Strong performance in the Wires & Cables business led to a 26 per cent year-on-year increase in overall revenue of Polycab India Ltd during Q1 (April to June) of FY26.
The company’s revenues grew by 26 per cent year-on-year to stand at Rs.59,060 million. The strong growth was driven by robust performance in the W&C business, supported by healthy growth momentum in our Fast-Moving Electrical Goods (FMEG) business.
The W&C segment achieved a 31 per cent year-on-year growth for the quarter, supported by sustained demand across core sectors. Key growth drivers included higher government expenditure, better project execution and rising commodity prices.
The domestic business grew by 32 per cent year-on-year, with cables growth once again outpacing wires. Both channel and institutional business showed healthy traction. International business grew 24 per cent year-on-year albeit on a low base and accounted for 5.2 per cent of the company’s top-line during Q1FY26.
Healthy start to FY26
Commenting on the performance, Inder T. Jaisinghani, Chairman & Managing Director, Polycab India Ltd, said: “We have started FY26 on a strong footing, delivering our highest-ever first-quarter revenue and profitability. Our Wires and Cables business continued to perform well, driven by sustained domestic demand, while our international business also delivered healthy year-on-year growth. The FMEG segment maintained its positive trajectory, marking its second consecutive profitable quarter, supported by a sharper focus on premium offerings and improved operating leverage. With continued momentum in government spending and improving project execution on the ground, we are confident in our ability to capitalise on the opportunities that lie ahead. As we progress on our five-year roadmap under Project Spring, we remain sharply focused on the strategic pillars that will drive the next phase of Polycab’s growth and transformation.”
Also read: Polycab India: Wire & Cable business grows 18 per cent in FY25