Polycab India Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27) through a regulatory filing submitted to BSE Limited and National Stock Exchange of India Limited under SEBI Listing Regulations Regulation 30.

The company reported its highest-ever first quarter performance with:

  • Revenue: ₹82,097 million, representing 39% year-on-year growth
  • EBITDA: ₹11,362 million, representing 32% year-on-year growth
  • PAT: ₹7,967 million, representing 33% year-on-year growth
  • EBITDA margin: 13.8%
  • PAT margin: 9.7%

Business Segment Performance

Wires & Cables Business:

  • Grew 39% year-on-year
  • Domestic revenues increased 43% year-on-year, driven by healthy market demand and execution excellence under Project Spring
  • Wires segment outperformed cables segment
  • Channel sales registered higher growth than institutional sales within cables business
  • International business recorded 13% year-on-year degrowth
  • EBIT margin improved sequentially due to better product mix and operational efficiencies

FMEG Business:

  • Recorded 71% year-on-year growth
  • Growth remained broad-based across all product categories
  • Solar products were the key growth driver, achieving more than two-fold growth over previous year
  • Solar products retained position as largest category within FMEG portfolio
  • EBIT margins expanded to 8.0%, supported by greater operating leverage and premium product mix
  • Performance aligns with Project Spring objectives targeting EBITDA margins of 8-10% by FY30

EPC Business:

  • Revenues decreased 11% year-on-year due to timing of project execution cycle
  • EBIT margins stood at 11.0% for the quarter
  • Segment maintains robust order book and strong execution pipeline

Management Commentary

Mr. Inder T. Jaisinghani, Chairman and Managing Director, commented that the company entered FY2027 with strong momentum. He highlighted robust growth trajectory in Wires and Cables segment supported by healthy domestic demand, outstanding FMEG performance through strong product portfolio and operational efficiencies, international business as a key growth driver with strong order book, and EPC segment remaining on solid footing with healthy order backlog. He expects sustained government infrastructure investments and improving project implementation to create significant growth opportunities.