Polycab India

Polycab delivered a record Q4 with consolidated revenue growing 27% YoYCurrent reported value: 27% YoY. No comparable prior figure is available in the source record. to ₹285 billion for FY26, driven by 30% growthCurrent 30% growth. Reported change: +300-400bps YoY. in wires & cables and 47% growthCurrent 47% growth. Reported change: +47% YoY. in FMEG. EBITDA margins expanded to 13.9%Current reported value: 13.9%. No comparable prior figure is available in the source record. for the full year, while PAT hit a record ₹7.9 billionCurrent reported value: ₹7.9 billion. No comparable prior figure is available in the source record. in Q4. Market share in domestic organized wires & cables rose to 30-31%Current 30-31%. Reported change: +300-400bps YoY., up 300-400 bps YoY. Management reiterated Project Spring targets: 1.5-2x industry growth in cables, FMEG margins of 8-10% by FY30, and capex of ₹60-80 billion over 5 years. Key risk: Middle East escalation and crude above $100/bbl could pressure input costs and trade sentiment.