{"id":178630,"date":"2026-01-30T13:01:41","date_gmt":"2026-01-30T18:01:41","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178630"},"modified":"2026-01-30T13:01:41","modified_gmt":"2026-01-30T18:01:41","slug":"greenlam-industries-q3-revenue-jumps-17-posts-marginal-net-loss-on-higher-costs","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/greenlam-industries-q3-revenue-jumps-17-posts-marginal-net-loss-on-higher-costs\/","title":{"rendered":"Greenlam Industries Q3 Revenue Jumps 17%, Posts Marginal Net Loss on Higher Costs"},"content":{"rendered":"\n<p>Greenlam Industries Limited (NSE: GREENLAM; BSE: 538979), one of the world\u2019s top three laminate manufacturers, reported a 17.3% year-on-year increase in consolidated net revenue for the third quarter ended December 31, 2025, reaching \u20b9706.3 crore. Despite the top-line growth, the company slipped into a marginal net loss of \u20b90.6 crore for the quarter, compared to a profit of \u20b912.5 crore in the same period last year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Mixed Financial Results<\/strong><\/h2>\n\n\n\n<p>The company&#8217;s performance for the first nine months of FY26 showed a similar trend of rising revenue and compressed profits. Net revenues for 9MFY26 stood at \u20b92,188.4 crore, a 15.9% increase over the previous year. However, net profit for the nine-month period plummeted 76.8% to \u20b915.5 crore, down from \u20b966.9 crore in 9MFY25.<\/p>\n\n\n\n<p>Management attributed the quarterly net loss to several factors, including higher operating costs, foreign exchange fluctuations, and increased interest and depreciation expenses related to the chipboard business that commenced operations last year. Additionally, the quarter was impacted by an exceptional item of \u20b96.2 crore due to a one-time provision for gratuity and leave payments following changes in the wage code.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Greenlam-1024x683.jpg\" alt=\"\" class=\"wp-image-178634\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Greenlam-1024x683.jpg 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Greenlam-300x200.jpg 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Greenlam-768x512.jpg 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Greenlam.jpg 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Segment Performance and Margins<\/strong><\/h2>\n\n\n\n<p>The core laminate business grew 8.1% in value terms during Q3, while the plywood and allied products segment, which includes engineered floors and doors, recorded a 9.5% YoY growth. The chipboard business, which began commercial production in early 2025, showed sequential growth of 11.4%.<\/p>\n\n\n\n<p>Gross margins for the quarter expanded by 60 basis points to 55.6%, driven by pricing discipline and stable raw material costs. However, EBITDA margins (before forex fluctuations) contracted to 9.2% from 10.9% a year ago, primarily due to the rise in operating expenses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strategic Transformation and Brand Realignment<\/strong><\/h2>\n\n\n\n<p>During the quarter, Greenlam underwent a major brand architecture streamlining to focus on its two flagship brands: Greenlam and Mikasa. A significant milestone included rebranding &#8220;NewMika&#8221; to &#8220;Mikasa Laminates,&#8221; bringing the company\u2019s entire surfacing and substrate portfolio Plywood, Veneers, Floors, and Doors under a unified &#8220;MIKASA&#8221; identity. We believe this consolidation will significantly enhance customer experience and strengthen brand recall.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Operational Highlights<\/strong><\/h2>\n\n\n\n<p>\u2022 <strong>Exports:<\/strong> Greenlam was recognized as India\u2019s Largest Exporter of Laminates at the Plexconcil Export Awards 2025 for the 16th consecutive year.<\/p>\n\n\n\n<p>\u2022 <strong>Working Capital:<\/strong> Efficiency improved during the quarter, with working capital days reduced by 9 days to 58 days.<\/p>\n\n\n\n<p>\u2022 <strong>Debt Position:<\/strong> As of December 31, 2025, the company&#8217;s net debt stood at \u20b91,010.1 crore.<\/p>\n\n\n\n<p>\u2022 <strong>Innovation:<\/strong> The company launched a new High Moisture Resistant (HMR) category in chipboards, targeting interior furniture for humid environments.<\/p>\n\n\n\n<p>Greenlam operates five manufacturing facilities in India and maintains a global presence in over 120 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenlam Industries Limited (NSE: GREENLAM; BSE: 538979), one of the world\u2019s top three laminate manufacturers, reported a 17.3% year-on-year increase in consolidated net revenue for the third quarter ended December 31, 2025, reaching \u20b9706.3 crore. Despite the top-line growth, the company slipped into a marginal net loss of \u20b90.6 crore for the quarter, compared to [&hellip;]<\/p>\n","protected":false},"author":2381,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,6351,392],"tags":[8818,9504,8969],"class_list":["post-178630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-consumer-stocks","category-earnings","tag-consumer-cyclical","tag-fixtures-appliances","tag-furnishings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":170389,"url":"https:\/\/alphastreet.com\/india\/greenlam-industries-q1-fy26-earnings-results\/","url_meta":{"origin":178630,"position":0},"title":"Greenlam Industries Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 20, 2025","format":false,"excerpt":"Greenlam Industries Limited is engaged in the manufacturing of laminates, decorative veneers, and allied products. Presenting below are its Q1 FY26 Earnings Results Q1 FY26 Earnings Results Revenue: \u20b9674 crore, up 11.4% year-on-year (YoY) from \u20b9605 crore in Q1 FY25. Total Expenses: \u20b9691 crore, up 18.93% YoY from \u20b9581 crore.