Polycab India Limited — Investor Meet, 08-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Polycab India reported robust Q4 FY26 results with consolidated revenue up 27% YoY and PAT reaching a record INR 790 Cr (up 7%). Full-year FY26 revenue crossed INR 28,500 Cr, PAT surpassed INR 2,700 Cr, and EBITDA grew 35% with 13.9% margins. The company holds a strong net cash position of INR 4,190 Cr.

Wires & Cables segment grew 30% in Q4 despite low single-digit volume growth due to Middle East disruptions and temporary construction halts. FMEG surged 47% YoY, driven by solar products (2x growth) and premium offerings. Domestic Wires & Cables market share increased to 30-31%. Management is confident in India's robust structural demand for the next 2-3 years, backed by government infrastructure spending. Exports, though impacted by Middle East issues, are a key growth driver, aiming for >10% contribution by FY30, supported by re-established US distribution. Project Spring targets are on track.