Polycab Quarterly Results Q1 FY26

Polycab Q1 FY26 Results: Strong Growth in Revenue and Profitability

Polycab India Ltd., one of the leading player in the wires and cables industry, has delivered an impressive performance in Q1 FY26, showcasing robust growth across key financial metrics. The company’s ability to capitalise on domestic and international demand, coupled with operational efficiency, has driven record-breaking results for the quarter.

Investors and stakeholders are keenly watching Polycab’s performance, as it sets the tone for the rest of the financial year. This article delves into Polycab’s Q1 FY26 results, providing a detailed breakdown of revenue, profit trends, and segmental performance, while adhering to factual accuracy and user-friendly formatting.

Polycab Q1 FY26 results overview

Polycab India Ltd. reported exceptional financial performance in Q1 FY26, driven by strong growth in its wires and cables segment, as well as continued momentum in its fast-moving electrical goods (FMEG) and solar segments. Key highlights include:

Revenue: Rs. 5,906 crore, a 26% year-on-year (YoY) growth.

Net Profit: Rs. 600 crore, reflecting a 49% YoY increase.

EBITDA Margin: Improved to 14.5%, indicating enhanced operational efficiency.

The company’s strategic focus on domestic and international markets, combined with cost management initiatives, played a pivotal role in achieving these results.

Polycab’s revenue and net profit trends in Q1 FY26 highlight its robust financial health. The company achieved a YoY revenue growth of 26%, reaching Rs. 5,906 crore, while net profit surged by 49% to Rs. 600 crore.

The table below provides a comparative analysis of Polycab’s revenue and net profit performance on a quarterly and yearly basis:

Polycab’s ability to maintain double-digit growth in both revenue and profit underscores its strong market position and effective execution of business strategies.

The company’s EBITDA for Q1 FY26 stood at Rs. 858 crore, reflecting a significant improvement in its EBITDA margin to 14.5% compared to the previous year. This growth was driven by:

Cost Management: Enhanced operational efficiency and optimised production costs.

Pricing Power: Strategic pricing strategies in response to market demand.

Segmental Contribution: Strong performance across key business segments.

Polycab’s focus on efficiency improvements has not only bolstered profitability but also positioned the company to sustain growth in a competitive market.

The wires and cables segment, which remains Polycab’s largest revenue contributor, recorded a stellar performance in Q1 FY26. Key highlights include:

Revenue Growth: Approximately 31% YoY increase.

Domestic Market Growth: 32% YoY growth, driven by infrastructure and real estate demand.

International Market Growth: 24% YoY growth, reflecting strong export performance.

Segment Margin Improvement: Margins improved to 14.7%, showcasing enhanced profitability.

The table below summarises the segment’s performance:

Polycab’s wires and cables segment continues to benefit from strong domestic demand and increasing global market penetration.

Polycab’s diversification into the FMEG and solar segments has started to yield substantial results, contributing to its overall growth.

FMEG Segment Performance

Revenue Growth: 18% YoY increase.

Profitability: Achieved profitability for the second consecutive quarter.

The FMEG segment’s growth is attributed to an expanding product portfolio and increasing demand for electrical goods in urban and rural markets.

Solar Segment Performance

Revenue Growth: Over 2x YoY growth, driven by rising adoption of solar solutions.

The solar segment’s performance highlights Polycab’s efforts to align with India’s renewable energy goals and tap into emerging opportunities in the solar energy market.

Polycab India Ltd.’s Q1 FY26 results reflect its strong financial health and ability to capitalise on market opportunities. With a 26% YoY revenue growth, a 49% surge in net profit, and improved EBITDA margins, the company has set a solid foundation for the rest of the financial year.

The wires and cables segment remains the cornerstone of Polycab’s success, while the FMEG and solar segments continue to show promising growth. These results underscore Polycab’s strategic focus on operational efficiency, market expansion, and innovation.