Analysts/Institutional Investor Meet/Con. Call Updates

Date: July 20, 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: Submission of Transcript of Earnings Conference Call held on July 16, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of Earnings Conference Call held on July 16, 2026. Kindly take the same on your record. Thanking you Yours Faithfully For Polycab India Limited Manita Carmen A. Gonsalves Vice President Legal and Company Secretary Membership No.: A18321 Address: #29, Ruby, 21st Floor, Senapati Bapat Marg, Tulsi Pipe Road, Dadar West, Mumbai – 400028 Corporate Office: Registered Office: Polycab India Limited Unit 4, Plot No 105, Halol Vadodara Road, CIN: L31300GJ1996PLC114183 Village Nurpura, Taluka Halol, #29, The Ruby, 21st Floor, Senapati Bapat Marg, Panchamahal, Gujarat 389 350 Tulsi Pipe Road, Dadar (West), Mumbai 400 028 Tel: 2676- 227600 / 227700 Tel: +91 22 6735 1400 Email: shares@polycab.com Web: www.polycab.com Q1 FY27 July 16, 2026 MANAGEMENT: MRNIYANT MARU CHIEF FINANCIAL OFFICER POLYCAB INDIA LIMITED MR.SHASHANK YAGNICK HEAD,STRATEGY AND INVESTOR RELATIONS POLYCAB INDIALIMITED Page 1 of 18 Polycab India Limited July 16, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Polycab India Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Niyant Maru, Chief Financial Officer, Polycab India Limited. Thank you, and over to you, Mr. Maru. Niyant Maru: Good afternoon, everyone, and thank you for joining us. I hope all of you are staying healthy and safe. On this call, we shall discuss the Q1 FY27 results, which were approved in the Board meeting earlier today. We will be referring to the earnings presentation, financial results and financial statements, which are available on the stock exchanges as well as on the Investor Relations page of our website. Joining me today from the management team, we have our Head of Strategy and Investor Relations, Mr. Shashank Yagnick. I am pleased to share that building on the momentum of last year, the company delivered another quarter of strong performance, underpinned by healthy revenue growth and profitability. Our performance reflects not only favourable demand conditions, but also the deliberate investments and strategic choices made over the past several years. The Wires & Cables business maintained steady momentum, leveraging its market leadership and execution capabilities, while the FMEG business continued its trajectory of steady improvement, supported by a richer product portfolio and a wider customer reach. The progress we are seeing today is a direct outcome of our commitment to building a more agile, scalable and future-ready organization. We remain focused on operational excellence, disciplined capital allocation and enhancing customer value across every touch point. Looking ahead, we see significant opportunities across our markets. Our priority will be to accelerate profitable growth, strengthen our brands, deepen the distribution and build the innovation and talent ecosystem needed to support the next phase of expansion. The global macroeconomic landscape continues to be shaped by ongoing geopolitical developments. Disruptions across energy markets and global trade routes, particularly around the Strait of Hormuz contributed to inflationary pressures during the first half of 2026. While oil prices have moderated from the peaks which we witnessed in April, they continue to remain volatile. Given the fluid nature of the geopolitical environment, uncertainty around the energy crisis, supply chains and global trade flows may persist in the near term. The IMF's latest outlook projects global growth approximately at 3% for 2026, supported by resilient economic activity and technology-driven investment cycle, while global inflation forecasts have been revised higher. The renewed energy shock has pushed every major central bank on to a firmer footing. The Fed held rates at 3.5% to 3.75% in June, but turned notably Page 2 of 18 Polycab India Limited July 16, 2026 more hawkish, expecting rates to rise later this year. A similar stance was seen by the Bank of England, which held the rates at 3.75% to gauge the impact of the U.S.-Iran war. The RBI held its repo rate at 5.25%, taking a neutral stance, but flagged accrued driven inflation and rupee volatility as the key swing factors for its next move. Against the global backdrop, India remains one of the strongest performing major economies globally. While the external environment has become more challenging, India continues to benefit from robust domestic demand, public investment, healthy credit expansion and increasing private sector capital expenditure. Economic activity has remained resilient despite global volatility, reinforcing India's position as one of the fastest-growing economies in the world. Government-led infrastructure spending, a broadening manufacturing base and sustained momentum in services continue to remain key growth drivers. While services and consumption are driving growth, the government capex is progressing well in the first 2 months of FY27 at INR 2.51 lakh crores versus INR 2.21 lakh crores in April, May of last year, reflecting a healthy 14% growth. At the same time, the real estate sector and formalization trends across the economy remains supportive of medium-term growth prospects. On the investment flows front, although foreign portfolio flows were impacted by geopolitical tensions and global risk aversion, strong domestic institutional participation helped sustain market liquidity. Overall, while the global environment remains uncertain, India's structural growth story remains firmly intact. A resilient domestic economy, strengthening investment cycle, a stable financial system and a continued policy focus on infrastructure and manufacturing provide a very solid foundation for sustained growth. We remain confident in the medium-term outlook for the Indian economy and the robust demand environment it continues to create for our business. Across the organization, our focus remains on execution excellence translating strategy into outcomes and strengthening the foundation for long-term growth. Looking ahead, our priorities remain very clear, sustaining growth momentum, strengthening our competitive positioning and continuing to invest in innovation, talent and capabilities. I would now hand over to Shashank to take you through the financial performance for the quarter. Shashank Yagnick: Thank you, Niyant. For the quarter ended June 30, 2026, we delivered another strong set of results, underscoring the resilience of our business model and the effectiveness of our execution strategy. Consolidated revenues grew by 39% year-on-year, supported by sustained momentum across both our wires and cables and FMEG businesses. Operating performance remained robust during the quarter. EBITDA increased by 32% year- on-year and the margins stood at 13.8%, reflecting an improvement of approximately 70 basis points sequentially over the previous quarter. At the bottom line, we achieved our highest ever quarterly Profit After Tax of INR 7,967 million, representing a growth of 33% year-on-year. Page 3 of 18 Polycab India Limited July 16, 2026 PAT margins for the quarter came in at 9.7%. Finance costs for the [Showing first 8,000 characters — download PDF for full document]