Polycab India Reports Record First Quarter Revenue and Profit for FY27
Polycab India Limited has announced its financial results for the quarter ended June 30, 2026, marking a period of significant growth for the company. The firm achieved its highest-ever first-quarter revenue and profit performance, driven by strong momentum in its core business segments and robust domestic demand.The consolidated revenue for the quarter reached ₹ 82,097 Million, representing a year-on-year growth of 39%. This performance was supported by strong execution across both the Wires and Cables (W&C) business and the Fast-Moving Electrical Goods (FMEG) business.
Financial Highlights for Q1 FY27
| Metric | Amount | Year-on-Year Growth |
|---|---|---|
| Revenue | ₹ 82,097 Million | 39% |
| EBITDA | ₹ 11,362 Million | 32% |
| PAT | ₹ 7,967 Million | 33% |
The company reported a consolidated EBITDA of ₹ 11,362 Million with margins standing at 13.8%. Profit After Tax (PAT) was recorded at ₹ 7,967 Million, yielding a profit margin of 9.7%.
Segmental Performance
The Wires and Cables business grew by 39% year-on-year during the quarter. This growth was primarily led by a 43% increase in domestic revenues. Within this segment, the wires portion outperformed cables, and channel sales saw higher growth compared to institutional sales within the cables business. While the international business recorded a 13% year-on-year degrowth, the company maintains a diversified global footprint and a healthy order book. EBIT margin performance improved sequentially due to better product mix and operational efficiencies, which helped offset the impact of reduced contributions from international markets.The Fast-Moving Electrical Goods (FMEG) business delivered a notable performance with 71% year-on-year growth. This momentum was broad-based across all product categories, with solar products serving as a key growth driver by achieving more than double the growth of the previous year. Solar products currently hold the position of the largest category within the FMEG portfolio. The segment saw EBIT margins expand to 8.0% due to greater operating leverage and a premium product mix, aligning with corporate targets for the FMEG portfolio.
The Engineering Projects Construction (EPC) business revenues decreased by 11% year-on-year for the quarter, which was attributed to the timing of the project execution cycle. However, the segment maintains an EBIT margin of 11.0% and remains well-positioned with a healthy order book and strong execution pipeline.
Management Outlook
Inder T. Jaisinghani, Chairman and Managing Director of Polycab India Limited, stated that the company entered FY2027 with strong momentum. He highlighted that the Wires and Cables segment maintained a robust growth trajectory supported by domestic demand and effective operational execution. He noted that the FMEG business continues to strengthen profitability through its product portfolio and a shift toward premium products.The management expects sustained government infrastructure investments and improved on-ground project implementation to create significant growth opportunities. The company plans to leverage its strong financial position and ongoing investments in capacity enhancement, innovation, and distribution expansion to strengthen market leadership.
About Polycab India Limited
Polycab India Limited is a leading manufacturer of Wires and Cables in India and a fast growing FMEG company. The company reported a consolidated turnover of ₹ 285+ Bn in FY26. Its operations are supported by a wide distribution network of over 3,900 authorized dealers and more than 190,000 retail outlets. The company operates 26 manufacturing facilities, 15 offices, and 35 warehouses across India, while serving customers in 94 countries globally.POLYCAB Stock Price Movement
Polycab India Limited shares are slipping by 1.98% in live trading at 2:50 PM, currently trading at ₹9139.5. The stock is seeing active turnover with a volume of 409,858 shares as the price finds support in the lower bands of its intraday range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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