Greenlam Industries Limited Q1 Revenue Rises 18% to Rs 797 Crore

Greenlam Industries Limited reported Q1 FY27 revenue of Rs 797 crore, up 18% year-on-year from Rs 674 crore, while net profit improved to Rs 21 crore from a loss of Rs 16 crore a year earlier. The figures show stronger sales growth, although profitability declined sequentially from the March 2026 quarter.

What did Greenlam report for Q1 FY27?

Greenlam reported net sales turnover of Rs 796.70 crore for the quarter ended June 2026, compared with Rs 673.79 crore in the corresponding quarter of the previous year. Total income, including other income, was Rs 802.66 crore, against Rs 676.24 crore a year earlier.

The company reported a profit after tax of Rs 21.24 crore, reversing a loss of Rs 15.71 crore in the June 2025 quarter. Earnings per share were reported at Rs 0.83, compared with a loss per share of Rs 0.62 in Q1 FY26, according to the recent earnings update.

Revenue was lower than the Rs 857.66 crore reported in the March 2026 quarter. The supplied quarterly data indicates a 7.11% sequential decline in revenue, while gross profit was Rs 44 crore and was down 39.16% quarter-on-quarter.

Which business segments supported Greenlam's sales growth?

Greenlam said laminate revenue was Rs 596 crore in Q1 FY27, with the laminate business reporting an EBITDA margin of 13.9%. The laminate segment was the largest stated contributor to quarterly revenue and remained central to the company's overall sales performance.

Plywood revenue was Rs 106 crore and grew 20% year-on-year, according to the company analysis provided. The panel and allied segment recorded fourfold growth, while the plywood business reduced its EBITDA loss to Rs 5 crore. These details indicate that growth was not limited to laminates, though the supplied information does not provide segment-level profitability for every business.

The company had also reported standalone June 2026 net sales of Rs 584.41 crore, up 4.83% year-on-year. That standalone measure differs from the consolidated revenue figures used in the quarterly income statement, so the two should not be treated as directly comparable.

How did Greenlam's quarterly profitability change?

Greenlam's EBITDA was Rs 85.81 crore in Q1 FY27, compared with Rs 46.53 crore in Q1 FY26 and Rs 110.26 crore in Q4 FY26. Operating profit was Rs 79.85 crore, producing an operating margin of 10.04% on net sales turnover.

Sequentially, operating profit declined from Rs 108.22 crore in the March 2026 quarter and EBITDA declined from Rs 110.26 crore. Net profit also fell from Rs 40.55 crore in the preceding quarter. Interest expense reduced to Rs 19.48 crore from Rs 23.04 crore in Q4 FY26, while depreciation was broadly steady at Rs 35.40 crore.

The five-quarter record shows that operating margins have varied meaningfully. The reported margin was 13.00% in Q2 FY26, 7.00% in Q3 FY26, 13.00% in Q4 FY26 and 10.04% in Q1 FY27. This range is relevant for investors assessing quarterly earnings because revenue growth has not translated into a uniform margin trend.

When will Greenlam announce its next quarterly results?

Greenlam is scheduled to report Q2 FY27 results on November 5, 2026. The company has also announced an earnings call on November 6, 2026 at 2:30 PM IST, when Managing Director Saurabh Mittal and Chief Financial Officer Ashok Sharma are expected to discuss operating and financial performance.

The company stated that no unpublished price-sensitive information will be shared during the call. The next results will cover the quarter ended September 2026 and provide the next reported comparison for the June-quarter revenue growth, margin movement and progress in plywood and panel-related operations.

A separate historical comparison in the supplied data shows that Q2 FY26 revenue was Rs 808.26 crore, operating profit was Rs 104.39 crore and profit after tax was Rs 31.77 crore. These are prior-period figures rather than guidance for the upcoming result.

What does the June-quarter performance mean for investors?

The June-quarter data shows that Greenlam returned to profitability year-on-year alongside 18% revenue growth. Laminate sales of Rs 596 crore and plywood sales of Rs 106 crore were the key disclosed operational figures behind the reported growth.

But the sequential decline in revenue, EBITDA and net profit places attention on margins and cost trends in the September-quarter release. Investors can compare the Q2 FY27 numbers with both the June 2026 quarter and the September 2025 quarter, when the company reported revenue of Rs 808.26 crore and a 13.00% operating margin.

Greenlam declared a dividend of Rs 0.40 on July 3, 2026. The provided information does not state whether this declaration is connected to the June-quarter earnings, but it is a disclosed shareholder distribution alongside the company's financial updates.

Conclusion

Greenlam's Q1 FY27 results show higher revenue and a return to net profit compared with Q1 FY26. Revenue reached Rs 796.70 crore and profit after tax reached Rs 21.24 crore, supported by disclosed growth in laminate, plywood, and panel and allied businesses. However, earnings and margins were lower than in the March 2026 quarter.

The next key disclosure is the Q2 FY27 result scheduled for November 5, 2026, followed by the November 6 earnings call. Investors will watch the company’s updated revenue, operating-margin and segment-performance data, particularly the stated progress in plywood profitability and the panel and allied business.