Polycab sees 39 per cent growth in wire & cable business in Q1FY27
- July 17, 2026
Polycab India Ltd reported a 39 per cent year-on-year growth in wire & cable revenue during the first quarter (Q1: April to June) of FY27.
In a release, Polycab said that the wire & cable (W&C) business reported a growth of 39 per cent year-on-year during the quarter, led by a robust 43% increase in domestic revenues. This performance was supported by healthy market demand and on ground execution excellence under Project Spring.
The wires segment outperformed the cables segment, with channel sales registering higher growth than institutional sales within the cables business. The international business recorded a 13% YoY degrowth; however, diversified global footprint and a healthy order book underscore strong forward momentum. EBIT margin performance improved sequentially on the back of better product mix and operational efficiencies, offsetting the impact of a reduced contribution from international markets.
Meanwhile, Polycab’s EPC business revenues were in line with the timing of the project execution cycle, resulting in an 11 per cent year-on-year decrease for the quarter. The segment remains well-positioned with a robust order book and strong execution pipeline, the release said.
Strong momentum
Commenting on the performance, Inder T. Jaisinghani, Chairman & Managing Director, Polycab India Ltd, said: “We have entered FY2027 with strong momentum, achieving our highest-ever first-quarter revenue and profit performance. The Wires and Cables segment maintained its robust growth trajectory, supported by healthy domestic demand and effective operational execution. Our FMEG business delivered an outstanding quarter, continuing to strengthen its profitability through a strong product portfolio, enhanced operational efficiencies and a growing shift towards premium products. Our international business continues to be a key driver of the next phase of growth, supported by a strong order book. Meanwhile, the EPC segment remains on a solid footing, underpinned by a healthy order backlog and a strong project execution pipeline. Looking ahead, sustained government infrastructure investments and improving on-ground project implementation are expected to create significant growth opportunities. Supported by a strong financial position and ongoing investments in capacity enhancement, innovation, and distribution expansion, we are well-positioned to strengthen our market leadership and deliver sustainable, industry-leading growth over the long term.”