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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
₹8,408.50
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.