Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q2 FY2027 Earnings Presentation
38 slides from Greenply Industries's earnings presentation, Oct 29, 2026
Slide 1: Exchange filing cover letter
I ~ HAR ZARURAT KA REPLY Greenply/2026-27 October 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 Scrip Code:
Slide 2: Transforming Indian Spaces
Se TRANSFORMING INDIAN SPACES
Slide 3: Analyst Presentation Q2 & H1 FY2027
ANALYST PRESENTATION Q2 & H1 FY2027 29 October 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 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 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Y-o-Y Q-o-Q Y-o-Y Revenue 799.7 688.6 16.1% 724.9 10.3% 1,524.6 1,289.4 18.2% Core EBITDA 89.2 56.8 57.2% 78.3 14.0% 167.5 118.4 41.5% Core EBITDA % 11.2% 8.2% + 300
Slide 8: Key results highlights - Consolidated debt position
Key results highlights- Consolidated Change Change Consolidated Debt position (Rs/Crores) Sept’26 June’26 Sept’25 Q-o-Q Y-o-Y Ply Business 176 180 -3 110 66 MDF Business 401 374 26 406 -5 Total Gross Debt 577 554 23 516 62 Net Debt 544 533 11 510 34 Equity 969 932 36 847 122 Net D/E (Times) 0.56 0.5
Slide 9: Key results highlights - India Ply business
Key results highlights – India Ply business Plywood Business ^ (Standalone + Subsidiaries) % Change % Change % Change Particulars Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Y-o-Y Q-o-Q Y-o-Y Sales Volume (MSM) 23.0 21.7 6.1% 19.4 18.6% 42.40 38.84 9.2% Realisation (Rs/Sqm) 264 242 9.0% 265 -0.3% 264 24
Slide 10: Key results highlights - India MDF business
Key results highlights – India MDF business MDF Business % Change % Change % Change Particulars Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Y-o-Y Q-o-Q Y-o-Y Sales Volume (CBM) 54,605 47,018 16.1% 57,805 -5.5% 1,12,411 93,368 20.4% Realisation (Rs/CBM) 31,816 31,161 2.1% 33,525 -5.1% 32,694 31,460 3.9%
Slide 11: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE
Slide 12: Consolidated P&L - Q2 FY27
Consolidated P&L –Q2 FY27 Revenue growth of 16.1% YoY Revenue-Rs. Crores Sales Minus COGS - Rs. Crores, Margin % 16.1% 28.3% 10.3% 8.3% 700 600 400 42.5% 41.7% 50.0% 350 37.7% 500 300 40.0% 800 250 400 689 725 30.0% 200 300 150 308 334 20.0% 260 100 10.0% 200 50 100 0 0.0% Q2FY26 Q1 FY27 Q2 FY27 Q2F
Slide 13: Consolidated P&L - H1 FY27
Consolidated P&L –H1 FY27 Revenue growth of 18.2% YoY Revenue-Rs. Crores Sales Minus COGS - Rs. Crores, Margin % 18.2% 24.1% 800 42.1% 50.0% 2,000 40.1% 1,525 600 40.0% 1,500 1,289 30.0% 1,000 400 642 20.0% 517 500 200 10.0% - 0 0.0% H1 FY26 H1 FY27 H1 FY26 H1 FY27 Core EBITDA- Rs. Crores, Margin %
Slide 14: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 400 51 60 500 100 450 100 350 400 42 43 50 400 80 80 300 350 40 57 300 250 300 46 48 60 52 47 50 60 200 30 250 200 40 200 40 150 20 150 100 100 20 100 50 10 20 355 337 368 399 363 405
Slide 15: India Plywood Business P&L - Q2 FY27
India Plywood Business^ - P&L-Q2 FY27 Revenue growth of 15.5% YoY Revenue- Rs. Crores Sales Minus COGS - Rs. Crores, Margin % 15.5% 18.8% 26.3% 700 220 21.1% 50.0% 600 542 527 626 39.4% 38.7% 200 36.1% 40.0% 500 400 180 247 300 30.0% 160 195 204 200 100 140 20.0% 0 120 10.0% Q2 FY26 Q1 FY27 Q2 FY27
Slide 16: India Plywood Business P&L - H1 FY27
India Plywood Business^ - P&L-H1 FY27 Revenue growth of 15.7% YoY Revenue- Rs. Crores Sales Minus COGS - Rs. Crores, Margin % 15.7% 20.7% 400 50.0% 1,300 40.0% 1,152 370 37.5% 39.1% 30.0% 996 340 1,000 20.0% 310 10.0% 373 450 700 280 0.0% H1 FY26 H1FY27 H1 FY26 H1FY27 Core EBITDA- Rs. Crores, Margin
Slide 17: India Plywood Business - Ratios
India Plywood Business^ - Ratios Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* Payables- Rs. Crores, days* 350 70 62 420 65 66 58 500 63 64 300 60 63 400 63 64 46 47 400 250 50 62 380 62 200 40 300 61 60 360 60 150 30 200 59 58 59 340 58 100 20 100 339 342 396 58 320 56 50 10 355 335
Slide 18: India Plywood Business - Operating Metrics Q2 FY27
India Plywood Business^ - Operating Metrics Q2 FY27 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 38% 32% 80% 32% 27% 33% 40% 60% 60% 40% 68% 40% 68% 73% 62% 60% 67% 20% 20% 0% 0% Q2 FY26 Q1 FY27
Slide 19: India Plywood Business - Operating Metrics H1 FY27
India Plywood Business^ - Operating Metrics H1 FY27 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 40% 36% 80% 33% 30% 60% 60% 40% 40% 70% 60% 64% 67% 20% 20% 0% 0% H1 FY26 H1FY27 H1 FY26
