Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q4 FY26 Earnings Presentation
26 slides from Greenlam Industries's earnings presentation, May 23, 2026
Slide 1: Cover letter to stock exchanges: Investor Presentation
Greenlam/2026-27 May 23, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Limited Exchange Department of Corporate Services Plaza, Bandra Kurla Complex Bandra (E) Floor 25, P. J. Towers, Dalal Mumbai - 400 051 Street Mumbai - 400 001 Fax No. 022-2659-8237/8238/8347/8348 Fax
Slide 2: Bettering: A New Chapter of Transformation – Result Update Q4 & 12MFY26
BETTERING A NEW CHAPTER OF TRANSFORMATION Result Update Q4 & 12MFY26 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 UOM 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 Behro
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 5 years
Financial Performance for last 5 years 3046.1 128.0 138.0 334.2 2569.3 294.7 276.1 2306.3 2026.0 232.9 90.6 1703.4 187.0 68.3 56.0 FY 22 FY 23 FY 24 FY 25 FY 26 FY 22 FY 23 FY 24 FY 25 FY 26 FY 22 FY 23 FY 24 FY 25 FY 26 Revenue (INR Crs) *EBITDA (INR Crs) PAT (INR Crs) 0.88 18.2 13.8 13.2 0.77 0.80
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 11 The Maps provided are for pictorial representation only Maps not to scale. All data, information, and m
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: Financial Highlights Q4FY26
Financial Highlights Q4FY26 ▪ The current quarter recorded revenues of INR 857.7 crores with a growth of 25.8% on YoY basis with revenues growing across segments. The performance was broad-based, continued by strong momentum across business segments, both domestic and international. Further, our ann
Slide 15: Consolidated Financial Performance: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q4FY26 Q4FY25 YoY% Q3FY26 QoQ FY26 FY25 YoY% Revenue 857.7 681.8 25.8% 706.3 21.4% 3046.1 2569.3 18.6% Raw Material 415.5 336.3 313.8 1412.8 1226.6 Gross Profit 442.1 345.5 28.0% 392.5 12.6% 1633.3 1342.7 21.6% Gross Margin % 51
Slide 16: Consolidated Financial Performance: Balance Sheet
Consolidated Financial Performance Balance Sheet INR Crores Mar-26 Mar-25 INR Crores Mar-26 Mar-25 Shareholders Fund 1,179.1 1,125.3 Non-Current Assets 1,769.6 1,815.0 Share Capital 25.5 25.5 Fixed Assets 1,715.4 1,774.7 Reserves & Surplus 1,153.7 1,101.4 Goodwill 3.5 3.2 Minority Interest -0.2 -1.6
Slide 17: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q4FY26 Q4FY25 YoY% Q3FY26 QoQ FY26 FY25 YoY% Net Revenue 658.5 575.5 14.4% 562.0 17.2% 2,433.3 2,226.4 9.3% Gross Margin 356.7 293.6 21.5% 324.4 9.9% 1,355.7 1,173.0 15.6% Gross Margin % 54.2% 51.0% 320 bps 57.7% -350 bps 55.7%
Slide 18: Laminates & Allied Segment – Quantitative Details
Consolidated Financial Performance Laminates & Allied Segment – Quantitative Details Particulars Q4FY26 Q4FY25 YoY% Q3FY26 QoQ FY26 FY25 YoY% Annual Installed Capacity 24.52 24.52 24.52 24.52 24.52 (Mn Sheets) Production (Mn Sheets) 4.87 4.43 10.0% 5.08 -4.2% 21.01 19.99 5.1% Capacity Utilization (A
Slide 19: Plywood & Allied Segment
Consolidated Financial Performance Plywood & Allied Segment INR Crores Q4FY26 Q4FY25 YoY% Q3FY26 QoQ% FY26 FY25 YoY% Net Revenue 119.3 101.2 17.9% 90.1 32.3% 400.0 337.8 18.4% Gross Margin 54.0 44.8 20.4% 43.9 22.9% 191.3 162.6 17.7% Gross Margin % 45.2% 44.3% 90 bps 48.7% -350 bps 47.8% 48.1% -30 b
Slide 20: Plywood – Quantitative Details
Consolidated Financial Performance Plywood – Quantitative Details Particulars Q4FY26 Q4FY25 YoY% Q3FY26 QoQ% FY26 FY25 YoY% Annual Installed Capacity (Mn Sqmt) 18.90 18.90 18.90 18.90 18.90 Production (Mn Sqmt) 2.02 1.47 37.5% 1.75 15.8% 6.79 4.82 40.7% Capacity Utilization (Annualized) 43% 31% 37%
Slide 21: Panel & Allied Segment
Consolidated Financial Performance Panel & Allied Segment INR Crores Q4FY26 Q4FY25 YoY% Q3FY26 QoQ% FY26 FY25 YoY% Net Revenue 79.8 5.1 - 54.2 47.3% 212.8 5.1 - Gross Margin 31.5 7.1 - 24.2 30.1% 86.2 7.1 - Gross Margin % 39.4% - - 44.6% -520 bps 40.5% - - EBITDA without forex impact (2.2) (7.5) - (
Slide 22: Chipboard – Quantitative Details
Consolidated Financial Performance Chipboard – Quantitative Details Particulars Q4FY26 Q4FY25 YoY% Q3FY26 QoQ% FY26 FY25 YoY% Annual Installed Capacity (CBM) 2,92,380 2,92,380 2,92,380 2,92,380 2,92,380 Production (CBM) 35,305 12,979 30,028 17.6% 1,13,451 12,979 Capacity Utilization (CBM) 49% 24% 41
Slide 23: Operating Parameters - Net Working Capital (NWC)
Consolidated Financial Performance Operating Parameters - Net Working Capital (NWC) Particulars Q4FY26 Q4FY25 Q3FY26 FY26 FY25 Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 763.9 82 664.7 89 805.8 105 763.9 92 664.7 94 Trade Receivables 218.7 23 157.3 21 160.8 21 218.7 26 157.3 22 Trade Pay
Slide 24: Debt Position
Consolidated Financial Performance Debt Position INR Crores FY26 FY25 Long Term Debt (Including current portion) 883.9 853.1 Short Term Debt 171.5 234.5 Total Debt 1055.4 1087.6 Cash & Liquid Investments 115.3 98.5 Net Debt 940.1 989.1 Total Debt includes current portion of long-term debt and is pri
Slide 25: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE INR Crores Q4FY26 Q4FY25 Q3FY26 FY26 FY25 **ROCE (%) EBIT* 75.1 30.7 35.0 191.6 171.9 8.6 PAT 40.5 1.5 -0.6 56.0 68.3 7.8 Capital Employed 2230.6 2207.2 2203.0 2230.6 2207.2 FY 25 FY 26 Net Worth 1179.1 1125.3 1133.7 1179.1 1125.3 ROE (%)
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@