Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q2 FY27 Earnings Presentation
31 slides from Greenlam Industries's earnings presentation, Nov 5, 2026
Slide 1: Exchange cover letter for investor presentation
Greenlam/2026-27 November 05, 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 Execution Competence for Sustained Excellence – Result Update Q2 & H1FY27
Bettering EXECUTION COMPETENCE FOR SUSTAINED EXCELLENCE Result Update Q2 & H1FY27
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: Business Update
Business Update Qe FY27 Greenlam Industries Limited
Slide 5: Our Journey
Our 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 second lamin
Slide 6: Our Brands
Our Brands Greenlam LAMINATES. LAMINATES CHIPBOARDS COMPACTS FACADES RESTROOMS WORKTOPS @® compact enon LAMINATE Greonlam | restRoom cupicLes & LOCKERS Mikasa | © Mikasa © Mikasa LAMINATES DECOWOOD VENEERS Greenlam Industries Limited PLYWOOD LAMINATES VENEERS FLOORS DOORS PLYWOOD REAL WOOD FLOORS ©M
Slide 7: Our Product Portfolio – Laminate & Allied
Our Product Portfolio Laminate & Allied Compact Panels Laminates ▪ Standard compact panels ▪ Premium and ▪ Lab Surfaces Specialty HPL ▪ Restroom and Surfaces Locker solutions ▪ Worktops Laminates Clads ▪ Commodity to ▪ Exterior Façade Solutions premium surfaces 6
Slide 8: Our Product Portfolio – Plywood & Allied
Our Product Portfolio Plywood & Allied Plywood & Engineered Wooden Blockboards Floors ▪ Saphire ▪ Complete Wooden ▪ Marine Blue Flooring Solutions ▪ Marine ▪ Long Planks, Herringbone, Chevron, Staircase ▪ MR+ Solutions and Matching ▪ BWP+ Accessories ▪ Fire Guardian Decorative Veneers Doors & Frames
Slide 9: Our Product Portfolio – Panel & Allied
Our Product Portfolio Panel & Allied Chipboards ▪ Pre-lam chipboards ▪ Plain chipboards ▪ HMR chipboards ▪ Edge band solutions Pre-lam Chipboard Plain Chipboard HMR Chipboard Edge band Solutions 8
Slide 10: Our Manufacturing Capabilities
Our Manufacturing Capabilities 24.52* 4.2 1.0 Million sheets / boards Million sq.m Million sq.m High pressure laminate Decorative veneer Engineered wood floor • Behror, Rajasthan • Behror, Rajasthan • Behror, Rajasthan • Nalagarh, Himachal Pradesh • Prantij, Gujarat • Naidupeta, Andhra Pradesh 120,0
Slide 11: Our Manufacturing Capabilities
Our Manufacturing Capabilities Tindivanam, Tamil Nadu Naidupeta, Andhra Pradesh Prantij, Gujarat Behror, Rajasthan Nalagarh, Himachal Pradesh 10
Slide 12: Naidupeta – Key Features
Naidupeta – Key Features Integrated Advanced Quality by Portfolio Technology Design One Facility, Multiple Product Flexible & Automated Manufacturing In-house Quality & Process Control Category • High- pressure laminates, compacts, particle boards • Fully automated continuous particle board plant •
Slide 13: Domestic Footprint
Domestic Footprint 23 17 Number of branch offices in India Number of regional distribution centres / warehouses Nalagarh, Himachal Pradesh Behror, Rajasthan 5 2 Prantij, Gurarat Number of manufacturing units Number of experience centres Naidupeta, Andhra Pradesh Tindivanam, Tamil Nadu Manufacturing
Slide 14: International Footprint
International Footprint 120+ 22 Number of countries where Number of global Greenlam Greenlam is present offices 15 200+ Number of operational global Number of overseas employees Greenlam subsidiaries The above data is as on March 31, 2026 13 Maps not to scale. All data, information, and maps are pro
Slide 15: Green Credentials and Certifications
Green Credentials and Certifications PEFC GreenPro Greenguard Low emissions, The natural resource in Environmental NSF International cleaner air, safer your product came responsibility, Independently from a sustainable recognised by cleared for public interiors. source that will still India’s health
Slide 16: ESG Highlights
ESG Highlights 11 MW 3% 16% 64 Renewable Electricity Access Emission Intensity Reduction Million litres of water saved Clean Energy Adoption Emission Reduction Water Stewardship ▪ Renewable electricity up from 1 MW to 11 MW ▪ Scope 1 & 2 intensity down 3% in laminates & 16% • 64 Million litres of wa
Slide 17: Financial Performance for last 5 years
Financial Performance for last 5 years 3046 138 334 128 2569 295 276 2306 2026 233 91 1703 187 68 56 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 (₹ Crs) *EBITDA (₹ Crs) PAT (₹ Crs) 0.88 18.2 13.8 13.2 0.77 0.80 16.5 12.8 14.9 7.8 8.6 6.1 0.33 4.7
Slide 18: Financial Update Q2 & H1 FY27
