneer Laminate Engineered Wooden Floors Decorative Chipboar
Slide 8: A decade full of challenges
Greenlam Industries Limited l Analyst Presentation l August 2025 7 A decade full of challenges Rising competitive Demonetisation GST implementation intensity COVID-19 Geopolitical unrest Container availability & Red sea crisis US tariff uncertainty freight rates US – China trade war Stricter complia
Slide 9: Greenlam's decade of growth despite challenges
Greenlam Industries Limited l Analyst Presentation l August 2025 8 Greenlam’s decade of growth despite challenges Revenues (Rs. Cr) Gross Profit (Rs. Cr) & Margin Inventory (Days) 925.6 2,569.3 398.2 1,342.7 91 94 in FY15 in FY25 in FY15 n FY25 43.0% 52.3% in FY15 in FY25 EBITDA (Rs. Cr) & Margin Gr
Slide 10: Who we are and what we do
Greenlam Industries Limited l Analyst Presentation l August 2025 9 Part 2 Who we are and what we do
Slide 11: Greenlam. A snapshot
Greenlam Industries Limited l Analyst Presentation l August 2025 10 Greenlam. A snapshot Background Management Manufacturing Product Team capabilities solution Commenced operations in Company stewarded by Mr. 5 facilities across Behror Engaged in the Behror in 1993 Saurabh Mittal (MD & CEO) (Rajasth
Slide 12: Greenlam. A leader
Greenlam Industries Limited l Analyst Presentation l August 2025 11 Greenlam. A leader One of the top India’s largest India's first three laminate exporter organised brands across of laminate for engineered the world 14 consecutive wooden door years manufacturer India's only India’s only engineered
Slide 13: Our Board
Greenlam Industries Limited l Analyst Presentation l August 2025 12 Our Board Mr. Shiv Prakash Mittal Mr. Saurabh Mittal Ms. Parul Mittal Mr. Sandip Das Non-Executive Chairman Managing Director & CEO Whole-Time Director Independent Director Ms. Matangi Gowrishankar Mr. Yogesh Kapur Mr. Rahul Chhabra
Slide 14: Our growth journey
Greenlam Industries Limited l Analyst Presentation l August 2025 13 Our growth journey 1992-93 2002 42005-08 2009 2012 Set up the first Started the Setting up of Started the Set up a subsidiary laminate unit at commercial overseas commercial in the UK Behror; started the production of subsidiaries i
Slide 15: Our brands
Greenlam Industries Limited l Analyst Presentation l August 2025 14 Our brands
Slide 16: Laminates
Greenlam Industries Limited l Analyst Presentation l August 2025 15 Our products Laminates Laminates Compact laminates 10,000+ 100+ Decors collection Decors Veneered Veneered Compact laminates laminates 200+ 20+ Natural veneer Natural veneer species species Applications The laminates industry has un
Slide 17: Clads
Greenlam Industries Limited l Analyst Presentation l August 2025 16 Our products Clads Exterior clads Interior clads 40+ Decors 100+ Decors Applications Greenlam Exterior Clads offer a contemporary and stylish solution for enhancing building exteriors. Available in a wide range of patterns and color
Slide 18: Restroom cubicle and locker solutions
Greenlam Industries Limited l Analyst Presentation l August 2025 17 Our products Restroom cubicle and locker solutions Magna Air Cocoon Aster 2 3 5 3 Models Models Models Models Altura Series Lockers Backwall Panel Essentia 6 6 1 2 Models Models Models Models Shower & Changing Room Solutions 3 Model
Slide 19: Melamine-faced chipboard
Greenlam Industries Limited l Analyst Presentation l August 2025 18 Our products Melamine-faced chipboard Universal Studio 30 77 decors decors Applications With the rise of organised carpentry (OEM) in India, the demand for engineered wood products such as melamine-faced chipboard is steadily increa
Slide 20: Decorative veneers
