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News Topical, Digital Desk : The management of Greenlam Industries, a New Delhi-based substrate and surface solutions provider, is confident that the company will achieve its revenue growth targets for the year. In an exclusive interview with CNBC TV18, Saurabh Mittal, MD and CEO, spoke about his expectations and plans. He said that the company is entering the second half of FY26 with strength. He said that the company is getting support from broad-based growth in its laminate, plywood and recently expanded panel business.
What the CEO Said:
The CEO stated that he expects the company to achieve its 18–20% revenue growth target for FY26 due to stable demand and the commissioning of new capacities. With exports accounting for approximately 45% of total revenue and increasing demand for wood-based products in the domestic market, Mittal also expects balanced growth across geographies. The company also sees further improvement in the working capital cycle as it continues to expand and streamline its operations.
How did the company and stock perform? In the second quarter of FY26, the company reported revenue of ₹808 crore, with profits above ₹32 crore. Margins were at 12.9%. The stock, which is part of the BSE Smallcap Index, fell nearly 2% on Friday to close at ₹263. The stock was close to these levels a year ago. At the beginning of the year, it was at ₹325. The stock's lowest level of the year was 187, which was recorded in April.
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