Polycab India Limited — Investor Meet, 14-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Polycab crossed ₹2,200 Cr revenue in FY25, up 24% YoY, becoming the largest electrical player by revenue with PAT above ₹200 Cr for the third year. Q4 revenue rose 25% YoY with EBITDA margin at 14.7%, boosted by a profitable FMEG turnaround and strong EPC execution. Domestic Wires & Cables grew 27%, driven by cables with 15.1% EBIT margin. FMEG grew 33%, profitable after 10 quarters, led by premium fans, lighting, and solar. EPC grew 47% with a ₹700 Cr order book including BharatNet and RDSS projects. Exports are 6% of revenue, targeted to reach 10% by FY30 amid global trade shifts. Management is confident on margin improvement, market share gains, and growth fueled by innovation, digital, and ESG efforts.