BSECompany Update6d ago · 15 Oct 2026, 01:13 pm
Press Release for the Unaudited (Standalone and Consolidated) Financial Results of the Company
Polycab India Ltd · 542652
✦ AI Summary▲ PositiveResults
Polycab India Ltd has announced its Q2 FY27 results, with revenue, EBITDA, and PAT growing 46%, 36%, and 38% YoY respectively. The company's Wires & Cables business delivered a strong performance, while the FMEG segment saw a breakthrough quarter with revenues more than doubling YoY.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Polycab India Ltd - 542652 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: October 15, 2026
To To
Department of Corporate Services Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, C-1, G-Block, Bandra-Kurla Complex
Dalal Street, Mumbai, MH - 400001 Bandra (E), Mumbai, MH - 400051
Scrip Code: 542652 Scrip Symbol: POLYCAB
ISIN: INE455K01017
Dear Sir(s) / Madam(s),
Subject: Press Release on the Unaudited (Standalone and Consolidated) Financial Results of the
Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
With reference to the captioned subject, please find enclosed herewith the press release on the Unaudited
(Standalone and Consolidated) Financial Results of the Company for the quarter & half year ended
September 30, 2026.
Kindly take the same on your record.
Thanking you
Yours Faithfully
For Polycab India Limited
Manita Carmen A. Gonsalves
Vice President-Legal & Company Secretary
Membership No.: A18321
Address: #29, The Ruby, 21st Floor, Senapati Bapat Marg
Tulsi Pipe Road, Dadar (West), Mumbai, MH-400028
Encl: as above
Corporate Office:
Registered Office: Polycab India Limited
Unit 4, Plot No 105, Halol Vadodara Road CIN: L31300GJ1996PLC114183
Village Nurpura, Taluka Halol, Panchmahal, #29, The Ruby, 21st Floor, Senapati Bapat Marg,
Panch Mahals, Gujarat 389 350 Tulsi Pipe Road, Dadar (West), Mumbai 400 028
Tel: +91 2676- 227600 / 227700 Tel: +91 22 2432 7070 - 74
Email: shares@polycab.com Web: www.polycab.com
Highest Ever Second Quarter & Half Year
Revenue, EBITDA & Profitability
Results for the second quarter ended September 30, 2026
▪ H1 FY27 Revenue at ₹ 1,81,086 Mn; up 46% YoY
▪ H1 FY27 EBITDA at ₹ 25,587 Mn; up 36% YoY
▪ H1 FY27 PAT at ₹ 17,867 Mn; up 38% YoY
▪ Q2 FY27 Revenue at ₹ 98,989 Mn; up 53% YoY
▪ Q2 FY27 EBITDA at ₹ 14,225 Mn; up 39% YoY
▪ Q2 FY27 PAT at ₹ 9,900 Mn; up 43% YoY
Mumbai, October 15, 2026: Polycab India Limited (BSE: 542652, NSE: POLYCAB) today announced its results for the
quarter ended September 30, 2026.
Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India
Limited, said: “Q2 FY27 marked another quarter of strong execution and meaningful progress for Polycab. We
delivered our highest-ever second quarter and half-yearly revenue and profitability, reflecting the strength of our
market position, the robust performance of our Wires & Cables business, and the continued strengthening of our
FMEG business. The domestic demand environment continues to be encouraging, supported by healthy
infrastructure spending, increasing electrification opportunities, and improving private sector investment activity. Our
international business maintained its growth momentum, despite an uncertain geopolitical environment. As we
advance our Project Spring initiatives, we remain committed to accelerating growth, driving premiumization,
deepening market penetration, and consistently delivering superior value to customers, partners, and shareholders.”
Key Highlights (Q2 FY27)
• The Company’s consolidated revenues delivered a strong 53% YoY growth to stand at ₹ 98,989 Mn. The strong
growth was driven by robust execution across both Wires & Cables (W&C) business and Fast-Moving Electrical
Goods (FMEG) business.
Registered Office: Corporate Office:
Unit – 4, Plot no. 105 Polycab India Limited
Halol Vadodara road Village: Nurpura 21st Floor, 29, The Ruby, Senapati Bapat Marg,
Taluka: Halol, Panchmahal, Gujarat 389 350 Dadar (West), Mumbai 400 028
CIN No L31300GJ1996PLC114183
Tel: +91 22 67351400 Email: info@polycab.com Web: www.polycab.com
▪ The Wires & Cables business delivered a strong performance during the quarter, registering 47% year-
on-year growth, driven by a robust 50% increase in domestic revenues. Growth was supported by
healthy demand across key end-user segments, aided by sustained infrastructure activity and strong
execution on the ground under Project Spring initiatives. Within the W&C business, the wires segment
continued to outperform the cables segment, while channel sales grew faster than institutional sales.
