Polycab India Limited Posts Record FY26 Results; Revenue Exceeds ₹285 Billion

Polycab India Limited Posts Record FY26 Results; Revenue Exceeds ₹285 Billion​

Polycab India Limited announced its audited financial results for the fourth quarter and year ended March 31, 2026. The company reported a landmark fiscal year, achieving its highest-ever annual revenue and profitability figures, driven by strong execution and increased domestic market share.

The company noted that its consolidated revenues surpassed ₹285 billion for the first time, reaching ₹2,88,838 Mn, marking a 29% Year-over-Year (YoY) increase from ₹2,24,083 Mn in FY25. Profitability also saw significant growth, with Profit After Tax (PAT) rising 32% YoY to ₹27,084 Mn.

In the fourth quarter alone, consolidated revenue grew 27% YoY, standing at ₹88,645 Mn. EBITDA increased 13% YoY to ₹11,613 Mn, while PAT grew 7% YoY to ₹7,856 Mn.

Financial Performance Summary (FY26 vs. FY25)​

The financial figures highlight the company's robust performance across key metrics:

Quarterly Performance Snapshot (Q4 FY26)​

The strong growth continued into Q4 FY26:

Operational Highlights and Segment Performance​

Mr. Inder T. Jaisinghani, Chairman and Managing Director of Polycab India Limited, stated that FY26 was a defining year for the company, marked by strong execution and the successful capture of domestic market share, which increased by approximately 3-4% during the year.

The company attributed its growth to the success of Project Spring, which structurally strengthened its competitive position, enabling it to outperform the broader industry.

Segment-wise, key takeaways included:

• Wires & Cables (W&C) Segment: This segment delivered strong 30% YoY growth for the quarter, driven by robust domestic performance. The overall W&C business recorded 33% YoY growth in revenues, reaching ₹2,51,789 Mn from ₹1,88,881 Mn in FY25. The international business for W&C increased robustly by 18% YoY, contributing 4.4% to consolidated revenues in Q4.
• FMEG Segment: The Fast-Moving Electrical Goods (FMEG) business reported a strong Q4 performance with 47% YoY growth. The overall FMEG revenues grew 25% YoY, reaching ₹20,693 Mn from ₹16,535 Mn in FY25. Solar products were highlighted as a standout performer within FMEG, delivering nearly double the growth YoY.
• EPC Business: Revenues from the EPC business saw a 15% YoY decrease for the quarter, impacted by the timing of the project execution cycle.

The company also noted that net cash position stood at ₹41.9 Bn as of March 31, 2026, significantly up from ₹24.6 Bn in the previous year. Furthermore, the Board of Directors proposed a dividend of ₹47 per share for FY26.

Polycab India Limited, described as India's largest manufacturer of Wires and Cables, continues to leverage its enhanced market presence, solid balance sheet, and ongoing investments in capacity expansion and innovation to drive industry-leading growth.

POLYCAB Stock Price Movement​

Shares of Polycab India Limited are edging higher to ₹8424 as of 3:13 PM today, rallying by 1.04% in live trading. The stock is demonstrating robust buyer interest, with a total volume of 985,858 shares traded.