US tariff impact on laminate exports
US tariffs are currently applicable on laminates; management has partially passed on costs but margins remain under pressure.
GREENLAM / Q3-FY26 / risks
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Greenlam Industries · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Slow ramp-up in plywood and chipboard
Plywood utilization remains at ~35% and chipboard at 41%, well below expectations, leading to continued losses.
Demand slowdown in domestic market
Management noted slower domestic demand and cash flow challenges among partners, though not quantified.