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Earnings Call

Polycab India Earnings Call: Key Takeaways

Polycab delivered its highest-ever Q4 and FY26 results with consolidated revenue crossing ₹285 Bn. Growth was driven by robust execution in Wires & Cables and FMEG segments under Project Spring.

Why this was an Alfa AlertNot a filter event. Financials were largely in line with management's 'Project Spring' strategic guidance ranges.
Highlights
Revenue growth29% YoY growth for FY26.
MarginsEBITDA margins 13.9% (FY26); guided range 12-14%.
Order bookHealthy order book supporting upcoming EPC execution.
Demand visibilityStrong domestic demand; Cables outperformed Wires.

Growth

FY26 Revenue up 29% YoY to ₹288,838 Mn; PAT grew 32% YoY to ₹27,084 Mn.

Outlook

FY30 guidance targets ~1.5x-2x market growth in FMEG and 11-13% W&C EBITDA margins; FY26 Capex was ₹14.8 Bn.

Risks

Margins impacted by unfavorable mix, lower exports, higher institutional sales, and operating deleverage.

Source

Earnings Call filed with NSE, NSE: POLYCAB. Summary written with AI assistance from the document.

Read the document ↗

Polycab India Ltd: key numbers

Share price
₹8,408.50
Market cap
₹1,26,713 Cr
Revenue (annual)
₹28,884 Cr
Net profit (annual)
₹2,672 Cr
P/E (TTM)
44.2×Sector 45.9×
Promoter holding
61.46%-0.04% QoQ
FII holding
19.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Employee Stock Options

Polycab India Employee Stock Options

Polycab India Limited has allotted 4,885 equity shares to eligible employees upon the exercise of options under its Employee Stock Option Scheme 2018.