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"GREENLAM Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/GREEN.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/GREEN.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/GREEN.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/GREEN.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/GREEN.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/GREEN.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172255,"url":"https:\/\/alphastreet.com\/india\/greenlam-industries-q2-fy26-earnings-results\/","url_meta":{"origin":178630,"position":1},"title":"Greenlam Industries\u00a0Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"November 10, 2025","format":false,"excerpt":"Greenlam Industries Limited, a leading manufacturer of laminates, decorative veneers, and allied products, reported mixed financial results for Q2FY26. Financial Highlights: Revenues increased 18.65% year-on-year to \u20b9808 crore from \u20b9681 crore. Total expenses rose 19.0% to \u20b9764 crore from \u20b9642 crore. Consolidated net profit declined 5.88% to \u20b932 crore from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/G-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/G-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/G-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/G-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/G-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/G-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155862,"url":"https:\/\/alphastreet.com\/india\/greenlam-industries-ltd-q2fy24-34-rise-in-profits\/","url_meta":{"origin":178630,"position":2},"title":"Greenlam Industries Ltd Q2FY24; 34% rise in Profits","author":"Hardik Bhandare","date":"November 7, 2023","format":false,"excerpt":"Greenlam Industries is engaged in the business of manufacturing laminates, decorative veneers and allied products. Financial Results: Greenlam Industries Ltd reported Revenues for Q2FY24 of \u20b9604.00 Crores up from \u20b9518.00 Crore year on year, a rise of 16.6%. Total Expenses for Q2FY24 of \u20b9556.00 Crores up from \u20b9485.00 Crores year\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-83.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-83.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-83.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-83.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-83.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-83.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":162610,"url":"https:\/\/alphastreet.com\/india\/greenlam-industries-ltd-q4fy24-11-fall-in-profits\/","url_meta":{"origin":178630,"position":3},"title":"Greenlam Industries Ltd Q4FY24; 11% fall in Profits","author":"Divyansh_Kasana","date":"June 28, 2024","format":false,"excerpt":"Greenlam Industries is engaged in the business of manufacturing laminates, decorative veneers and allied products. Financial Results: Greenlam Industries Ltd reported Revenues for Q4FY24 of \u20b9624.00 Crores up from \u20b9534.00 Crore year on year, a rise of 16.85%. Total Expenses for Q4FY24 of \u20b9580.00 Crores up from \u20b9483.00 Crores year\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-245.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-245.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-245.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-245.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-245.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-245.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":159264,"url":"https:\/\/alphastreet.com\/india\/greenlam-industries-ltd-q3fy24-14-fall-in-profits\/","url_meta":{"origin":178630,"position":4},"title":"Greenlam Industries Ltd Q3FY24; 14% fall in Profits","author":"Divyansh_Kasana","date":"February 27, 2024","format":false,"excerpt":"Greenlam Industries is engaged in the business of manufacturing laminates, decorative veneers and allied products. Financial Results: Greenlam Industries Ltd reported Revenues for Q3FY24 of \u20b9563.00 Crores up from \u20b9504.00 Crore year on year, a rise of 11.71%. Total Expenses for Q3FY24 of \u20b9530.00 Crores up from \u20b9471.00 Crores year\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-231.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-231.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-231.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-231.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-231.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-231.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":150227,"url":"https:\/\/alphastreet.com\/india\/greenlam-industries-ltd-q1-fy24-28-rise-in-profits\/","url_meta":{"origin":178630,"position":5},"title":"Greenlam Industries Ltd Q1 FY24; 28% rise in Profits","author":"Hardik Bhandare","date":"July 27, 2023","format":false,"excerpt":"Greenlam Industries is engaged in the business of manufacturing laminates, decorative veneers and allied products. Financial Results: Greenlam Industries Ltd reported Revenues for Q1FY23 of \u20b9515.00 Crores up from \u20b9471.00 Crore year on year, a rise of 9.34%. Total Expenses for Q1FY23 of \u20b9475.00 Crores up from \u20b9440.00 Crores year\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-317.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-317.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-317.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-317.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-317.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-317.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2381"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178630"}],"version-history":[{"count":4,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178630\/revisions"}],"predecessor-version":[{"id":178635,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178630\/revisions\/178635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}