The W&C business remained the key growth driver, delivering strong growth across domestic and export markets with healthy profitability despite volatility and challenges due to recent global conflicts
Infrastructure development, housing growth, electrification and the ongoing shift towards organized and compliant products continue to support the demand, said RR Kabel.
Analysts at JM Financial seen strong C&W demand from institutional players; but caution that a correction in copper prices could pose a risk to primary off-take for these companies.
Considering change in mix analysts at YES Securities expect R R Kabel's margins to start inching up in the wires and cables segment and increased capacity to drive volume growth.
The brokerage has reiterated 'Buy' on Polycab India (target ₹9,110) and KEI Industries (target ₹4,960) and a 'Neutral' rating on Havells India (target ₹1,640) and R R Kabel (target ₹ 1,470)