Greenlam Industries Limited l Analyst Presentation l August 2025 19 Our products Decorative veneers Naturals Teak 340 14 Varieties Varieties Engineered 41 Varieties Applications The specification industry leads sales of this category. Mikasa Decowood Veneer comes in three categories - Natural, Engin
Slide 21: Engineered wooden flooring
Greenlam Industries Limited l Analyst Presentation l August 2025 20 Our products Engineered wooden flooring Atmos Pristine 10 156 SKU’s SKU’s Applications Mikasa presents a premium range of engineered wooden flooring, crafted with precision using advanced technology and expert craftsmanship proudly
Slide 22: Engineered wooden doors and frames
Greenlam Industries Limited l Analyst Presentation l August 2025 21 Our products Engineered wooden doors and frames Fire-rated door Standard door sets sets Specialty door Dura collection sets door sets Designer door sets Applications Increasingly used in high-end realty development. Unlike tradition
Slide 23: Plywood
Greenlam Industries Limited l Analyst Presentation l August 2025 22 Our products Plywood Plywood Blockboard 5 2 Product range Product range Applications MikasaPly offers a versatile range of plywood solutions ideal for a wide spectrum of applications, including indoor and outdoor furniture, interior
Slide 24: Green credentials & certifications
Greenlam Industries Limited l Analyst Presentation l August 2025 23 Green credentials & certifications Greenguard Greenguard Gold Green label PEFC GRIHA GreenPro IGBC FSC®
Slide 25: Greenlam's domestic footprint
Greenlam Industries Limited l Analyst Presentation l August 2025 24 Greenlam’s domestic footprint 23 17 Nalagarh, Number of branch Number of regional Himachal Pradesh offices in India distribution centres / warehouses Behror, Rajasthan Prantij, Gurarat 5 2 Number of Number of manufacturing units exp
Slide 26: Greenlam's manufacturing capabilities
Greenlam Industries Limited l Analyst Presentation l August 2025 25 Greenlam’s manufacturing capabilities Products Unit Capacity Location Behror, Rajasthan Million sheets Nalagarh, Himachal Pradesh High pressure laminate / boards 24.52 Prantij, Gujarat Naidupeta, Andhra Pradesh Decorative veneer Mil
Slide 27: Greenlam's manufacturing facilities
Greenlam Industries Limited l Analyst Presentation l August 2025 26 Greenlam’s manufacturing facilities Tindivanam, Tamil Nadu Naidupeta, Andhra Pradesh Prantij, Gujarat Behror, Rajasthan Nalagarh, Himachal Pradesh
Slide 28: Greenlam's global footprint
Greenlam Industries Limited l Analyst Presentation l August 2025 27 Greenlam’s 120+ 22 15 200+ global footprint Number of countries where Number of global Greenlam offices Number of operational global Number of overseas Greenlam is present Greenlam employees subsidiaries The maps provided are for pi
Slide 29: Poised to address India and international laminates market
Greenlam Industries Limited l Analyst Presentation l August 2025 28 Greenlam. Poised to address the India and international laminates market 12,400 3,400 9,000 6,200 Rs. Cr, size of the Rs. Cr, size of exports Rs. Cr, size of the Rs. Cr, size of the laminate market in from India domestic market dome
Slide 30: Our prospects
Greenlam Industries Limited l Analyst Presentation l August 2025 29 Part 3 Our prospects
Slide 31: Our expansion from FY23-25: ~Rs. 1,450 crs
Greenlam Industries Limited l Analyst Presentation l August 2025 30 Our expansion from FY23 - 25 Manufacturing Expansion Manpower expansion Total capital outlay Invested in Operationalised 4 ~Rs. 1,450 crs recruiting manufacturing proven 3 plants at talent and locations enhancing efficiency Expanded
Slide 32: Our expansion from FY23-25: footprints
