Greenlam Industries Q2 Results: What Went Wrong And When Can The Business Recover? | Business News
ET Now · 06 Nov 2026 · 4 min
Management interview of Greenlam Industries Ltd (GREENLAM), with 3 key numbers discussed.
- Ashok Sharma, CFO, Greenlam Industries
Greenlam Industries faced margin pressure in Q2FY27 as its core laminate business remained flat across domestic and international markets. The volume decline was primarily due to export headwinds, including container shortages, higher freight rates, and longer transit times. However, plywood losses narrowed and the chipboard business sustained positive EBITDA margins, targeting 60-65% capacity utilisation. Management views these headwinds as temporary, expecting a recovery in Q3 and Q4 to achieve 16-18% full-year growth in FY27.