Greenlam Industries Limited, among the world’s top 3 laminate manufacturers with its flagship brands Greenlam Laminates, NewMika Laminates, Mikasa Decowood Veneers (formerly Decowood Veneers), Mikasa Floors, Mikasa Doors & Frames, MikasaPly and Greenlam MFC, today announced its unaudited consolidated financial results for the first quarter of the financial year 2025-26.
Greenlam Industries Consolidated Results, Q1FY26: For the first quarter ended on June 30, 2025, consolidated net revenues from operations witnessed a growth of 11.4%, at Rs673.8 crores, as compared to Rs604.7 crores in the corresponding quarter of the previous financial year. The domestic business witnessed a growth of 22.2% led by all the categories including chipboard.
The operating profits, before net forex fluctuations of Rs10.6 crores, reported at Rs54.7 crores as compared to Rs64.0 crores in the corresponding quarter last year. The company reported a net loss of Rs15.7 crores for the current quarter on account of higher interest and depreciation for chipboard business which started operations in last quarter and had first full quarter of operations in the current year and notional loss of Rs18.8 crores on account of EUR denominated loan for chipboard project due to adverse movement of EURINR during the quarter.
Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries Ltd. said: “Q1 FY26 began on a strong note with 11.4% YoY revenue growth, nearly matching Q4FY25. Domestic business rose 22.2%, led by solid performance across all segments including chipboard. Gross margins improved to 53.1% due to stable raw material costs and easing timber prices. Operating profits before forex stood at Rs54.7 crore, impacted by initial chipboard losses. Net loss of Rs15.7 crore was mainly due to forex fluctuations and higher chipboard-related costs. Working capital improved to 59 days, and chipboard products are receiving positive market feedback. We’ve unified our wood panel brands under Mikasa, strengthening our lifestyle-driven portfolio. Greenlam remains focused on innovation and delivering industry-first solutions.”