Greenlam Industries Limited l Analyst Presentation l August 2025 31 Our expansion from FY23 - 25 Domestic Footprints International footprints From fourteen RDC / Total capital outlay From eight operational warehouses to 17 ~Rs. 1,450 crs subsidiaries to 15 From twenty one From 4 international branch
Slide 33: Greenlam's addressable domestic market
Greenlam Industries Limited l Analyst Presentation l August 2025 32 Greenlam’s addressable domestic market 3.5x addressable market for Greenlam 49,400 11,000 5,000 Rs. cr, Greenlam’s addressable market as on March 31, 2022 30,000 49,400 11,000 2,000 2,000 Rs. cr, approximate size of 12,400 New Green
Slide 34: Our goals
Greenlam Industries Limited l Analyst Presentation l August 2025 33 Our goals To graduate from standalone surfacing products to an integrated (surface and substrate) solution provider To emerge as To become To grow from India’s leading leading global a position of wood panel laminate respect to play
Slide 35: Optimistic about investments for domestic market
Greenlam Industries Limited l Analyst Presentation l August 2025 34 We are optimistic about our investments for domestic market India is poised at the cusp of a sustainable growth in consumer spending This consumer spending is being incentivized by a need to live better This need to live better, wil
Slide 36: Optimistic about investments for international markets
Greenlam Industries Limited l Analyst Presentation l August 2025 35 We are optimistic about our investments for international markets Significant export opportunities as India is an established laminate export hub International players not adding any meaningful capacities Cost of production in inter
Slide 37: Demand drivers
Greenlam Industries Limited l Analyst Presentation l August 2025 36 Demand drivers Rising Policy push for the establishment of Mechanised population and furniture parks and thrust on manufacturing furniture urbanisation and exporting furniture from India manufacturing growing Rise in Growing Higher
Slide 38: Start of a new growth story at Greenlam
Greenlam Industries Limited l Analyst Presentation l August 2025 37 This represents the start of a new growth story at Greenlam • The investment has potential • This expansion could lead to to generate Rs. 4500 crs products cross-sale, revenue revenue in next 3-4 years broad-basing and de-risking •
Slide 39: ESG
Greenlam Industries Limited l Analyst Presentation l August 2025 38 Part 4 ESG
Slide 40: Greenlam ESG
Greenlam Industries Limited l Analyst Presentation l August 2025 39 Greenlam ESG At Greenlam, Greenlam’s ESG Integrating ESG deeply Environmental, Social, commitment builds on into operations ensures and Governance - ESG its existing frameworks, long- term value practices are integral to including t
Slide 41: Greenlam, ESG vision
Greenlam Industries Limited l Analyst Presentation l August 2025 40 Greenlam, ESG vision Better use of Better for climate Better for people Better way to do resources & water business Responsible use Climate and Safety of Doing what is Principles of resources water stress employees, right Regenerati
Slide 42: Greenlam, ESG commitments
Greenlam Industries Limited l Analyst Presentation l August 2025 41 Greenlam, ESG commitments Better use of resources Better for climate & Better for people Better way to do water business 20% reduction in waste Net Zero CO₂ (Scope 1 & 2, OHS audit rating Net Promoter Score > 8.5/10 generation and Z
Slide 43: Business update
Greenlam Industries Limited l Analyst Presentation l August 2025 42 Part 5 Business update
Slide 44: Naidupeta, Andhra Pradesh
