Polycab India
Polycab India Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
The short version
Polycab aims to grow at 1.5x to 2x the market growth rate consistently until FY30. Polycab expects continued strong growth, with wires & cables business targeting 1.5x market growth until FY30. - FMEG segment aims to achieve EBITDA margins of 8%-10% by FY30, with current trajectory very positive (71% YoY growth in Q1 FY27). - Export revenue anticipated to exceed 10% of total topline by 2030, driven by expansion into 94 countries and increased traction in U.S.
From Polycab India's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Polycab aims to grow at 1.5x to 2x the market growth rate consistently until FY30.
- Volume growth target: double digits CAGR over the next several years; full-year FY26 volume growth was 18%.
- Expects export revenue to exceed 10% of overall topline by 2030, with export growth anticipated to outpace domestic.
- Anticipates strong demand drivers from power (transmission & distribution), manufacturing, and private sectors.
- Growing opportunities from mobility (railways, airports, highways), data centers, defense, and EV charging infrastructure.
- FMEG business targets 8% to 10% EBITDA margins by FY30 with ongoing premium product mix expansion.
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Profitability & Margins
See what Polycab India said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capital expenditure during Q1 FY27 was INR 3.2 billion, reflecting commitment to capacity building and future growth.
- Robust capacity addition plans seen among transformer companies like CG Power, ABB, Siemens, and Hitachi, targeting Transmission & Distribution (T&D) growth.
- Polycab is investing in expanding its distribution reach, product innovation, and brand building to drive sustainable value creation.
- Strategic investments are also being made in growth platforms such as Wires & Cables, FMEG business, data centres, defence, EV charging infrastructure, and exports.
2 more points from Polycab India's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Polycab India said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Polycab India Limited currently has a very healthy export order book, including markets like the U.S., Europe, and Latin America, which is expected to contribute significantly in coming quarters.
- Middle East exports saw some impact earlier, but momentum is returning with about 20-24% business from Oman, Saudi Arabia, and UAE in Q1.
- The company's setup for U.S. exports is largely complete with market representatives appointed, leading to a healthy order book and inquiry pipeline.
- The company expects a sizable pickup in U.S. exports and overall exports in the coming quarters of FY27.
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Polycab India — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹8.9K Cr, net profit ₹786 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Polycab India Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q2 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Frequently Asked Questions
What were Polycab India Q1 FY27 results?
Polycab aims to grow at 1.5x to 2x the market growth rate consistently until FY30. Polycab expects continued strong growth, with wires & cables business targeting 1.5x market growth until FY30. - FMEG segment aims to achieve EBITDA margins of 8%-10% by FY30, with current trajectory very positive (71% YoY growth in Q1 FY27). - Export revenue anticipated to exceed 10% of total topline by 2030, driven by expansion into 94 countries and increased traction in U.S.
What is Polycab India share price analysis?
Polycab India currently shows a below-average growth signal. The stock trades at a P/E of 47.2 with a market cap of ₹135,097 Cr. Investors should review the full earnings analysis for detailed insights.
Is Polycab India planning capital expenditure?
Capital expenditure during Q1 FY27 was INR 3.2 billion, reflecting commitment to capacity building and future growth.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.