Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q3 FY2026 Earnings Presentation
41 slides from Greenply Industries's earnings presentation, Feb 4, 2026
Slide 1: Cover letter to stock exchanges on results presentation
H AR ZARURAT KA REPLY Greenply/2025-26 February 4, 2026 The Manager The Manager SSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Sandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Sandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 526
Slide 2: Transforming Indian Spaces
Se TRANSFORMING INDIAN SPACES
Slide 3: Analyst Presentation Q3 & 9M FY2026
ANALYST PRESENTATION Q3 & 9M FY2026 4 February 2026 th
Slide 4: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenply Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 5: Contents
❖ Key Highlights ❖ Financial & Operating Performance CONTENTS ❖ Corporate Overview ❖ Marketing Activities ❖ CSR Initiatives 4
Slide 6: Key Highlights
KEY HIGHLIGHTS
Slide 7: Key results highlights - Consolidated
Key results highlights- Consolidated Figures in Rs crs % Change % Change % Change Particulars Q3 FY26 Q3 FY25 Q2 FY26 9M FY26 9M FY25 Y-o-Y Q-o-Q Y-o-Y Revenue 673.4 614.5 9.6% 688.6 -2.2% 1962.8 1838.8 6.7% Core EBITDA 58.9 54.0 9.0% 56.8 3.8% 177.3 169.6 4.5% Core EBITDA % 8.7% 8.8% - 10 bps 8.2%
Slide 8: Key results highlights - Consolidated debt position
Key results highlights- Consolidated Change Change Consolidated Debt position (Rs/Crores) Dec’25 Sep’25 Dec'24 Q-o-Q Y-o-Y Ply Business (GIL+Sandila+Alishan) 124 110 14 88 36 MDF Business (GSPPL) 410 406 4 376 34 Total Gross Debt 534 516 18 464 71 Net Debt 528 510 17 413 114 Equity 862 847 15 785 77
Slide 9: Key results highlights – India Ply business
Key results highlights – India Ply business Plywood Business ^ (Standalone + Subsidiaries) % Change % Change % Change Particulars Q3 FY26 Q3 FY25 Q2 FY26 9M FY26 9M FY25 Y-o-Y Q-o-Q Y-o-Y Sales Volume (MSM) 20.5 18.2 12.5% 21.7 -5.3% 59.37 56.13 5.8% Realisation (Rs/Sqm) 244 257 -4.9% 242 0.9% 247 2
Slide 10: Key results highlights – India MDF business
Key results highlights – India MDF business MDF Business % Change % Change % Change Particulars Q3 FY26 Q3 FY25 Q2 FY26 9M FY26 9M FY25 Y-o-Y Q-o-Q Y-o-Y Sales Volume (CBM) 48,383 42,259 14.5% 47,018 2.9% 1,41,751 1,25,536 12.9% Realisation (Rs/CBM) 31,385 31,850 -1.5% 31,161 0.7% 31,434 31,278 0.5%
Slide 11: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE
Slide 12: Consolidated P&L – Q3 FY26
Consolidated P&L –Q3 FY26 Revenue growth of 9.6% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 9.6% 700 -2.2% 600 300 40.1% 40.5% 50.0% 37.7% 500 250 40.0% 200 30.0% 400 689 673 614 150 273 300 246 260 20.0% 100 200 50 10.0% 100 0 0.0% Q3FY25 Q2 FY26 Q3 FY26 Q3FY25 Q2 FY26 Q3 FY26 Core E
Slide 13: Consolidated P&L – 9M FY26
Consolidated P&L –9M FY26 Revenue growth of 6.7% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 6.7% 1000 50.0% 2,500 39.9% 40.2% 1,839 1,963 800 40.0% 2,000 1,500 600 30.0% 1,000 400 734 790 20.0% 500 200 10.0% - 0 0.0% 9MFY25 9MFY26 9MFY25 9MFY26 Core EBITDA- Rs. Crores, Margin % PAT- B
Slide 14: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 400 51 60 500 100 400 100 350 47 350 50 400 80 80 300 61 57 58 300 250 33 40 52 300 60 250 51 60 200 30 200 42 150 200 40 40 20 150 100 100 20 100 50 10 20 226 355 344 409 399 416 50
Slide 15: India Plywood Business - P&L - Q3 FY26
