The performance of our engineered doors and Plywood businesses also remained encouraging with growth of 46.5% and 46.9% on a year-on-year basis respectively. While decorative veneer and engineered flooring remained subdued with de-growth during the quarter. However, we remain confident in their long-term potential.
Greenlam Industries Limited, announced its audited consolidated financial results for fourth quarter and year ended March 31, 2025. Overall laminate business grew 9.2% in value terms and 4.1% in volume terms on YoY basis. Gross margins for the quarter decrease by 50 bps and stood at 52.3% as compared to 52.8%in FY24. Operating profit decreased by 6.8% to Rs. 274.6 crores in FY25 as compared to Rs. 294.7 crores in FY24. The company recorded a net profit of Rs. 68.3 crores in FY25 as compared to Rs. 138 crores in FY24.
Speaking about the results Mr Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries Ltd. said, "We continue to make steady progress across our core businesses, with overall revenue witnessing a reasonable growth of 9.2% during the quarter. This is despite challenging operating environment. Our laminate segment performed well, led by momentum in international markets, reaffirming our strategic focus on global expansion. The performance of our engineered doors and Plywood businesses also remained encouraging with growth of 46.5% and 46.9% on a year-on-year basis respectively. While decorative veneer and engineered flooring remained subdued with de-growth during the quarter. However, we remain confident in their long-term potential.
Gross margin in absolute terms increased by 4.5% however, gross margin percentage declined by 230 basis points to 50.7%, due to lower production as compared to sales. The engineered doors segment delivered an operating profit during the quarter, with a positive outlook for sustained growth. The plywood division also reported improved operating performance, both on a year-on-year and sequential basis. Profit After Tax (PAT) for the quarter stood at 1.5 crores, primarily impacted by lower EBITDA, higher interest and depreciation expenses related to the chipboard business.
At Greenlam, we are dedicated to offering products that embody excellence in quality, design, and functionality. Our commitment lies in continuously delivering superior and innovative surfacing & substrate solutions that not only meet the evolving needs of our customers but also empower them to create inspiring, sustainable, and healthier living spaces.”
“We feel confident about achieving 18–20% growth in FY26,” said Mr Saurabh Mittal, MD & CEO, Greenlam Industries, in an interview with CNBC-TV18. “All our factories are up and running. The chipboard factory has started in Andhra Pradesh. The entire focus will now be on building sales and revenues.”
After incurring Rs 2,500 crore in capex in FY25, the company has no major new investment plans for FY26 beyond completing pending projects in Andhra Pradesh and Tamil Nadu.
[Published in Ply Reporter's June 2025 Print Issue]