ALFA Finder| Management target | Revenue FY27 |
|---|
| Revenue growth | +8% YoY Q2 (₹875 Cr), price-led; laminate flat. |
|---|---|
| Margins | Contracting: gross margin -310bps, EBITDA -330bps YoY; laminate EBITDA 12%, -590bps. |
| Demand visibility | Domestic growth lagged; Europe flat; Q3 early signs better, not comparable. |
| Management confidence | Defensive: admits Q2 miss; outlook hedged with 'hopeful', 'probably'. |
Growth
Revenue +8% YoY (₹875 Cr), H1 +13%. Growth is price-led: laminate volumes -12%, realisation +12%, laminate revenue flat.
Outlook
FY27 revenue guided at 16-18%, down from 18-20%. H2 margin guidance withheld. Net debt ₹922 Cr; ~₹100 Cr debt-reduction target hedged as 'very near'.
Risks
Export logistics (freight, vessels, containers) disrupted; European demand flat; gross margin down 310bps; EBITDA margin down 330bps YoY.
Last quarter's promises, checked
Partly delivered
- Guided ~₹100 Cr FY27 debt reduction → net debt ₹934 Cr (Jun) to ₹922 Cr (Sep), ~₹12 Cr cut (= PARTIAL)
- Guided 2 AP laminate lines commercial by Q4 FY27 → on schedule, not yet due (= PARTIAL)
Missed
- Guided 18% FY27 revenue growth → H1 +13%, FY27 guide cut to 16-18% (= MISS)
- Guided laminate revenue +10-12% FY27 → Q2 laminate revenue flat (= MISS)
- Guided laminate EBITDA ~15-16% → Q2 laminate EBITDA 12%, -590bps YoY (= MISS)
Earnings Call Transcript filed with NSE, NSE: GREENLAM. Summary written with AI assistance from the document.
Greenlam Industries Ltd: key numbers
- Share price
- ₹203.70
- Market cap
- ₹5,197 Cr
- Revenue (annual)
- ₹3,046 Cr
- Net profit (annual)
- ₹56.26 Cr
- P/E (TTM)
- 61.1×Sector 34.9×
- Promoter holding
- 50.98%+0.00% QoQ
- FII holding
- 1.36%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Greenlam Industries Ltd
All →Greenlam Industries Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹875.2 Cr (+8.3% YoY), PAT ₹24.5 Cr (-22.9%), pre-forex EBITDA margin 9.9% (-330 bps). Laminates flat; chipboard scaling. No quantified guidance given.
Greenlam Industries Results Update
Greenlam Industries reported Q2 FY27 consolidated net sales of ₹875.2 crore (up 8.3% YoY) and net profit of ₹24.5 crore (down 22.9%). Investors should note the press release accompanies the financial results.
Greenlam Industries Q2 FY27 Results: Net Profit ₹24.5 Cr, Down 23.0% YoY
Greenlam Industries Ltd reported revenue from operations of ₹875.2 Cr (+8.3% YoY) and net profit of ₹24.5 Cr (-23.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹24.5 Cr · -23.0% YoY
Greenlam Industries Legal & Regulatory
Greenlam received a GST show cause notice for Rs 7.71 Crore over excess input tax credit. The company has replied and expects no material impact.
- Value
- ₹7.71 Cr
Greenlam Industries Board Meeting Date
Greenlam Industries scheduled a Board Meeting for 05 Nov 2026 to approve Q1 FY27 results. Trading window closed from 01 Oct 2026.
Greenlam Industries Other Announcement
Greenlam Industries Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, as per regulatory requirements. This document discloses current equity distribution.