Polycab Reports Record FY26 Revenue And Profit Growth

11 May 2026 CW Team

Polycab India Limited (PIL) reported record annual and quarterly results for the year and fourth quarter ended 31 March 2026, with consolidated revenue rising 29 per cent to Rs 288.838 bn. Management attributed the performance to Project Spring and stronger execution across its wires and cables and fast-moving electrical goods businesses. PIL said domestic demand supported a robust close to the year.

FY26 EBITDA rose 35 per cent to Rs 40.057 bn and PAT increased 32 per cent to Rs 27.084 bn, with EBITDA margin at 13.9 per cent and PAT margin at 9.4 per cent. Net cash stood at Rs 41.9 bn versus Rs 24.6 bn a year earlier. The board proposed a dividend of Rs 47 per share, equal to 470 per cent of face value, raising the payout ratio to 27.2 per cent.

In the fourth quarter consolidated revenue rose 27 per cent to Rs 88.645 bn, with quarterly EBITDA of Rs 11.613 bn and PAT of Rs 7.856 bn. Wires and cables delivered about 30 per cent growth while the international business grew 18 per cent and contributed 4.4 per cent of revenue. The FMEG segment recorded 47 per cent growth in the quarter and solar products nearly doubled.

For the full year wires and cables revenue grew 33 per cent to Rs 251.789 bn and FMEG revenue rose 25 per cent to Rs 20.693 bn, while the EPC business declined 13 per cent with EBIT margins near 9.9 per cent. Management said margin changes reflected mix shifts and investments under Project Spring, and that group EBITDA remained within guided ranges.

PIL operates through over 3,900 authorised dealers and more than 190,000 retail outlets, with 26 manufacturing facilities and a presence in 94 countries. The company highlighted governance, customer focus and sustainability as priorities for future expansion.

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