The international business recorded a healthy 17% YoY growth despite a challenging global
macroeconomic environment. Our diversified geographic presence, expanding customer base, and
strong order book position the business well for continued growth. EBIT margins improved
sequentially, supported by operational efficiencies and a favourable business mix.
▪ The FMEG segment delivered another breakthrough quarter, with revenues increasing more than
doubling year-on-year (+124%) on the back of strong demand across all key product categories. Solar
continued to lead the growth story, reporting multifold expansion and retaining its position as the
largest contributor to segment revenues. The quarter also marked a defining moment in the
business's profitability journey, as EBIT margins surpassed the double digit threshold for the first time
ever, reaching an all-time high of 10.1%. This achievement underscores the effectiveness of our scale-
driven growth strategy, enhanced portfolio mix, and sustained focus on operational excellence,
positioning the segment for continued value creation.
▪ The EPC business demonstrated strong momentum, delivering 53% year-on-year revenue growth
during the quarter. Segment profitability remained healthy, with EBIT margins of 7.2%. Backed by a
healthy order book, the business is well-positioned to sustain growth.
• EBITDA grew by a strong 39% YoY and 25% QoQ, driven by sequential margin expansion across segments.
Consolidated EBITDA margins improved by ~53 bps sequentially to 14.4%.
• PAT registered a strong growth of 43% YoY, with PAT margins standing at 10.0%
Key Highlights (H1 FY27)
• The Company achieved a significant milestone, with half-year revenues surpassing ₹180 billion for the first
time. Revenue grew by 46% YoY to ₹1,81,086 Mn from ₹1,23,832 Mn in H1 FY26.
▪ W&C business revenues grew 44% YoY to ₹1,54,557 Mn from ₹1,07,641 Mn in H1 FY26, driven by strong
momentum across both channel and institutional businesses. The International business contributed
4.2% of consolidated revenue.
▪ FMEG business grew 97% YoY to ₹17,543 Mn in H1 FY27 from ₹8,897 Mn in H1 FY26
Registered Office: Corporate Office:
Unit – 4, Plot no. 105 Polycab India Limited
Halol Vadodara road Village: Nurpura 21st Floor, 29, The Ruby, Senapati Bapat Marg,
Taluka: Halol, Panchmahal, Gujarat 389 350 Dadar (West), Mumbai 400 028
CIN No L31300GJ1996PLC114183
Tel: +91 22 67351400 Email: info@polycab.com Web: www.polycab.com
▪ The EPC business registered a 23% YoY growth, with EBIT margins at 8.5%
• EBITDA grew 36% YoY to ₹ 25,587 Mn in H1 FY27 from ₹ 18,784 Mn in H1 FY26. EBITDA margins stood at 14.1%.
• PAT increased by 38% YoY to ₹ 17,867 Mn from ₹ 12,927 Mn in H1 FY26, registering the company's highest-ever
half-yearly PAT. PAT margin stood at 9.9%
• As of 30th September 2026, net cash position stood at ₹ 45.2 Bn, against ₹ 29.4 Bn as of same period
previous year
Registered Office: Corporate Office:
Unit – 4, Plot no. 105 Polycab India Limited
Halol Vadodara road Village: Nurpura 21st Floor, 29, The Ruby, Senapati Bapat Marg,
Taluka: Halol, Panchmahal, Gujarat 389 350 Dadar (West), Mumbai 400 028
CIN No L31300GJ1996PLC114183
Tel: +91 22 67351400 Email: info@polycab.com Web: www.polycab.com
About Polycab
Polycab India Limited (PIL) is India’s largest manufacturer of Wires and Cables and one of the fastest growing FMEG
companies with a consolidated turnover of ₹ 285+ Bn in FY26. PIL is at the forefront of providing innovative, safe and
energy efficient products to a diverse set of customers via a strong distribution network of 3,900+ authorized dealers
and 190,000+ retail outlets. PIL’s business operations span across India through 26 manufacturing facilities, 15 offices
and 35 warehouses. PIL has also served customers in 94 countries globally. PIL’s 4,500+ employees are dedicated to
upholding robust governance practices, preserving a cus
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