Financial Q2 & H1 Update 17 FY27
Slide 19: Key Highlights
Key Highlights ▪ The current quarter recorded revenues of ₹ 875.2 crores with a growth of 8.3% on YoY basis ▪ Q2FY27 saw continued turbulence on geopolitical matters with Middle East war resulting in fluctuation in crude prices and crude linked commodities, foreign currency rates. This also resulted
Slide 20: Financial Highlights – Profit and Loss Statement
Financial Highlights Profit and Loss Statement ₹ Crores Q2FY27 Q2FY26 YoY% Q1FY27 QoQ H1FY27 H1FY26 YoY% Revenue 875.2 808.3 8.3% 796.7 9.9% 1671.9 1482.0 12.8% Raw Material 424.6 366.9 375.3 800.0 683.2 Gross Profit 450.5 441.3 2.1% 421.4 6.9% 871.9 798.9 9.1% Gross Margin % 51.5% 54.6% -310 bps 52
Slide 21: Financial Highlights – Balance Sheet
Financial Highlights Balance Sheet INR Crores Sep-26 Mar-26 INR Crores Sep-26 Mar-26 Shareholders Fund 1215.8 1,179.1 Non-Current Assets 1621.1 1769.6 Share Capital 25.5 25.5 Fixed Assets 1555.0 1715.4 Reserves & Surplus 1190.6 1153.7 Goodwill 3.5 3.5 Minority Interest -0.3 -0.2 Other Non-Current As
Slide 22: Laminates & Allied Segment
Financial Highlights Laminates & Allied Segment ₹ Crores Q2FY27 Q2FY26 YoY% Q1FY27 QoQ H1FY27 H1FY26 YoY% Net Revenue 658.0 658.0 0.0% 596.1 10.4% 1,254.1 1,212.7 3.4% Gross Margin 347.8 371.7 -6.4% 329.5 5.5% 677.3 674.7 0.4% Gross Margin % 52.9% 56.5% -360 bps 55.3% -240 bps 54.0% 55.6% -160 bps E
Slide 23: Laminates & Allied Segment – Quantitative Details
Financial Highlights Laminates & Allied Segment – Quantitative Details Particulars Q2FY27 Q2FY26 YoY% Q1FY27 QoQ H1FY27 H1FY26 YoY% Annual Installed Capacity 24.52 24.52 24.52 24.52 24.52 (Mn Sheets) Production 4.83 5.91 -18.3% 4.90 -1.3% 9.73 11.06 -12.0% (Mn Sheets) Capacity Utilization (Annualize
Slide 24: Plywood & Allied Segment
Financial Highlights Plywood & Allied Segment ₹ Crores Q2FY27 Q2FY26 YoY% Q1FY27 QoQ% H1FY27 H1FY26 YoY% Net Revenue 110.2 102.5 7.5% 106.0 3.9% 216.2 190.5 13.5% Gross Margin 55.1 52.9 4.2% 50.7 8.7% 105.9 93.5 13.3% Gross Margin % 50.1% 51.6% -150 bps 47.9% 220 bps 49.0% 49.1% -10 bps EBITDA witho
Slide 25: Plywood – Quantitative Details
Financial Highlights Plywood – Quantitative Details Particulars Q2FY27 Q2FY26 YoY% Q1FY27 QoQ% H1FY27 H1FY26 YoY% Annual Installed Capacity (Mn Sqmt) 18.90 18.90 18.90 18.90 18.90 Production (Mn Sqmt) 2.15 1.67 28.6% 1.83 17.7% 3.98 3.02 32.0% Capacity Utilization (Annualized) 46% 35% 39% 42% 32% Sa
Slide 26: Panel & Allied Segment
Financial Highlights Panel & Allied Segment ₹ Crores Q2FY27 Q2FY26 YoY% Q1FY27 QoQ% H1FY27 H1FY26 YoY% Net Revenue 107.0 47.8 123.9% 94.6 13.1% 201.6 78.8 155.9% Gross Margin 47.6 16.7 184.7% 41.1 16.0% 88.7 30.6 189.6% Gross Margin % 44.5% 35.0% 950 bps 43.4% 110 bps 44.0% 38.9% 510 bps EBITDA with
Slide 27: Chipboard – Quantitative Details
Financial Highlights Chipboard – Quantitative Details Particulars Q2FY27 Q2FY26 YoY% Q1FY27 QoQ% H1FY27 H1FY26 YoY% Annual Installed Capacity (CBM) 2,92,380 2,92,380 2,92,380 2,92,380 2,92,380 Production (CBM) 44,241 26,571 66.5% 44,838 -1.3% 89,079 48,118 85.1% Capacity Utilization (CBM) 61% 36% 61
Slide 28: Operating Parameters – Net Working Capital
Financial Highlights Operating Parameters – Net Working Capital Particulars Q2FY27 Q2FY26 Q1FY27 H1FY27 H1FY26 Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 801 84 711 80 807 92 801 87 711 88 Trade Receivables 242 25 212 24 213 24 242 26 212 26 Trade Payables 538 56 511 58 527 60 538 58 511
Slide 29: Debt Position
Financial Highlights Debt Position ₹ Crores H1FY27 FY26 Long Term Debt (Including current portion) 787.0 883.9 Short Term Debt 214.1 171.5 Total Debt 1001.1 1055.4 Cash & Liquid Investments 79.3 115.3 Net Debt 921.8 940.1 Total Debt includes is prior to IndAS adjustment of ₹ 8.75 crores for H1FY27 a
Slide 30: Return Ratios – ROCE & ROE
Financial Highlights Return Ratios – ROCE & ROE *ROCE (%) ₹ Crores H1FY27 H1FY26 FY26 9.6 7.4 EBIT* 106.3 81.5 191.6 PAT 45.7 16.1 56.0 H1FY26 H1FY27 Capital Employed 2210.9 2189.8 2230.6 Net Worth 1215.8 1133.9 1179.1 ROE (%) 7.5 ROCE* (%) 9.6% 7.4% 8.6% 2.8 ROE (%) 7.5% 2.8% 4.7% *Prior to excepti
Slide 31: For further information, please contact
For further information, please contact: Greenlam Industries Limited Investor Relations Advisors: CIN: L21016DL2013PLC386045 Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Ashok Kumar Sharma Chief Financial Officer Mr. Shogun Jain Email: [email protected] Email: shogun.ja