Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q3 FY2026 Earnings Presentation
28 slides from Greenlam Industries's earnings presentation, Jan 29, 2026
Slide 1: Cover letter to stock exchanges
Greenlam/2025-26 January 29, 2026 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
Slide 2: Bettering: A New Chapter of Transformation - Result Update Q3 & 9MFY26
BETTERING A NEW CHAPTER OF TRANSFORMATION Result Update Q3 & 9MFY26 www.greenlamindustries.com
Slide 3: Safe Harbour
Safe Harbour 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 offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Our Growth Journey
Our Growth Journey 1992-93 2002 2005-08 2009 2012 Set up the first Started the Setting up of Started the Set up a laminate unit at commercial overseas commercial subsidiary in Behror; started the production of subsidiaries in production of the UK commercial decorative veneers Singapore and the secon
Slide 5: New Chapter of Transformation
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 showcasing strong expansion sustainable maintain capital execution project
Slide 6: Product Portfolio: Integrated Surface and Substrate Solution provider
Product Portfolio: Integrated Surface and Substrate Solution provider Laminate & Allied Products Plywood & Allied Products Panel & Allied Products Laminates Commodity to Mikasa Ply Plywood MFC Melamine Faced Chipboard Premium products Blockboard Plain Chipboard Mikasa Veneer Natural Veneer Teak Vene
Slide 7: Our Brands
Our Brands 6 www.greenlamindustries.com
Slide 8: Our Manufacturing Capabilities
Our Manufacturing Capabilities Products Unit Capacity Location Behror, Rajasthan Nalagarh, Himachal Pradesh High pressure laminate Million sheets / boards 24.52 Prantij, Gujarat Naidupeta, Andhra Pradesh Decorative veneer Million sq.m 4.2 Behror, Rajasthan Engineered wood floor Million sq.m 1.0 Behr
Slide 9: Our Manufacturing Facilities
Our Manufacturing Facilities Tindivanam, Tamil Nadu Naidupeta, Andhra Pradesh Prantij, Gujarat Behror, Rajasthan Nalagarh, Himachal Pradesh 8 www.greenlamindustries.com
Slide 10: Financial Performance for last 6 years
Financial Performance for last 6 years 2569.3 128.0 138.0 2306.3 294.7 2026.0 274.6 1703.4 232.9 86.7 90.6 1320.6 178.3 173.3 187.0 73.7 68.3 1199.6 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 Revenue (INR Crs) *EBITDA (INR Crs) PAT (IN
Slide 11: Domestic Footprint
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 experience centres 40,000+ 9,000+ Naidupeta, Andhra Pradesh Tindivanam, Manufactur
Slide 12: Global Footprints
Global Footprints 120+ 22 Number of Number of global countries where Greenlam offices Greenlam is present 15 200+ Number of Number of operational global overseas Greenlam employees subsidiaries As on March 31, 2025 11 The Maps provided are for pictorial representation only Maps not to scale. All dat
Slide 13: Green Credentials and Certifications
Green Credentials and Certifications Greenguard Greenguard Gold Green label PEFC FSC® GreenPro IGBC GRIHA 12 www.greenlamindustries.com
Slide 14: Business Update – Q3FY26
Business Update – Q3FY26 ▪ During the quarter, we streamlined our brand architecture to create a stronger and more focused foundation around our two flagship brands, ‘Greenlam’ and ‘Mikasa’. A key milestone in this journey has been the rebranding of our laminate brand ‘NewMika’ to ‘Mikasa Laminates’
Slide 15: Business Update – Q3FY26
Business Update – Q3FY26 ▪ We are also proud to be recognized once again as India’s Largest Exporter of Laminates at the Plexconcil Export Awards 2025, marking our 16th consecutive year as the country’s leading exporter in decorative and luxury laminates, underscoring our consistent focus on quality
Slide 16: Business Update – Q3FY26
Business Update – Q3FY26 ▪ During the quarter, we have launched HMR (High Moisture Resistant) category in chipboard ▪ The product comes with special moisture resistance treatment making it ideal choice for interior furniture for humid environment ▪ The product has been well accepted by the market. W
