Polycab India Ltd
Polycab India Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The industry growth is expected to be around 16-20%, with Polycab growing significantly faster (60% growth this quarter), indicating strong market share gains. Industry growth estimated around 16% annually; Polycab grew ~60% in recent quarter, indicating strong market share gains.
From Polycab India Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The industry growth is expected to be around 16-20%, with Polycab growing significantly faster (60% growth this quarter), indicating strong market share gains.
- Domestic cables and wires volume growth stood at around 40% YoY, with both categories growing similarly in volume.
- FMEG segment, especially solar business, expected to maintain strong momentum and grow rapidly, with profitability improving towards 8-10% EBITDA by FY30.
- Positive outlook on demand due to government schemes, capex momentum, and real estate recovery, including affordable housing.
- Planned continued ramp-up of price hikes to pass through commodity inflation gradually.
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Profitability & Margins
See what Polycab India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capital expenditure (capex) for Q3 FY26 was ₹3.4 billion, totaling ₹10.9 billion for the first 9 months of the fiscal year.
- This spending aligns with Polycab India's Project Spring guidance, which plans annual investments of ₹12 billion to ₹16 billion through FY30.
- The company continues to focus on capacity expansion and strengthening its production capabilities to meet anticipated demand in Q4 FY26 and beyond.
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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
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Order Book & Pipeline
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Polycab India Ltd — 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 →
- Q1 FY27 earnings call analysis →
- Q4 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 Ltd Q3 FY26 results?
The industry growth is expected to be around 16-20%, with Polycab growing significantly faster (60% growth this quarter), indicating strong market share gains. Industry growth estimated around 16% annually; Polycab grew ~60% in recent quarter, indicating strong market share gains.
What is Polycab India Ltd share price analysis?
Polycab India Ltd currently shows a neutral. The stock trades at a P/E of 48.6 with a market cap of ₹139,225 Cr. Investors should review the full earnings analysis for detailed insights.
Is Polycab India Ltd planning capital expenditure?
Capital expenditure (capex) for Q3 FY26 was ₹3.4 billion, totaling ₹10.9 billion for the first 9 months of the fiscal year.
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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.