 "Sustained growth In fast moving electronics, higher B2C mix to aid Polycab")
After reporting better-than-expected results in the third quarter, analysts have increased their earnings estimates for Polycab India. They cite sustained growth in the fast-moving electrical goods (FMEG) segment, higher business-to-consumer (B2C) mix, and market share gains as key reasons for the upgrade.
Revenue in the third quarter (Q3) grew nearly 12 per cent year-on-year (YoY) to Rs 2,799 crore, driven by 6 per cent and 41 per cent growth in wires & cables and FMEG sales, respectively. Operating margins remained steady, while net profit rose 19 per cent, aided by cost-control measures and higher other income.
Polycab has witnessed good traction
