Mumbai, May 6: Polycab India Limited, India’s leading wires and cables manufacturer and a fast-growing FMEG company, today announced its financial results for the fourth quarter and full year ended March 31, 2026, reporting its highest-ever revenue and profitability.
For FY26, the company crossed a significant milestone with consolidated revenues exceeding ₹285 billion, while profit after tax (PAT) reached ₹27 billion—marking a landmark year of growth and operational excellence.
Commenting on the performance, Inder T. Jaisinghani, Chairman and Managing Director, said:
“FY26 has been a defining year for our company, driven by strong execution and increased domestic market share of approximately 3–4%. This growth reflects the success of Project Spring, which has structurally strengthened our competitive position. We closed the year on a high note with robust Q4 performance, delivering 27% year-on-year growth in consolidated revenue and achieving our highest-ever quarterly PAT. Backed by a strong balance sheet and continued investments, we remain confident of sustaining industry-leading growth.”
Key Highlights – Q4 FY26
- Consolidated revenue grew 27% YoY
- EBITDA increased 13% YoY, with margins at 13.1%
- PAT rose 7% YoY, with margins at 8.9%
Segment Performance:
- Wires & Cables (W&C):
- Revenue growth of 30% YoY
- Strong domestic demand and ~3–4% market share gain
- International business grew 18% YoY, contributing 4.4% to revenues
- FMEG Business:
- Delivered 47% YoY growth
- Solar products emerged as the fastest-growing category
- EPC Business:
- Revenue declined 15% YoY due to project execution timing
- EBIT margin stood at 7.6%
Key Highlights – FY26
- Revenue grew 29% YoY
- EBITDA increased 35% YoY (margin: 13.9%)
- PAT rose 32% YoY (margin: 9.4%)
Business Segments:
- Wires & Cables:
- Revenue up 33% YoY
- International business contributed 5.4%
- FMEG:
- Revenue increased 25% YoY
- EPC:
- Revenue declined 13% YoY
Financial Strength & Shareholder Returns
- Net cash position strengthened year-on-year
- Dividend declared for FY26
- Dividend payout ratio increased in line with long-term strategic goals
This strong performance underscores Polycab India Limited’s continued leadership in the Indian electrical industry, backed by robust demand, execution excellence, and strategic investments under Project Spring.
