Earnings Presentation for the Audited Financial Results for the quarter and year ended 31 March 2026
POLYCAB · price
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Polycab India delivered strong FY26 results with consolidated revenue crossing ₹285 billion, up 29% YoY. Q4FY26 revenue grew 27% YoY to ₹88.6 billion. EBITDA for FY26 rose 35% YoY to ₹40 billion, while PAT grew 32% YoY to ₹27 billion, with margins expanding to 9.4% from 9.1% prior year. The company gained ~4% market share in the domestic organized W&C industry, reaching 30-31% share. International presence expanded to 94 countries. Project Spring is ahead of guidance: W&C EBITDA margins are now 11-13%, surpassing the 10-12% target, and FMEG growth is 1.5x-2x market growth. Net cash position improved to ₹41.9 billion. Dividend payout increased to 27.2%.
Polycab delivered robust growth across all metrics with margin expansion and ahead-of-guidance execution. Strong cash generation and market share gains signal continued competitive strength, likely positive for the stock.