Polycab India Posts Record Q1 FY27 Revenue and Profit; PAT Rises 33%
Mumbai, July 16, 2026: Polycab India Limited, India’s largest manufacturer of wires and cables, reported its highest-ever first-quarter financial performance, with consolidated revenue rising 39% year-on-year to ₹8,209.7 crore for the quarter ended June 30, 2026. The company also posted a 33% increase in Profit After Tax (PAT), reflecting robust demand across its core businesses.
The strong performance was driven by sustained momentum in the Wires & Cables (W&C) business and exceptional growth in the Fast-Moving Electrical Goods (FMEG) segment.
Wires & Cables Continue Strong Growth
The Wires & Cables business recorded 39% year-on-year growth, led by a 43% increase in domestic revenues. The company attributed the performance to healthy market demand and improved execution under its Project Spring transformation programme.
Within the segment, the wires business outperformed cables, while channel sales registered stronger growth than institutional sales. Although the international business declined 13% year-on-year, Polycab said its diversified global presence and healthy order book provide confidence for future growth.
The company also reported sequential improvement in EBIT margins, supported by a better product mix and operational efficiencies.
FMEG Business Registers Outstanding Quarter
Polycab’s FMEG business delivered an impressive 71% year-on-year revenue growth, with broad-based demand across product categories.
The solar products portfolio remained the largest contributor, recording more than double the revenue compared to the same period last year.
The segment’s EBIT margin expanded to 8%, driven by operating leverage, premium product offerings and continued efficiency improvements. The performance aligns with the company’s long-term objective under Project Spring of achieving 8–10% EBITDA margins by FY2030.
EPC Business Remains Well Positioned
Revenue from the Engineering, Procurement and Construction (EPC) business declined 11% year-on-year, primarily due to the timing of project execution. However, the segment maintained an EBIT margin of 11% and continues to be supported by a healthy order backlog and a strong project execution pipeline.
Profitability Remains Strong
For the quarter, EBITDA increased 32% year-on-year, with the consolidated EBITDA margin standing at 13.8%.
Profit After Tax (PAT) grew 33% year-on-year, while PAT margin remained healthy at 9.7%, underscoring the company’s operational strength and disciplined cost management.
Management Commentary
Commenting on the results, Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said the company entered FY2027 with strong momentum, achieving its highest-ever first-quarter revenue and profit.
He said the Wires & Cables business continued its robust growth trajectory, supported by healthy domestic demand and execution excellence, while the FMEG business strengthened profitability through premiumisation, operational efficiencies and an expanding product portfolio.
Jaisinghani added that the company’s international business remains an important long-term growth driver, backed by a strong order book, while the EPC business continues to benefit from a healthy project pipeline.
He also expressed confidence that sustained government infrastructure spending, ongoing investments in manufacturing capacity, product innovation and distribution expansion will help Polycab strengthen its market leadership and deliver sustainable long-term growth.