Greenply Industries Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Consumer Durables | Market Cap: ₹3.7K Cr
Plywood segment targets 10% volume growth for the full year FY27 (Page 4, 14). Greenply Industries expects sustained double-digit volume growth: ~10% in plywood and 25-30% in MDF for FY27.
From Greenply Industries Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹289
Market Cap
₹3.7K Cr
P/E Ratio
32.8
Revenue Rank
Margin Rank
How does Greenply Industries Ltd rank in Consumer Durables?
Compare Greenply Industries Ltd against every Consumer Durables company this quarter on revenue, margins and earnings-call signals.
Greenply Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹776 Cr, net profit ₹31 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Plywood segment targets 10% volume growth for the full year FY27 (Page 4, 14).
- →MDF segment aims for 25% to 30% volume growth for the full year FY27 (Page 4).
- →Furniture and fittings JV revenue target is approximately INR 120-150 crores for FY27 and FY28, with losses expected to reduce as domestic manufacturing replaces imports (Page 14).
- →Peak capacity revenue for MDF flooring estimated between INR 75-80 crores (Page 10).
- →Post capex completion, expected reduction in cost and improved gross margins in furniture fittings business leading to profitability (Page 13-14).
- →Plywood volumes expected to improve further with scale and operational efficiencies, aiming for EBITDA margins of 13-15% at a quarterly revenue run rate of 800 crores (Page 9).
- →Export opportunities may arise in furniture fittings due to cost advantages in India (Page 15).
📈 Profitability & Margins
Rank 3- →Greenply Industries expects sustained double-digit volume growth: ~10% in plywood and 25-30% in MDF for FY27.
- →Targeting 10%+ EBITDA margins in plywood, with potential to reach 13-15% at higher scale (600-800 crores quarterly revenue).
- →MDF segment aims for sustainable EBITDA margins around 16-17%, with potential 1% improvement post capacity expansion.
- →Furniture fittings JV currently loss-making but expected to zero losses by mid-next year and turn profitable thereafter.
- →Debt peak expected by March 31, 2027 (~710-730 crores), with debt-to-equity declining post-capex.
- →New MDF flooring line started commercial production in July 2026, contributing to value-added product growth.
- →Overall, confident of consistent profitable growth with improving operational leverage and cost optimization over next 2-3 years.
🏗️ Capital Expenditure Plans
Yes- →For FY27, Greenply plans a total capex of approximately ₹500 crores:
- → - Parent standalone (GIL): ~₹47 crores (including loss funding for SAMET)
- → - GSPL: ~₹100 crores
- → - GSPPL: ~₹300 crores
- →Hardware business capex:
- → - Phase two capex expected by end of FY27/start of FY28 to enable full domestic manufacturing of currently imported furniture fittings.
- →MDF segment:
- → - Second plant capex is much lower per cubic meter compared to the first plant, focusing on improving asset turn.
- → - New MDF line uses a combination of Chinese and European machinery for better efficiency.
- →Plywood segment:
- → - Implementation of ContiRoll Tech across factories to enhance quality, save materials and labor, with benefits expected from Q4 FY27 onward.
- →Overall, cautious approach on future capex to ensure better asset utilization and profitability.
💰 Fundraising & Capital Structure
Yes- →No specific mention of any new fundraising through debt or equity in the current quarter's discussion.
- →Peak debt guidance given at around INR 710-730 crores by March 31, 2027, with a target to reduce debt-equity ratio below 0.7 within six months after that.
- →No announcement of fresh debt or equity raising; focus remains on managing existing debt and capital expenditure.
- →Capex for FY27 and FY28 planned at substantial levels (approx. INR 500 crores for FY27) mainly funded through internal accruals and existing debt facilities.
- →Management emphasizes disciplined capital allocation with no explicit plans shared for new fundraising rounds.
📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Greenply Industries Ltd Q1 FY27 results?
Plywood segment targets 10% volume growth for the full year FY27 (Page 4, 14). Greenply Industries expects sustained double-digit volume growth: ~10% in plywood and 25-30% in MDF for FY27.
What is Greenply Industries Ltd share price analysis?
Greenply Industries Ltd currently shows a below-average growth signal. The stock trades at a P/E of 32.8 with a market cap of ₹3,666 Cr. Investors should review the full earnings analysis for detailed insights.
Is Greenply Industries Ltd planning capital expenditure?
For FY27, Greenply plans a total capex of approximately ₹500 crores: - Parent standalone (GIL): ~₹47 crores (including loss funding for SAMET) - GSPL: ~₹100 crores - GSPPL: ~₹300 crores - Hardware business capex: - Phase two capex expected by end of FY27/start of FY28 to enable full domestic manufacturing of currently imported furniture fittings.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.