Greenlam Industries clears ₹3,000 cr revenue, but costs cut full-year profit

What's new with Greenlam Industries Ltd.

• 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 for Greenlam Industries Ltd.

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.