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Greenlam Industries - Market share gains in laminates to persist - ICICI Securities Posted On: 2020-12-15 22:36:13 (Time Zone: Arizona, USA) We expect Greenlam Industries (GRLM) laminate volumes to stage steady recovery post Q2FY21 led by market share gains in both domestic and international operations. Our optimism is based primarily on: a) weakening competition in the laminate segment (post Covid) in domestic and export markets and the recent launch of 0.7mm thickness laminates in the domestic space. While exports have largely achieved normalcy, the gradual liquidation of high inventories in the domestic real estate space resulting in increase in rate of occupation of premises, and pent-up demand in renovation, would aid gradual recovery in the domestic laminate space going forward. Maintain ADD. ....