Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — H1 FY26 Earnings Presentation
26 slides from Greenlam Industries's earnings presentation, Nov 19, 2025
Slide 1: Revised Investor Presentation intimation letter to exchanges
Greenlam/2025-26 November 19, 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
Slide 2: Bettering: A New Chapter of Transformation - Result Update Q2 & H1FY26
BETTERING A NEW CHAPTER OF TRANSFORMATION Result Update Q2 & H1FY26 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 – Financial Highlights Q2FY26
Business Update – Financial Highlights Q2FY26 ❖ The current quarter recorded highest revenues of INR 808.3 crores with a growth of 18.7% on YoY basis with revenues growing across segments ❖ The performance was broad-based, supported by strong momentum across all business segments, both in domestic a
Slide 15: Consolidated Financial Performance: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q2FY26 Q2FY25 YoY% Q1FY26 QoQ% H1FY26 H1FY25 YoY% Revenue 808.3 680.8 18.7% 673.8 20.0% 1482.0 1285.5 15.3% Raw Material 366.9 329.3 316.3 683.2 619.3 Gross Profit 441.3 351.5 25.5% 357.5 23.4% 798.9 666.2 19.9% Gross Margin % 5
Slide 16: Consolidated Financial Performance: Balance Sheet
Consolidated Financial Performance Balance Sheet INR Crores Sep-25 Mar-25 INR Crores Sep-25 Mar-25 Shareholders Fund 1,133.9 1,125.3 Non-Current Assets 1,803.7 1,815.0 Share Capital 25.5 25.5 Fixed Assets 1755.6 1,774.7 Reserves & Surplus 1111.0 1,101.4 Goodwill 3.4 3.2 Minority Interest -2.6 -1.6 O
Slide 17: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q2FY26 Q2FY25 YoY% Q1FY26 QoQ% H1FY26 H1FY25 YoY% Net Revenue 658.0 596.9 10.2% 554.8 18.6% 1,212.7 1,131.3 7.2% Gross Margin 371.7 309.9 19.9% 303.0 22.7% 674.7 591.2 14.1% Gross Margin % 56.5% 51.9% 460 bps 54.6% 190 bps 55.6
Slide 18: Laminates & Allied Segment – Quantitative Details
Consolidated Financial Performance Laminates & Allied Segment – Quantitative Details Particulars Q2FY26 Q2FY25 YoY% Q1FY26 QoQ% H1FY26 H1FY25 YoY% Annual Installed Capacity 24.52 24.52 24.52 24.52 24.52 (Mn Sheets) Production (Mn Sheets) 5.91 5.61 5.3% 5.15 14.9% 11.06 10.70 3.4% Capacity Utilizatio
Slide 19: Plywood & Allied Segment
Consolidated Financial Performance Plywood & Allied Segment INR Crores Q2FY26 Q2FY25 YoY% Q1FY26 QoQ% H1FY26 H1FY25 YoY% Net Revenue 102.5 83.9 22.2% 88.0 16.4% 190.5 154.3 23.5% Gross Margin 52.9 41.6 27.1% 40.6 30.3% 93.5 75.0 24.6% Gross Margin % 51.6% 49.6% 200 bps 46.1% 550 bps 49.1% 48.6% 50 b
Slide 20: Plywood – Quantitative Details
Consolidated Financial Performance Plywood – Quantitative Details Particulars Q2FY26 Q2FY25 YoY% Q1FY26 QoQ% H1FY26 H1FY25 YoY% Annual Installed Capacity (Mn Sqmt) 18.90 18.90 18.90 18.90 18.90 Production (Mn Sqmt) 1.67 1.08 55.3% 1.34 24.7% 3.02 2.21 36.5% Capacity Utilization (Annualized) 35% 23%
Slide 21: Panel & Allied
Consolidated Financial Performance Panel & Allied INR Crores Q2FY26 Q1FY26 QoQ% H1FY26 Net Revenue 47.8 31.0 54.2% 78.8 Gross Margin 16.7 13.9 20.3% 30.6 Gross Margin % 35.0% 44.9% 38.9% EBITDA without forex (7.3) (9.8) (17.1) EBITDA Margin % -15.3% -31.5% -21.6% EBITDA with forex (14.1) (25.9) 0.0%
Slide 22: Chipboard – Quantitative Details
Consolidated Financial Performance Chipboard – Quantitative Details Particulars Q2FY26 Q1FY26 QoQ% H1FY26 Annual Installed Capacity (CBM) 2,92,380 2,92,380 2,92,380 Production (CBM) 26,571 21,547 23.3% 48,118 Capacity Utilization (CBM) 36% 30% 33% Sales (CBM) 26,287 14,609 79.9% 40,896 Average Reali
Slide 23: Operating Parameters - Net Working Capital
Consolidated Financial Performance Operating Parameters - Net Working Capital Particulars Q2FY26 Q2FY25 Q1FY26 H1FY26 H1FY25 Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 711.0 80 658.4 88 681.4 92 711.0 88 658.4 93 Trade Receivables 212.4 24 207.3 28 190.3 26 212.4 26 207.3 29 Trade Payabl
Slide 24: Debt Position
Consolidated Financial Performance Debt Position INR Crores Q2FY26 Q2FY25 Q1FY26 H1FY26 H1FY25 Long Term Debt (Including current 828.1 877.1 840.9 828.1 877.1 portion) Short Term Debt 233.8 246.0 281.1 233.8 246.0 Total Debt 1061.8 1123.1 1122.0 1061.8 1123.1 Cash & Bank Balance 26.3 24.2 24.3 26.3
Slide 25: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE INR Crores Q2FY26 Q2FY25 Q1FY26 H1FY26 H1FY25 9.3% EBIT 70.1 62.8 11.4 81.5 103.6 3.7% PAT 31.8 34.4 -15.7 16.1 54.3 Capital Employed 2189.8 2236.3 2226.1 2189.8 2236.3 H1FY26 H1FY25 ROE Net Worth 1133.9 1111.9 1109.9 1133.9 1111.9 9
Slide 26: 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@