Greenlam Industries clears ₹3,000 cr revenue, but costs cut full-year profit
A strong Q4 showing with net profit hitting ₹40.5 crore could not offset rising operating expenses and forex hits for the full year.
— 4 earlier stories on Greenlam Industries Ltd. →What's new
- March quarter revenue rose 25.8% to ₹857.7 cr; net profit jumped to ₹40.5 cr from ₹1.5 cr.
- Full-year revenue grew 18.6% to ₹3,046.1 cr, aided by 9.3% growth in the laminate segment.
- Full-year net profit fell 18.1% to ₹56 cr due to forex losses and higher chipboard business costs.
Why this matters
Greenlam's Q4 performance is a sharp correction from the weakness that marred its earlier fiscal quarters. Still, the full-year profit decline confirms that even as top-line scale expands, the business is struggling to contain operating costs and volatility in its chipboard division.
What we're watching
- Whether the margin compression seen in FY26 persists into the new fiscal year.
- If the laminate business can maintain growth momentum against rising input prices.
- Any management commentary on curbing exceptional losses in the chipboard unit.
The full read
Greenlam Industries finished its fiscal year with a revenue milestone, breaking through the ₹3,000 crore mark for the first time. The final quarter provided the lift, as revenue climbed 25.8% to ₹857.7 crore and net profit surged to ₹40.5 crore. A year prior, that same quarter yielded just ₹1.5 crore. Despite this late-year strength, the company's full-year story is one of dilution. Net profit for the year dropped 18.1% to ₹56 crore, held back by higher operating expenses, forex losses, and specific exceptional items within its chipboard segment. Laminates, the core business, delivered a 9.3% growth rate for the year. Greenlam grew its scale, but the bottom-line drag is the test for next year. With the Q4 numbers largely aligning with prior disclosures, the open question is whether the recent quarterly improvement in profitability is a trend or a transient recovery.
Greenlam Industries Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on GREENLAM →- 22 May 2026 · 7:49 PM IST Greenlam Industries clears ₹3,000 cr revenue, but costs cut full-year profit
- 32d ago Greenlam targets 18-20% revenue growth, bets on chipboard and plywood to break even
- 37d ago Greenlam guides 18-20% FY27 growth, targets break-even for chipboard and plywood
- 50d ago Greenlam Industries reports 23% profit growth as consolidated earnings slide
- 50d ago Greenlam Industries reports 23% profit growth at standalone level