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Investor Presentation

Polycab India Investor Presentation: Key Takeaways

Polycab delivered record performance in Q2FY27 with 53% YoY revenue growth. FMEG segment achieved historic double-digit profitability while W&C maintained strong execution momentum.

Highlights
Revenue growth53% YoY growth driven by all segments.
MarginsEBITDA margin at 14.4%; FMEG EBIT margin reached record 10.1%.
Order bookCompany maintains a healthy order book supporting upcoming execution.
Demand visibilityHealthy demand across government and private sectors for W&C.
Management confidenceHigh, citing record performance and sustained progress in profitability.

Growth

Revenue grew 53% YoY to ₹98,989 Mn; PAT rose 43% YoY to ₹9,900 Mn.

Outlook

Management expects sustainable EPC margins in high single digits over the mid-to-long term. Healthy order book supports execution.

Risks

One-off gains in prior year EPC segment impacted YoY EBITDA comparison for that business unit.

Last quarter's promises, checked

Delivered

  • W&C margin guide 11-13% → delivered 14.4% (= BEAT)
  • FMEG EBIT target 8-10% by FY30 → delivered 10.1% in Q2FY27 (= BEAT)
  • EPC margin guide high single digits → delivered 11% (= BEAT)

Partly delivered

  • Working capital 45-50 days normalization → reached 15 days in Q1 with temporary aid (= PARTIAL)
Source

Investor Presentation filed with NSE, NSE: POLYCAB. Summary written with AI assistance from the document.

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Polycab India Ltd: key numbers

Share price
₹7,680.00
Market cap
₹1,15,743 Cr
Revenue (annual)
₹28,884 Cr
Net profit (annual)
₹2,672 Cr
P/E (TTM)
36.7×Sector 42.1×
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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