Slide 17: Business Update – Financial Highlights Q3FY26
Business Update – Financial Highlights Q3FY26 ▪ The current quarter recorded revenues of INR 706.3 crores with a growth of 17.3% on YoY basis with revenues growing across segments. The performance was broad-based, continued by strong momentum across business segments, both domestic and international
Slide 18: Consolidated Financial Performance: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q3FY26 Q3FY25 YoY% Q2FY26 QoQ 9MFY26 9MFY25 YoY% Revenue 706.3 602.0 17.3% 808.3 -12.6% 2,188.4 1,887.6 15.9% Raw Material 313.8 271.0 366.9 997.3 890.3 Gross Profit 392.5 331.0 18.6% 441.3 -11.1% 1,191.2 997.3 19.4% Gross Margi
Slide 19: Consolidated Financial Performance: Balance Sheet
Consolidated Financial Performance Balance Sheet INR Crores Dec-25 Mar-25 INR Crores Dec-25 Mar-25 Shareholders Fund 1,133.7 1,125.3 Non-Current Assets 1,780.7 1,815.0 Share Capital 25.5 25.5 Fixed Assets 1728.7 1774.7 Reserves & Surplus 1111.3 1101.4 Goodwill 3.4 3.2 Minority Interest -3.1 -1.6 Oth
Slide 20: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q3FY26 Q3FY25 YoY% Q2FY26 QoQ 9MFY26 9MFY25 YoY% Net Revenue 562.0 519.7 8.1% 658.0 -14.6% 1,774.8 1,651.0 7.5% Gross Margin 324.4 288.3 12.5% 371.7 -12.7% 999.0 879.5 13.6% Gross Margin % 57.7% 55.5% 220 bps 56.5% 120 bps 56.3
Slide 21: Laminates & Allied Segment – Quantitative Details
Consolidated Financial Performance Laminates & Allied Segment – Quantitative Details Particulars Q3FY26 Q3FY25 YoY% Q2FY26 QoQ 9MFY26 9MFY25 YoY% Annual Installed Capacity 24.52 24.52 24.52 24.52 24.52 (Mn Sheets) Production (Mn Sheets) 5.08 4.86 4.5% 5.91 -14.1% 16.14 15.56 3.7% Capacity Utilizatio
Slide 22: Plywood & Allied Segment
Consolidated Financial Performance Plywood & Allied Segment INR Crores Q3FY26 Q3FY25 YoY% Q2FY26 QoQ% 9MFY26 9MFY25 YoY% Net Revenue 90.1 82.3 9.5% 102.5 -12.1% 280.7 236.6 18.6% Gross Margin 43.9 42.7 2.7% 52.9 -17.0% 137.4 117.8 16.7% Gross Margin % 48.7% 51.9% -320 bps 51.6% -290 bps 48.9% 49.8%
Slide 23: Plywood – Quantitative Details
Consolidated Financial Performance Plywood – Quantitative Details Particulars Q3FY26 Q3FY25 YoY% Q2FY26 QoQ% 9MFY26 9MFY25 YoY% Annual Installed Capacity (Mn Sqmt) 18.90 18.90 18.90 18.90 18.90 Production (Mn Sqmt) 1.75 1.14 53.0% 1.67 4.4% 4.76 3.35 42.1% Capacity Utilization (Annualized) 37% 24% 3
Slide 24: Panel & Allied – Financials and Chipboard Quantitative Details
Consolidated Financial Performance Panel & Allied – Financials Chipboard – Quantitative details INR Crores Q3FY26 Q2FY26 QoQ% 9MFY26 Particulars Q3FY26 Q2FY26 QoQ% 9MFY26 Net Revenue 54.2 47.8 13.3% 132.9 Annual Installed Capacity 2,92,380 2,92,380 2,92,380 Gross Margin 24.2 16.7 44.5% 54.8 (CBM) Gr
Slide 25: Operating Parameters - Net Working Capital
Consolidated Financial Performance Operating Parameters - Net Working Capital (NWC) Particulars Q3FY26 Q3FY25 Q2FY26 9MFY26 9MFY25 Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 805.8 105 713.6 109 711.0 80 805.8 101 713.6 104 Trade Receivables 160.8 21 161.8 25 212.4 24 160.8 20 161.8 24 Tr
Slide 26: Debt Position
Consolidated Financial Performance Debt Position INR Crores 9MFY26 9MFY25 Long Term Debt (Including current portion) 809.6 841.3 Short Term Debt 266.0 261.5 Total Debt 1,075.6 1,102.8 Cash & Bank Balance & Liquid Investments 65.5 90.7 Net Debt 1,010.1 1,012.1 Total Debt includes current portion of l
Slide 27: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE INR Crores Q3FY26 Q3FY25 Q2FY26 9MFY26 9MFY25 8.4% 7.1% EBIT* 35.0 37.6 70.1 116.6 141.2 PAT -0.6 12.5 31.8 15.5 66.9 9MFY26 9MFY25 Capital Employed 2,203.0 2,230.2 2,189.8 2,203.0 2,230.2 ROE Net Worth 1,133.7 1,125.4 1,133.9 1,133.
Slide 28: For further information, please contact
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 Mr. Shogun Jain Email: ashok.sharma@greenlam.com Email: shogun.jain@
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