Slide 20: India MDF P&L - Q2 FY27
India MDF P&L- Q2 FY27 Revenue growth of 18.4% YoY Revenue- Rs. Crores Sales Minus COGS - Rs. Crores, margin % 18.4% -11.1% 220.0 120 53% 60% 195.7 50% 173.9 100 44% 50% 170.0 146.8 80 40% 120.0 60 30% 104 70.0 40 86 20% 65 20 10% 20.0 Q2 FY26 Q1 FY27 Q2 FY27 0 0% Q2 FY26 Q1 FY27 Q2 FY27 Core EBITDA
Slide 21: India MDF P&L - H1 FY27
India MDF P&L- H1 FY27 Revenue growth of 25.6% YoY Revenue- Rs. Crores Sales Minus COGS - Rs. Crores, margin % 25.6% 32.7% 200.0 48.9% 51.6% 60.0% 500.0 369.6 50.0% 400.0 150.0 294.2 40.0% 300.0 100.0 30.0% 200.0 20.0% 50.0 100.0 10.0% 143.8 190.8 - - 0.0% H1 FY26 H1 FY27 H1 FY26 H1 FY27 Core EBITDA
Slide 22: India MDF Business Ratios
India MDF Business Ratios Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* Payables- Rs. Crores, days* 120 53 60 18 80 50 40 20 45 16 100 50 60 30 13 15 80 40 36 40 32 29 60 30 20 10 40 20 20 10 5 58 68 59 20 10 29 34 26 0 81 97 108 0 0 0 0 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Sep-
Slide 23: Updates on the Furniture Hardware JV - Greenply Samet
Updates on the Furniture Hardware JV- Greenply Samet • Financial performance – Q2 FY’27 • Revenue at Rs 14.08 crores. (100%) • Share of PAT loss was Rs 6.3 Crores (50% our share) • Financial performance – H1 FY’27 Hinge Systems Lift-Up Door Systems • Revenue at Rs 27.70 crores. (100%) • Share of PAT
Slide 24: Corporate Overview
CORPORATE OVERVIEW
Slide 25: Greenply at a Glance
Greenply at a Glance 40+ 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/WPC boards, Fu
Slide 26: Pioneering brand with several innovations
Pioneering brand with several innovations st Zero Emission Ply To receive FSC certification Lifetime Warranty Ply Structural Grade Ply Carpenter Recognition (HKS) To Plant 50 Mn Trees
Slide 27: Strategic Outlook
Strategic 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
Slide 28: A Comprehensive Portfolio for Every Interior Space
A Comprehensive Portfolio for Every Interior Space 27
Slide 29: Greenply Manufacturing Capacities
Greenply 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 (CBM
Slide 30: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Shareholding Pattern- 30th Sept 2026 Major Institutional Shareholders – 30th Sept 2026 11.81% Major Institutional Shareholders Shareholding % *Mirae Mutual fund 11.22 HDFC Mutual Fund 6.35 51.93% Tata Mutual Fund 5.77 31.60% Canara Robeco Mutual Fund 2.62 Bandh
Slide 31: Marketing Activities
MARKETING ACTIVITIES
Slide 32: Greenply Dominance at India's Biggest Trade Exhibition
GREENPLY DOMINANCE AT INDIA’S BIGGEST TRADE EXHIBITION MATECIA 2026 IN N OVATION W IDE STRON G IN DISPLAY PRODUCT RAN GE EN GAGEMEN T IMPACTFUL CRAFTSMANSHIP ICONIC PREMIUM PRODUCT SOLUTIONS BRAND EXPERIENCES ON DISPLAY BRAND PRESENCE SHOWCASE FOR EVERY SPACE
Slide 33: Building Consumer Trust through Impactful Campaigns
Building Consumer Trust through Impactful Campaigns Brand Campaign – Greenply Gold New Product Launch – Ecotec Prime Brand Campaign – MDF Objective : Build confidence in long-lasting Objective : Strengthen appeal among value- Objective : Strengthen category leadership plywood protection and premium
Slide 34: Driving Brand Visibility & Imagery
Driving Brand Visibility & Imagery Sports Association – IND VS AFG Purpose led Initiatives Reach - Impact Associations Nurturing Spaces during BreastFeeding Week Seeding the Future with Seed Distribution at Metro Station Sustained 360° Media Campaigns Across TV, Radio and Cinema Halls to Maximise Br
Slide 35: Engaging, Enabling & Elevating Our Contractor & Trade Community
Engaging, Enabling & Elevating Our Contractor & Trade Community Trade Visibility through Influencer Channel Wellbeing Programme Exhibitions BHARAT BUILDCON 2026 MATECIA 2026
Slide 36: Designing meaningful connection with Architects
Designing meaningful connection with Architects Community Influence Channel Sustainability Bridge Engagement
Slide 37: Awards & Recognition
Awards & Recognition Economic Times Great Place to Work- Best Green India’s Most trusted Sustainable Guinness World Record Three times in a row Manufacturing Brand- 2022 Organisations Award - 2026 (2020, 2021, 2022) Company- 2022 2023 36
Slide 38: 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: [email protected] Website: www.greenply.com
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