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Healthy near-term growth outlook for Polycab India after record Q3 profit

Weak margin trajectory of the FMEG segment and valuations could limit upside

Polycab, Polycab India
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Polycab India

Ram Prasad Sahu
Led by growth in the wires and cables segment, Polycab India posted a better-than-expected performance in the December quarter. Revenues of the country’s second-largest listed consumer electrical maker by market capitalisation were up 10 per cent over the year-ago quarter to Rs 3,715 crore and was broadly in line with street expectations.

The gains were driven by 18-20 per cent volume uptick in the wires and cables segment amid a high base and falling prices of commodities. The segment reported an 11 per cent growth with volumes offsetting the price corrections. The wires and cables segment is the largest business

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First Published: Jan 25 2023 | 12:24 PM IST

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