Greenlam Industries Ltd's latest financial results for Q2 FY26 indicate a complex operational landscape characterized by both recovery and underlying challenges. The company reported net sales of ₹808.26 crores, reflecting a sequential growth of 19.96% from the previous quarter, driven by improved demand in the laminates segment. Year-on-year revenue growth stood at 18.72%, showcasing robust top-line momentum.
However, the net profit for the quarter was ₹32.33 crores, marking a year-on-year decline of 6.61% compared to ₹34.62 crores in the same period last year. This divergence between revenue growth and profit compression highlights ongoing margin pressures and cost inefficiencies. The operating margin improved to 12.92%, a significant recovery from 6.54% in Q1 FY26, yet it remains below the 13.38% achieved in March 2024, indicating volatility in profitability.
The company's average return on equity (ROE...
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