Greenlam Industries Limited l Analyst Presentation l August 2025 43 Naidupeta, Andhra Pradesh India’s only fully integrated facility where laminate, chipboard and derivate products are produced under one roof Proximity to ports and key cities which facilitate efficient logistics and distribution The
Slide 45: Chipboard facility
Greenlam Industries Limited l Analyst Presentation l August 2025 44 Chipboard facility Largest Spread across Accessibility to State-of-the-Art integrated 80 acres 4 major ports Fully and first of its In Andhra Krishnapatnam Automated kind plant in Pradesh Ennore Continuous Press India Chennai Tutico
Slide 46: Chipboard facility: market
Greenlam Industries Limited l Analyst Presentation l August 2025 45 Chipboard facility Current chipboard Market mostly Growing awareness market size is dominated by of chipboard usage estimated at sub standard in the residential products segment ~Rs. 5,000 Cr Rising demand for Expansion of Only few
Slide 47: Chipboard. Our offering
Greenlam Industries Limited l Analyst Presentation l August 2025 46 Chipboard. Our offering Pre-laminated Interior Grade Emission Norms Chipboard Exterior Grade CARB, E1, E2 Plain Chipboard High Moisture Resistant (HMR) Studio Ecofriendly – Cradle Using quality Universal to cradle design European pa
Slide 48: Chipboard. Product images
Greenlam Industries Limited l Analyst Presentation l August 2025 47 Chipboard. Product images
Slide 49: Chipboard. Product applications
Greenlam Industries Limited l Analyst Presentation l August 2025 48 Chipboard. Product applications
Slide 50: Chipboard. Product applications
Greenlam Industries Limited l Analyst Presentation l August 2025 49 Chipboard. Product applications
Slide 51: Greenlam chipboard. Unique quality
Greenlam Industries Limited l Analyst Presentation l August 2025 50 Greenlam chipboard. Unique quality
Slide 52: Way Ahead
Greenlam Industries Limited l Analyst Presentation l August 2025 51 Part 6 Way Ahead
Slide 53: Way ahead
Greenlam Industries Limited l Analyst Presentation l August 2025 52 Way ahead Margin expansion Prantij & Naidupeta Deeper focus and to be driven across are having space for expanding categories as most multiple brownfield international of the costs are expansions at presence to further already built
Slide 54: Conclusion
Greenlam Industries Limited l Analyst Presentation l August 2025 53 Conclusion We have Larger More embarked profitable on the Next Orbit that will transform us… Laid the foundation of a More more valuable sustainable Greenlam
Slide 55: Consolidated financial statements
Greenlam Industries Limited l Analyst Presentation l August 2025 54 Part 7 Consolidated financial statements
Slide 56: Financial highlights
Greenlam Industries Limited l Analyst Presentation l August 2025 55 Financial highlights ▪ Traditionally, a leaner period compared to the preceding quarter, Q1FY26 stood out with revenue nearly at par with Q4FY25 ▪ Our domestic business grew by 22.2% YoY, driven by healthy performance across all seg
Slide 57: Financial highlights
Greenlam Industries Limited l Analyst Presentation l August 2025 56 Financial highlights ▪ We have successfully stabilised the chipboard production lines, and the product—both plain and pre-laminated—is receiving positive feedback from the market ▪ Encouragingly, our efforts to explore export opport
Slide 58: Profit and Loss Statement
Greenlam Industries Limited l Analyst Presentation l August 2025 57 Profit and Loss Statement INR Crores Q1FY26 Q1FY25 YoY% Q4FY25 QoQ% Revenue 673.8 604.7 11.4% 681.8 -1.2% Raw Material 316.3 290.0 336.3 Gross Profit 357.5 314.7 13.6% 345.5 3.5% Gross Margin 53.1% 52.0% 110 bps 50.7% 240 bps Employ
Slide 59: Laminates & Allied Segment – Financials
