Polycab

Q2FY27 results today: Jio Financial, Wipro, Nestle India, HDFC AMC, HDFC Life, and Indian Bank, and 43 other firms will announce their earnings for the second quarter of financial year 2026-27

Revenue from operations rose 39% to ₹8,209.73 crore, while wires and cables revenue grew 37.7% and FMEG revenue increased 67.6%

At current price, company is trading at a steep 47 times its FY27 earnings

Polycab shares are in focus after strong Q4FY26 results. MOFSL and ICICI Securities have raised their share price targets, citing strong demand outlook, market share gains, and robust capex plans

Polycab India share price today: On the bourses, Polycab share price rose up to 3.56 per cent to an intraday high of ₹7,385 per share.

Nuvama highlighted that Polycab posted revenue, Ebitda, and APAT growth of 18%, 62%, and 51% Y-o-Y in Q2, respectively, noting that the base in Q2FY25 was low due to volatile copper prices.

Polycab has established itself as a clear leader in the domestic organised C&W market with ~26-27 per cent share, up from ~18-19 per cent in FY20.

Shares of Polycab India fell 1.96% to close at ₹7,385 apiece on the National Stock Exchange (NSE)

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Looking ahead, the management sees strong tailwinds from infrastructure spending, improving private sector investment, and momentum in the real estate sector.

Becomes leader in consumer electrical goods space, riding C&W growth and margin gains

Polycab's Q1 FY26 revenue and profit grew 26% and 50% YoY, driven by strong performance in its C&W and FMEG segments. However, the stock's rich valuation factors in its near-term prospects

Polycab India stock was trading 2 per cent higher at ₹7,024 after the company reported a strong set of earnings for the quarter ended June 2025

Sales in the fourth quarter (Q4) of FY25 were led by the domestic cable-and-wire (C&W) segment, which posted a 27 per cent volume growth year-on-year (Y-o-Y)

The board of directors of the company proposed a final dividend of ₹35 per equity share

The uptick in the wires company share price came after it executed an agreement with BSNL worth about Rs 3,003 crore

While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth

The deal's tenure includes 3 years for construction and 10 years for maintenance contracts at 5.5 per cent per annum of capex for the first 5 years and 6.5 per cent per annum for the next 5 years

Margin constraints could trip up earnings performance

Revenue from operations rose 30.4% to Rs 5,498 crore, beating analysts' estimate of Rs 4,956 crore