Business Standard

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

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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