Greenlam Industries Limited l Analyst Presentation l August 2025 58 Laminates & Allied Segment – Financials INR Crores Q1FY26 Q1FY25 YoY% Q4FY25 QoQ% Net Revenue from Operations 554.8 534.3 3.8% 575.5 -3.6% Gross Profit 303.0 281.3 7.7% 293.6 3.2% Gross Margin % 54.6% 52.6% 200 bps 51.0% 360 bps EBI
Slide 60: Laminates & Allied Segment – Quantitative Details
Greenlam Industries Limited l Analyst Presentation l August 2025 59 Laminates & Allied Segment – Quantitative Details Particulars Q1FY26 Q1FY25 YoY% Q4FY25 QoQ% Annual Installed Capacity 24.52 24.52 24.52 (Mn Sheets) Production (Mn Sheets) 5.15 5.08 1.3% 4.43 16.3% Capacity Utilization 84% 83% 72% (
Slide 61: Plywood & Allied Segment – Financials
Greenlam Industries Limited l Analyst Presentation l August 2025 60 Plywood & Allied Segment – Financials INR Crores Q1FY26 Q1FY25 YoY% Q4FY25 QoQ Net Revenue from Operations 88.0 70.4 25.0% 101.2 -13.0% Gross Profit 40.6 33.4 21.5% 44.8 -9.4% Gross Margin % 46.1% 47.4% -130 bps 44.3% 180 bps EBITDA
Slide 62: Decorative Veneers – Quantitative Details
Greenlam Industries Limited l Analyst Presentation l August 2025 61 Decorative Veneers – Quantitative Details Particulars Q1FY26 Q1FY25 YoY% Q4FY25 QoQ% Annual Installed Capacity 4.20 4.20 4.20 (Mn ) Production (Mn Sqmt) 0.24 0.22 6.4% 0.42 -43.6% Capacity Utilization 22% 21% 40% (Annualized) Sales
Slide 63: Plywood – Quantitative Details
Greenlam Industries Limited l Analyst Presentation l August 2025 62 Plywood – Quantitative Details Particulars Q1FY26 Q1FY25 YoY% Q4FY25 QoQ% Annual Installed Capacity 18.90 18.90 18.90 (Mn Sqmt) Production (Mn Sqmt) 1.34 1.13 18.5% 1.47 -8.8% Capacity Utilization 28% 24% 31% (Annualized) Sales (Mn
Slide 64: Panel & Allied Segment – Financials
Greenlam Industries Limited l Analyst Presentation l August 2025 63 Panel & Allied Segment – Financials INR Crores Q1FY26 Q4FY25 QoQ Net Revenue from Operations 31.0 5.1 507.6% Gross Profit 13.9 7.1 95.8% Gross Margin % 44.9% - EBITDA without Forex (9.8) (11.8) EBITDA Margin % -31.5% - EBITDA with F
Slide 65: Panel & Allied – Quantitative Details
Greenlam Industries Limited l Analyst Presentation l August 2025 64 Panel & Allied – Quantitative Details Particulars Q1FY26 Q4FY25 QoQ% Annual Installed Capacity 2,92,380 2,92,380 (CBM) Production (CBM) 21,547 12,979 66.0% Capacity Utilization 30% 24% (Annualized) Sales (CBM) 14,609 2,395 510.0% Av
Slide 66: Operating Parameters - Net Working Capital
Greenlam Industries Limited l Analyst Presentation l August 2025 65 Operating Parameters - Net Working Capital Particulars Q1FY26 Q1FY25 Q4FY25 Amt Amt Amt Days Days Days INR Crores INR Crores INR Crores Inventory 681.4 92 630.5 95 664.7 89 Debtors 190.3 26 175.8 27 157.3 21 Creditors 439.3 59 375.6
Slide 67: Debt Position
Greenlam Industries Limited l Analyst Presentation l August 2025 66 Debt Position INR Crores Q1FY26 Q1FY25 Q4FY25 Long Term Debt (Including current 840.9 825.5 853.3 portion) Short Term Debt 281.1 238.8 234.5 Total Debt 1,122.0 1,064.2 1,087.8 Cash & Bank Balance 24.3 27.0 42.5 Liquid Investments 58
Slide 68: Return Ratios – ROCE & ROE
Greenlam Industries Limited l Analyst Presentation l August 2025 67 Return Ratios – ROCE & ROE INR Crores Q1FY26 Q1FY25 Q4FY25 EBIT 11.4 40.8 30.7 PAT -15.7 19.9 1.5 Capital Employed 2,226.1 2,160.2 2,207.2 Net Worth 1,109.9 1,095.2 1,125.3 ROCE^ 0.5% 7.6% 5.6% ROE^ -1.4% 7.3% 0.5% ^Ratios are on an
Slide 69: For further information, please contact
Greenlam Industries Limited l Analyst Presentation l August 2025 68 For further information, please contact: Greenlam Industries Ltd. Investor Relations Advisors: CIN: L21016DL2013PLC386045 Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Ashok Kumar Sharma Chief Financial Officer
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