Polycab Result Insights
Polycab India Ltd’s Q4FY25 revealed a 25% YoY revenue growth to ₹6,985.8 crore, driven by a 22.1% rise in Wires & Cables (W&C) and a 33% surge in FMEG.
The W&C segment, 84% of revenue, saw cables outperform wires, while FMEG achieved EBIT positivity.
EPC grew 47% YoY with 9.4% EBIT margins.
Operating margins rose 110 bps to 14.7%, despite international business dips due to order rollovers.
Project SPRING targets 1.5x industry growth, backed by ₹6,000–8,000 crore capex.
However, Ultratech and Adani’s entry raises overcapacity concerns.
At 37x FY27 earnings, the stock’s high valuation limits upside amid competitive pressures.
Read More at Moneycontrol
