GREENPLY INDUSTRIES LTD

Greenply Industries Limited held its Q1 FY27 earnings conference call on July 24, 2026, where management reported a double-digit volume growth in both the plywood and MDF segments. The company achieved a consolidated revenue of INR 724.9 crores, reflecting a 20.7% year-on-year increase. The plywood segment saw a volume growth of 13.8% and revenue of INR 526.6 crores, while the MDF segment reported a revenue of INR 195.7 crores with a volume growth of 32.8%. Management highlighted the launch of the 'One Sheet, One Tree' sustainability campaign and noted that input costs began to moderate after a period of elevated prices due to geopolitical tensions. The company maintained a prudent financial position with a net debt of INR 533 crores and a debt-equity ratio of 0.57x. Management expressed confidence in achieving a volume growth goal of 10% in plywood and 25% to 30% in MDF for the full year.

Management emphasized strong growth and sustainability initiatives.