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Sustained growth In fast moving electronics, higher B2C mix to aid Polycab

Despite the correction on Monday, analysts are positive on the stock given multiple triggers

Sustained growth In fast moving electronics, higher B2C mix to aid Polycab
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Polycab has had good traction in the FMEG space since it entered the business in 2014.

Yash Upadhyaya Mumbai
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

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First Published: Jan 26 2021 | 6:27 PM IST

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