Press Release for Audited Financial Results for the quarter and year ended March 31, 2026.
GREENLAM · price
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Greenlam Industries reported strong Q4 FY26 results with net revenues of ₹857.7 crore, up 25.8% YoY, and crossed ₹3,000 crore annual revenue milestone at ₹3,046.1 crore for FY26 (18.6% growth). EBITDA before forex impact grew 57.1% YoY to ₹107.4 crore in Q4, while full-year EBITDA rose 21% to ₹334.2 crore. Gross margins improved by 130 bps to 53.6% for the year and 80 bps to 51.5% in Q4, driven by better product mix and supply chain management. However, net profit for FY26 fell 18.1% to ₹56 crore due to higher operating costs, forex fluctuations, exceptional items, and increased interest and depreciation from the chipboard business. Working capital improved by 4 days to 51 days, and net debt stood at ₹940.1 crore.
Strong top-line growth and margin expansion are positives, but lower full-year net profit due to new business costs and forex headwinds may create mixed investor sentiment. The company's ability to pass on raw material cost increases to market demonstrates pricing power.