GREENPANEL INDUSTRIES LTD

During the Q1 FY27 earnings conference call held on August 11, 2026, management reported that the company faced increased volatility in costs due to geopolitical developments, leading to a 15% price hike in MDF products. Despite challenges, retail MDF revenues grew by approximately 20% year-on-year. OEM sales, however, declined by 14%, and exports were zero due to market conditions. Total MDF revenues increased by 8% year-on-year, with operating EBITDA margins improving to 10.3%. Management noted that while chemical costs have stabilized, they remain higher than pre-war levels, complicating pricing strategies. The company aims to enhance domestic volumes and regain market share, particularly in the OEM segment, while exploring alternative export markets. Management refrained from providing specific guidance on margins or capacity utilization due to ongoing uncertainties in the market.

The tone reflected both challenges and growth opportunities in the business.