Polycab India shares fall 4% despite strong Q1 earnings, profit jumps 33% YoY

Polycab India reported strong Q1 FY27 results with consolidated revenue up 39% year-on-year to Rs 8,210 crore and net profit jumping 33% to Rs 797 crore, driven by robust growth in the Wires and Cables and FMEG segments. EBITDA rose 32% to Rs 1,136 crore with margins at 13.8%, while FMEG revenue surged 71% year-on-year. Despite the strong earnings beat, shares fell 4 percent, likely on profit booking after the stock's 25% rally over the past six months; the company also declared a final dividend of Rs 47 per share.