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Earnings Call

Polycab India Earnings Call: Key Takeaways

Polycab delivered FY26 total revenue of ₹288,838 Mn, maintaining its #1 position in Wires & Cables with ~31% organized market share. The strategy focuses on B2C expansion via FMEG and project 'Spring' for future transformation.

Why this was an Alfa AlertNot a filter event. Financials for FY26 are presented as results, but no specific prior guidance comparison was provided to confirm a 5%+ beat.
Highlights
Revenue growthFY26 Total Revenue at ₹288,838 Mn; 7-year CAGR 20%.
MarginsEBITDA 7-year CAGR at 23%; focused on higher-margin B2C segments.
Demand visibilityStrong domestic demand from infra, real estate, and data centers.
Management confidenceHigh; initiated 'Project Spring' transformation after achieving 'Project Leap' early.

Growth

7-year CAGR: Revenue 20%, EBITDA 23%, PAT 27%. FMEG growing at 25% CAGR over 10 years.

Outlook

Projecting W&C industry growth at 1.5-2x GDP; targeting FY30 ESG goals and international business scale-up.

Risks

Commodity price volatility, intense competition in unorganized markets (~26%), and dependence on real estate upcycles.

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
₹8,114.00
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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