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Earnings Call

Polycab India Earnings Call: Key Takeaways

Polycab achieved highest-ever revenue and profitability in FY26. Consolidated revenue grew 29% YoY to ₹289Bn, driven by W&C and accelerating FMEG momentum.

Why this was an Alfa AlertNot a filter event. Financials were broadly in line with management's internal 'Project Spring' guidance.
Highlights
Revenue growth29% YoY for FY26; ₹288.8Bn achieved.
MarginsFY26 PAT margin 9.4%. W&C margins within 12-14% guided range.
Order bookHealthy order book maintained in EPC segment.
Demand visibilityStrong execution under Project Spring; domestic W&C market share gained.

Growth

Q4FY26 revenue grew 27% YoY; PAT grew 7% YoY. FY26 PAT rose 32% YoY to ₹27.1Bn.

Outlook

FY26 capex at ₹14.8Bn. Project Spring targets EBITDA margins of 11-13% for W&C and 8-10% for FMEG by FY30.

Risks

Unfavorable product mix and lower export contributions impacted quarterly margins. Industry headwinds noted in domestic W&C.

Source

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

Read the document ↗

Polycab India Ltd: key numbers

Share price
₹8,114.00
Market cap
₹1,22,286 Cr
Revenue (annual)
₹28,884 Cr
Net profit (annual)
₹2,672 Cr
P/E (TTM)
38.8×Sector 44.3×
Promoter holding
61.44%-0.02% QoQ
FII holding
18.06%Current quarter

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

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