Greenply Industries Limited — Q1FY27 earnings call summary

Filed 27 July 2026 · Official transcript

FY27 volume growth guidance: plywood 10%, MDF 25-30%; MDF EBITDA margin sustainable at 16-17%, may rise 1% with new capacity
Q1 FY27 consolidated revenue 724.9 Cr +20.7% y-y; core EBITDA 78.3 Cr; margin 10.8% +50 bps y-y
Plywood volume +13.8% y-y; revenue 526.6 Cr +16%; EBITDA margin 8.4% +50 bps y-y
MDF revenue 195.7 Cr +32.8% y-y; volume 58,000 CBM +24.7%; EBITDA margin 17.3%
Net debt 533 Cr; debt-equity 0.57x; peak debt expected ~730 Cr by Mar 2027, then deleveraging
New plywood ContiRoll Tech to improve quality and margins; rollout across plants in H1 FY27
MDF growth pan-India; plywood utilization target 98-100%, MDF 80-82% in FY27
Price hikes: MDF 7-9%, plywood 3-5%; timber prices stable; chemical costs volatile, possible future hikes