India Plywood Business^ - P&L-Q3 FY26 Revenue growth of 8.9% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 8.9% 542 -3.7% 600 220 50.0% 479 522 38.7% 500 200 36.1% 37.6% 40.0% 400 180 300 30.0% 200 160 195 196 185 100 140 20.0% 0 120 10.0% Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26
Slide 16: India Plywood Business - P&L - 9M FY26
India Plywood Business^ P&L-9M FY26 Revenue growth of 5.0% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 5.0% 2,200 400 40.0% 1,900 370 37.6% 37.5% 30.0% 1,445 1,517 1,600 340 20.0% 1,300 1,000 310 10.0% 544 569 700 280 0.0% 9M FY25 9MFY26 9M FY25 9MFY26 Core EBITDA- Rs. Crores, Margin
Slide 17: India Plywood Business - Ratios
India Plywood Business^ - Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 350 55 54 60 400 64 70 51 62 58 59 400 60 70 300 50 350 60 350 60 250 37 300 50 300 50 40 250 250 200 40 40 30 200 200 150 303 298 340 318 325 30 150 339 334 30 150 268 1
Slide 18: India Plywood Business - Operating Metrics Q3 FY26
India Plywood Business^ - Operating Metrics Q3 FY26 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 38% 34% 80% 34% 32% 30% 43% 60% 60% 40% 40% 68% 70% 62% 66% 66% 57% 20% 20% 0% 0% Q3 FY25 Q2 FY26
Slide 19: India Plywood Business - Operating Metrics 9M FY26
India Plywood Business^ Operating Metrics 9M FY26 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 38% 80% 34% 32% 42% 60% 60% 40% 40% 68% 58% 62% 66% 20% 20% 0% 0% 9M FY25 9MFY26 9M FY25 9
Slide 20: India MDF P&L - Q3 FY26
India MDF P&L- Q3 FY26 Revenue growth of 11.7% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores 11.7% 3.5% 160.0 136.0 146.8 152.0 100 51% 60% 140.0 45% 44% 80 50% 120.0 100.0 40% 60 80.0 30% 60.0 40 77 61 65 20% 40.0 20 10% 20.0 Q3 FY25 Q2 FY26 Q3 FY26 0 0% Q3 FY25 Q2 FY26 Q3 FY26 Core EBITDA- Rs.
Slide 21: India MDF P&L - 9M FY26
India MDF P&L- 9M FY26 Revenue growth of 13.1% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores 13.1% 600.0 230.0 220.6 60.0% 500.0 446.2 220.0 50.0% 394.5 210.0 49.4% 40.0% 400.0 48.2% 300.0 200.0 190.1 30.0% 200.0 190.0 20.0% 100.0 180.0 10.0% - 170.0 0.0% 9M FY25 9M FY26 9M FY25 9M FY26 Core EBIT
Slide 22: India MDF Business Ratios
India MDF Business Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 60 32 35 100 56 60 22 29 48 50 40 25 50 30 50 35 18 22 80 20 25 30 40 40 20 60 25 11 15 30 30 20 15 40 10 20 20 15 10 10 10 20 10 5 32 52 46 5 69 81 91 5 16 29 35 0 0 0 0 0 0 De
Slide 23: Updates on the Furniture Hardware JV - Greenply Samet
Updates on the Furniture Hardware JV- Greenply Samet • Financial performance – Q3 FY’26 • Revenue at Rs 13.38 crores. (100%) • Share of PAT loss was Rs 7.7 Crores (50% our share) • Financial performance – 9M FY’26 • Revenue at Rs 31.2 crores. (100%) • Share of PAT loss was Rs 19.0 Crores (50% our sh
Slide 24: Corporate Overview
CORPORATE OVERVIEW
Slide 25: Greenply at a Glance
Greenply at a Glance 35+ Listed in NSE & Wood based products One of the largest E-0 Interior Years of experience BSE-Rs. 3,500+ India’s first Zero infrastructure in delivering quality crores Plywood, MDF, Veneers, Emission plywood brands in India plywood products Market Cap Doors, PVC & Furniture fi
Slide 26: Greenply Manufacturing Capacities
Green Ply Manufacturing Capacities Plywood & allied (Own Capacity Manufacturing ) Location (Mn SQM pa) Bamanbore, Gujarat 20.20 Sandila, Lucknow (U.P.) 13.50 Kriparampur, West Bengal 11.00 Tizit, Nagaland 8.10 Odisha (work in progress) 13.5 Total Capacity 66.3 MDF Manufacturing Location Capacity (CB
