Raw material cost volatility
Chemical prices surged over 50% due to geopolitical issues, impacting MDF costs. While stabilized, further increases could pressure margins.
GREENPLY / Q4-FY26 / risks
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Greenply Industries · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Income tax investigation
A search operation was conducted by income tax authorities; no demand has been raised yet, but uncertainty remains.
Furniture JV losses
The furniture and fittings JV reported a PAT loss of ₹13 crore in Q4, with break-even expected only by mid-FY28.
Receivable days increase
Receivable days rose from 47 to 54 due to growing OEM business, which may pressure working capital if not managed.