Greenply Q2 FY27: Rev ₹724.9 Cr

Metric	Value
Revenue	₹724.9 Cr

📢 Key Event
Greenply Industries reported Q1 FY27 revenue of ₹724.9 crores, up 20.7% YoY, with core EBITDA at ₹78.3 crores and margin of 10.8%.

🔮 What's Next
80-82% plant utilization, new capacity operational next year, zero losses in hardware business by mid-2027, debt to peak at ₹730 crores by March 2027 and decline to 0.65x debt-equity by FY27 end

💡 Investor Takeaway
Shareholders should note margin expansion from operational efficiencies and pricing power, though MDF gross margins face pressure from timber costs.

Greenply Industries reported Q1 FY27 revenue of ₹724.9 crores, up 20.7% YoY, driven by double-digit volume growth in plywood (13.8%) and strong MDF performance with 32.8% YoY revenue growth. Core EBITDA reached ₹78.3 crores with a margin of 10.8%, reflecting 50 basis point YoY improvement. Plywood margins expanded to 8.4% (up 50 bps), while MDF margins held at 17% despite gross margin pressure from timber costs. Management highlighted 3-5% plywood and 7-9% MDF price hikes, targeting 80-82% plant utilization and new capacity additions in FY27. Sustainability initiatives like ContiRoll Tech rollout across four factories aim to boost margins from Q4 2026, with debt expected to peak at ₹730 crores before declining to 0.65x debt-equity ratio by FY27 end.

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About Greenply Industries Limited (GREENPLY)

Consumer Durables · Plywood Boards/Laminates · Listed on NSE

Market Cap: ₹3,624.66 Cr P/E: 36.6 ROE: 11.1% ROCE: 13.2% Div Yield: 0.17%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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