Slide 27: A Comprehensive Portfolio for Every Interior Space
A Comprehensive Portfolio for Every Interior Space 26
Slide 28: Greenply – Transforming Interior Spaces for more than 3 decades
Greenply –Transforming Interior Spaces for more than 3 decades State-of-the-art Superior Range of Products facilities in India at strategic Complete interior range with changing locations consumer needs Industry 1st Innovations Strong Influencer Connect By studying & anticipating consumer Through un
Slide 29: The Greenply Advantage
The Greenply Advantage Industry First Innovations Promise of delivering quality, every time Quality is Pressing technology to ensure defect free guaranteed calibrated product Global & Domestic Certifications Industry First Influencer Initiatives Rewarding Craftsmanship of Taking care of Driving sust
Slide 30: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Shareholding Pattern- 31st December 2025 Major Institutional Shareholders - 31st December 2025 11.74% Major Institutional Shareholders Shareholding % *Mirae Mutual fund 12.68 HDFC Mutual Fund 7.07 Tata Mutual Fund 6.01 32.12% 51.80% Canara Robeco Mutual Fund 2.
Slide 31: Strategy Outlook
Strategy Outlook Product portfolio expansion Introducing innovative & Automation & Futuristic digitization products Strategic Outlook Expanding Manufacturing Focus on ESG base at diversified locations Employee Engagement Adopting a multi-pronged approach to leverage the emerging opportunity in the n
Slide 32: Marketing Activities
MARKETING ACTIVITIES
Slide 33: Building Consumer Trust through Impactful Campaigns
Building Consumer Trust through Impactful Campaigns Brand Campaign – Ecotec Brand Campaign – Green Brand Campaign – MDF 32
Slide 34: Driving Brand Visibility & Imagery
Driving Brand Visibility & Imagery Sports Association - IPL Purpose led Initiatives Impact Associations
Slide 35: Engaging, Enabling & Elevating Our Contractor Community
Engaging, Enabling & Elevating Our Contractor Community Talent Recognition Influence Channel Wellbeing Programme Platform
Slide 36: Designing meaningful connection with Architects
Designing meaningful connection with Architects Community Influence Channel Sustainability Bridge Engagement
Slide 37: Awards & Recognition
Awards & Recognition Great Place to Work-Three times India’s Most trusted Brand- Best Green Manufacturing Economic Times Sustainable in a row (2020, 2021, 2022) 2022 Company- 2022 Organisations Award - 2023 36
Slide 38: CSR Initiatives
CSR INITIATIVES
Slide 39: CSR Approach
CSR Approach Vision Mission Improving lives in pursuit of To pursue initiatives directed Rs. 303 Lakhs Rs. 164 Lakhs collective development and towards enhancing welfare of Spent on CSR Activities Spent on CSR Activities environmental sustainability society based on long term during FY 2024-25 durin
Slide 40: Activities under Care for All
Activities under Care for All Facilitating People with Scholarships for Contractor kids Plastic Free Tiranga – Initiative to Greenply Eco Restoration & Disabilities to watch match live eliminate single use plastic Plantation Drive Health Camps Accidental Insurance 39
Slide 41: For further information, please contact
For further information, please contact Registered Office : Madgul Lounge, 6th Floor 23 Chetla Central Road, Chetla Kolkata - 700027, West Bengal, India Phone: (033)-3051-5000 Fax: (033)-3051-5010 Email: investors@greenply.com Website: www.greenply.com
Greenply Industries — Q3 FY2026 Earnings Presentation on 6ix