Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q2 & H1 FY2026 Earnings Presentation
41 slides from Greenply Industries's earnings presentation, Nov 4, 2025
Slide 1: Cover letter to stock exchanges
HAR ZARURAT KA REPLY Greenply/2025-26 November 04, 2025 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 Q2 & H1 FY2026
ANALYST PRESENTATION Q2 & H1 FY2026 4 November 2025 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 Q2 FY26 Q2 FY25 Q1 FY26 H1 FY26 H1 FY25 Y-o-Y Q-o-Q Y-o-Y Revenue 688.6 640.5 7.5% 600.8 14.6% 1,289.4 1,224.4 5.3% Core EBITDA 56.8 57.6 -1.5% 61.6 -7.9% 118.4 115.5 2.5% Core EBITDA % 8.2% 9.0% - 80 bps 1
Slide 8: Key results highlights - Consolidated debt position
Key results highlights- Consolidated Change Change Consolidated Debt position (Rs/Crores) Sep’25 June’25 Sep'24 Q-o-Q Y-o-Y Ply Business (GIL+Sandila+Alishan) 110 138 -29 52 58 MDF Business (GSPPL) 406 405 1 374 32 Total Gross Debt 516 543 -28 426 89 Net Debt 510 538 -27 347 164 Equity 847 837 10 75
Slide 9: Key results highlights - India Ply business
Key results highlights – India Ply business Plywood Business ^ (Standalone + Subsidiaries) % Change % Change % Change Particulars Q2 FY26 Q2 FY25 Q1 FY26 H1 FY26 H1 FY25 Y-o-Y Q-o-Q Y-o-Y Sales Volume (MSM) 21.7 20.2 7.2% 17.2 26.4% 38.84 37.89 2.5% Realisation (Rs/Sqm) 242 251 -3.5% 255 -5.1% 248 2
Slide 10: Key results highlights - India MDF business
Key results highlights – India MDF business MDF Business % Change % Change % Change Particulars Q2 FY26 Q2 FY25 Q1 FY26 H1 FY26 H1 FY25 Y-o-Y Q-o-Q Y-o-Y Sales Volume (CBM) 47,018 40,553 15.9% 46,350 1.4% 93,368 83,277 12.1% Realisation (Rs/CBM) 31,161 31,169 0.0% 31,763 -1.9% 31,460 30,988 1.5% Rev
Slide 11: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE
Slide 12: Consolidated P&L - Q2 FY26
Consolidated P&L –Q2 FY26 Revenue growth of 7.5% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 7.5% 700 14.6% 600 300 42.8% 50.0% 39.1% 37.7% 500 250 40.0% 200 30.0% 400 640 689 601 150 300 250 257 260 20.0% 100 200 50 10.0% 100 0 0.0% Q2FY25 Q1 FY26 Q2 FY26 Q2FY25 Q1 FY26 Q2 FY26 Core E
Slide 13: Consolidated P&L - H1 FY26
Consolidated P&L –H1 FY26 Revenue growth of 5.3% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 5.3% 600 50.0% 1,500 1,224 1,289 39.9% 40.1% 40.0% 1,000 400 30.0% 488 517 20.0% 500 200 10.0% - 0 0.0% H1FY25 H1FY26 H1FY25 H1FY26 Core EBITDA- Rs. Crores, Margin % PAT - Rs. Crores, Margin %
Slide 14: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 400 70 600 100 400 100 58 77 350 51 60 500 350 80 80 300 50 57 300 400 52 250 44 60 250 50 60 29 40 300 44 200 200 30 40 40 150 200 150 100 20 100 20 100 20 50 192 380 355 10 297 506
Slide 15: India Plywood Business P&L - Q2 FY26
India Plywood Business^ - P&L-Q2 FY26 Revenue growth of 5.4% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 5.4% 19.4% 600 514 220 50.0% 454 542 500 39.2% 200 36.6% 36.1% 400 40.0% 300 180 30.0% 200 160 188 195 178 20.0% 100 140 0 120 10.0% Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26
Slide 16: India Plywood Business P&L - H1 FY26
India Plywood Business^ P&L-H1 FY26 Revenue growth of 3.1% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 3.1% 400 40.0% 996 370 37.1% 37.5% 30.0% 1,000 966 340 20.0% 310 10.0% 359 373 700 280 0.0% H1 FY25 H1FY26 H1 FY25 H1FY26 Core EBITDA- Rs. Crores, Margin % PAT- 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 63 70 500 100 62 80 400 64 300 55 60 62 350 59 400 80 300 60 250 50 58 52 250 58 200 40 300 47 60 56 30 200 150 315 303 30 339 54 200 397 40 150 275 293 52 100 20 318
Slide 18: India Plywood Business Operating Metrics Q2 FY26
India Plywood Business^ - Operating Metrics Q2 FY26 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 44% 42% 38% 80% 36% 34% 32% 60% 60% 40% 40% 56% 58% 62% 64% 66% 68% 20% 20% 0% 0% Q2 FY25 Q1 FY26
Slide 19: India Plywood Business Operating Metrics H1 FY26
India Plywood Business^ Operating Metrics H1 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% 41% 40% 80% 34% 33% 60% 60% 40% 40% 59% 60% 66% 67% 20% 20% 0% 0% H1 FY25 H1FY26 H1 FY25 H
Slide 20: India MDF P&L - Q2 FY26
India MDF P&L- Q2 FY26 Revenue growth of 15.9% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores 15.9% -0.5% 160.0 147.2 100 54% 60% 146.5 49% 140.0 126.4 44% 50% 120.0 80 100.0 40% 60 80.0 30% 60.0 40 79 62 65 20% 40.0 20 10% 20.0 Q2 FY25 Q1 FY26 Q2 FY26 0 0% Q2 FY25 Q1 FY26 Q2 FY26 Core EBITDA- Rs.
Slide 21: India MDF P&L - H1 FY26
India MDF P&L- H1 FY26 Revenue growth of 13.8% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores 13.8% 48.9% 600.0 145.0 49.8% 60.0% 500.0 140.0 50.0% 400.0 293.7 40.0% 258.1 135.0 300.0 128.8 143.8 30.0% 200.0 130.0 20.0% 100.0 125.0 10.0% - 120.0 0.0% H1 FY25 H1 FY26 H1 FY25 H1 FY26 Core EBITDA- Rs
Slide 22: India MDF Business Ratios
India MDF Business Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 70 50 120 80 40 67 35 25 60 70 20 40 100 30 18 50 32 60 20 50 25 25 30 80 50 13 40 35 20 15 60 40 30 20 15 10 40 30 20 10 10 20 5 10 20 5 18 32 29 35 66 52 49 109 81 10 0 0 0 0
Slide 23: Updates on the Furniture Hardware JV - Greenply Samet
Updates on the Furniture Hardware JV- Greenply Samet • Financial performance – Q2 FY’26 • Revenue at Rs 11.36 crores. (100%) • Share of PAT loss was Rs 5.9 Crores (50% our share) • Financial performance – H1 FY’26 Hinge Systems Lift-Up Door Systems • Revenue at Rs 17.9 crores. (100%) • Share of PAT
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- 30th September 2025 Major Institutional Shareholders - 30th September 2025 11.42% Major Institutional Shareholders Shareholding % *Mirae Mutual fund 12.63 HDFC Mutual Fund 7.03 Tata Mutual Fund 6.06 32.41% 51.69% Canara Robeco Mutual Fund
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. 107 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
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