Strong domestic demand likely to help Polycab maintain growth trajectory

India’s largest cable and wire manufacturer Polycab India ended financial year 2024-25 (FY25) on a high, delivering another strong quarter of double-digit growth and market share gains. This coupled with margin expansion, operating breakeven for its fast-moving electrical goods (FMEG) business, and steady exports outlook for FY26 is expected to support the stock, which is up 18 per cent over the past month. The stock is currently trading at ₹5,765 a share.

 

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). While the