Polycab India Limited — Q1FY27 earnings call summary

Filed 20 July 2026 · Official transcript

Management confident on 1.5x industry volume growth for FY27; data centre and T&D demand seen as growth drivers
Consolidated revenues grew 39% y-y in Q1 FY27; EBITDA up 32%, margin 13.8%
Export growth expected to pick up with expanded global footprint and distribution
Wires & Cables grew 39% y-y; domestic wires up 43%, volume low to mid-single digit
Export impacted by Middle East geopolitical issues; US and Europe order book strong
Working capital cycle improved to 15 days; capex INR 3.2 bn in Q1
PAT reached INR 7,967 mn, +33% y-y; PAT margin 9.7%
FMEG segment grew 71% y-y; solar business doubled; EBIT margin 8%