Polycab Quarterly Results Q1 FY27

Polycab recorded year-on-year growth in revenue, profit, wires and cables, and FMEG during Q1 FY27, the quarter ended 30 June 2026.

• Revenue increased 39.01% YoY to ₹8,209.73 crore.
• PAT rose about 33% YoY to ₹796.65 crore.
• EBITDA increased about 32% YoY to around ₹1,140 crore.
• Operating margin was about 14%.
• Wires and cables revenue increased about 38% YoY to around ₹7,200 crore.
• Domestic wires and cables revenue grew 42.8% YoY.
• FMEG revenue increased about 68% YoY to around ₹760 crore.
• Solar revenue more than doubled YoY.

Polycab India Ltd. recorded higher revenue and profit in Q1 FY27 compared with the same quarter a year earlier.

Consolidated revenue increased 39.01% YoY to ₹8,209.73 crore from ₹5,905.98 crore in Q1 FY26. PAT increased about 33% to ₹796.65 crore from ₹599.70 crore.

The wires and cables business remained Polycab's main revenue contributor. The FMEG business also recorded strong year-on-year growth during the quarter.

Polycab's consolidated revenue increased 39.01% YoY to ₹8,209.73 crore in Q1 FY27. PAT increased about 33% YoY to ₹796.65 crore.

Compared with Q4 FY26, revenue declined about 7.4% from ₹8,864.48 crore. PAT increased about 1.4% to ₹785.60 crore.

For example, YoY compares Q1 FY27 with Q1 FY26. QoQ compares Q1 FY27 with the immediately previous quarter, Q4 FY26.

Polycab's EBITDA increased about 32% YoY to around ₹1,140 crore in Q1 FY27. The operating margin stood at about 14%, compared with about 14.7% a year earlier.

This means the operating margin declined by around 70 basis points YoY.

For example, 100 basis points equal 1 percentage point. Therefore, a decline of 70 basis points means the margin fell by 0.7 percentage points.

The wires and cables segment recorded an EBIT margin of 13.3%. This was 1.4 percentage points lower than the corresponding quarter a year earlier.

Polycab's wires and cables business recorded revenue of around ₹7,200 crore in Q1 FY27, up about 38% YoY.

Key figures included:

• Wires and cables revenue: Around ₹7,200 crore, up about 38% YoY.
• Domestic wires and cables revenue: Up 42.8% YoY.
• International business: Down about 13% YoY.

• Segment EBIT margin: 13.3%.

  
  

Wires grew faster than cables during the quarter. Channel sales also grew faster than institutional sales.

Volume growth remained in the low-to-mid single digits compared with the higher base in Q1 FY26.

Polycab's fast-moving electrical goods (FMEG) business recorded revenue of around ₹760 crore in Q1 FY27, up about 68% YoY.

How did FMEG perform?

FMEG recorded broad-based growth across its main product categories during the quarter.

Revenue increased about 68% YoY to around ₹760 crore. The segment's improved performance also supported Polycab's overall Q1 FY27 growth.

How did solar perform?

Solar remained a major growth driver within Polycab's FMEG business.

Solar revenue more than doubled YoY during Q1 FY27. This made solar one of the key contributors to FMEG growth during the quarter.

Polycab's Q1 FY27 results showed strong year-on-year growth across its main businesses. Consolidated revenue increased 39.01% YoY to ₹8,209.73 crore, while PAT rose about 33% to ₹796.65 crore. The wires and cables segment remained the biggest contributor, with revenue growing about 38% YoY. FMEG revenue increased about 68%, supported by broad-based product growth, while solar revenue more than doubled. Overall, the quarter reflected higher sales, stronger profit, and continued growth across key segments. 

The figures and information in this article are based on publicly available data as of 11 September 2026. Market-related information, such as share prices, may change over time.