• Growth guidance: Greenply has guided for double-digit volume growth in plywood and 20% to 30% growth in MDF for the full year, with MDF growth currently limited by capacity until a new facility opens mid-next financial year.
• Raw material pricing: Domestic timber prices are expected to remain stable to slightly declining, supported by local farmland sourcing and over 90 million saplings planted, with no price cuts planned.
• Capex allocation: The company plans a capital expenditure of over ₹500 crore, which includes maintenance capex alongside new facilities currently under construction in Odisha (plywood) and Vadodara (MDF).
• Hardware JV roadmap: The Greenply Samet joint venture aims to localize the remaining five imported product categories over the next 1 to 1.5 years, with the business projected to break even by the middle of next financial year.
• Income tax search: Management stated that no documents or cash were seized during the recent Income Tax department search, confirming no financial liability on the company.