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Greenply Industries Ltd

Q4 FY26Consumer Durables

Greenply Industries Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management said on revenue, margins and capex.

Price₹294
Market cap₹3.7K Cr
P/E32.8
Updated23 Aug 2026
Read5 min read

The short version

MDF segment is expected to achieve 25% to 30% volume growth, capitalizing on rising demand. - Plywood segment targets 10% volume growth backed by a strong brand presence. - Pre-lamination and plain plywood segments are projected to grow proportionately; prelaminated and HDHMR products constitute over 50% of sales and are expected to increase quarter-on-quarter. - The recently operational PVC/WPC plant has a potential peak revenue of INR 75-80 crores, contributing to future growth. - New MDF and plywood facilities under construction aim to support increased production capacity, enhancing sales volumes. - Focus on OEM customers is expected to grow, reflecting changing consumer preferences toward organized, readymade furniture. Greenply aims to sustain EBITDA margins in MDF at around 17%, confident despite raw material cost increases.

From Greenply Industries Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • MDF segment is expected to achieve 25% to 30% volume growth, capitalizing on rising demand.
  • Plywood segment targets 10% volume growth backed by a strong brand presence.
  • Pre-lamination and plain plywood segments are projected to grow proportionately; prelaminated and HDHMR products constitute over 50% of sales and are expected to increase quarter-on-quarter.
  • The recently operational PVC/WPC plant has a potential peak revenue of INR 75-80 crores, contributing to future growth.
  • New MDF and plywood facilities under construction aim to support increased production capacity, enhancing sales volumes.

2 more points from Greenply Industries Ltd's call on revenue

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Profitability & Margins

See what Greenply Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Greenply is undertaking a major capex of INR425 crores focused on MDF capacity, with about INR300 crores to be spent in FY '27 and the balance in FY '28.
  • Plywood segment has ongoing improvement projects involving new technology implementation in 4 plants, with costs around INR45-50 crores.
  • A new plywood facility in Odisha is under construction with an estimated cost of INR130 crores, expected to commission in FY '27.
  • Commercial production of PVC and WPC plant started from April '26, with installed capacity of 6 million kgs for doors and 3 million kgs for door frames.

2 more points from Greenply Industries Ltd's call on capex

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Top-ranked in Consumer Durables

Ranked on what management guided this quarter

Guidance-ranked
1Nanta Tech
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Greenply Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

From the context, we can infer the following points related to demand and capacity: - The company has ongoing capacity expansions, including a new MDF facility under construction and a new PVC/WPC plant already operational, indicating strong order prospects. - Sanidhya Mittal mentions that for their brand, particularly in MDF, they foresee no sales complaints for the first two to three production lines, implying a healthy order flow. - The company is targeting significant volume growth (25%-30% in MDF, 10% growth in plywood).

2 more points from Greenply Industries Ltd's call on order book

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Greenply Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27

Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹725 Cr, net profit ₹38 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Greenply Industries Ltd Q4 FY26 results?

MDF segment is expected to achieve 25% to 30% volume growth, capitalizing on rising demand. - Plywood segment targets 10% volume growth backed by a strong brand presence. - Pre-lamination and plain plywood segments are projected to grow proportionately; prelaminated and HDHMR products constitute over 50% of sales and are expected to increase quarter-on-quarter. - The recently operational PVC/WPC plant has a potential peak revenue of INR 75-80 crores, contributing to future growth. - New MDF and plywood facilities under construction aim to support increased production capacity, enhancing sales volumes. - Focus on OEM customers is expected to grow, reflecting changing consumer preferences toward organized, readymade furniture. Greenply aims to sustain EBITDA margins in MDF at around 17%, confident despite raw material cost increases.

What is Greenply Industries Ltd share price analysis?

Greenply Industries Ltd currently shows a neutral. The stock trades at a P/E of 32.8 with a market cap of ₹3,663 Cr. Investors should review the full earnings analysis for detailed insights.

Is Greenply Industries Ltd planning capital expenditure?

Greenply is undertaking a major capex of INR425 crores focused on MDF capacity, with about INR300 crores to be spent in FY '27 and the balance in FY '28.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.