Greenply Industries Limited, one of India’s leading manufacturers of plywood, MDF and allied interior products, has reported a strong financial performance for the quarter ended June 30, 2026, with consolidated revenue rising 20.7% year-on-year to ₹724.9 crore. The company’s performance was supported by healthy momentum in its core plywood business and robust growth in the MDF segment.
The plywood and allied products business recorded revenue of ₹526.6 crore during Q1 FY27, registering a 16% year-on-year increase. Realisation stood at ₹265 per square metre. Core EBITDA rose to ₹44.5 crore, with the core EBITDA margin improving to 8.4% from 7.9% in the corresponding quarter of the previous year, reflecting a 50-basis-point expansion. Net profit for the segment stood at ₹26.6 crore.
Greenply’s MDF business delivered particularly strong growth during the quarter, with revenue increasing 32.8% year-on-year to ₹195.7 crore. Realisation stood at ₹33,525 per cubic metre, while core EBITDA, excluding forex loss, was ₹33.9 crore. The segment reported a core EBITDA margin of 17.3% and net profit of ₹16.8 crore.At the consolidated level, Greenply reported core EBITDA of ₹78.3 crore, translating into a margin of 10.8%, while consolidated net profit stood at ₹37.6 crore.
Commenting on the quarterly performance, Sanidhya Mittal, Joint Managing Director, Greenply Industries Limited, said, “Greenply remains firmly on track to achieve its full-year guidance, supported by robust 20.7% year-on-year growth in consolidated revenue. Our plywood business continues to demonstrate healthy volume momentum, while the MDF segment delivered an exceptional 32.8% increase in revenue. We believe sustainable growth must go hand in hand with environmental responsibility. Through our permanent ‘One Sheet, One Tree’ initiative, we are embedding ecological responsibility into our supply chain by planting one tree for every plywood sheet supplied across India.”
The company also highlighted the progress of its Greenply Samet joint venture, which recorded total revenue of ₹13.61 crore during the quarter, representing a doubling of revenue compared with the corresponding period last year. Greenply’s share of the joint venture’s profit after tax loss stood at ₹5.7 crore.
Greenply Industries, together with its subsidiaries, associates and joint venture, operates five modern manufacturing facilities and offers plywood, MDF, blockboards, decorative veneers, flush doors and furniture hardware solutions. Its products reach customers across more than 1,100 cities, towns and villages in 27 states and six Union Territories through a distribution network comprising over 3,000 dealers and authorised stockists, more than 6,000 retail outlets and over 60 physical and virtual branches across India.
