Polycab Share Price Rises Nearly 3% After Robust Q1 FY26 Results

Market Performance

Polycab shares jumped nearly 3% on the BSE post strong Q1 FY26 results:

• Opened at: ₹6,998 per share
• Touched Intraday High: ₹7,080
• Hit Intraday Low: ₹6,939.05

This near 3% appreciation reflects favorable investor sentiment in response to the company’s solid financial results.

Main News: Strong Q1 Performance Drives Gains

Polycab India Ltd posted strong gains in key financial metrics for Q1 FY26. Consolidated results showed sustained year-over-year growth, highlighting a consistent upward trend.

Company Details

Polycab India, a top cables and wires manufacturer, is steadily expanding its footprint in the FMEG segment. Its recent results highlight strong operational resilience and a clear strategic focus.

Revenue

• Q1 FY26 Revenue from Operations: ₹5,906 crore
• Year-on-Year Growth: 26%
• Q1 FY25 Revenue: ₹4,698 crore
• Quarter-on-Quarter Decline: 15% (from ₹6,986 crore in Q4 FY25)

EBITDA

• EBITDA in Q1 FY26: ₹858 crore
• Growth YoY: 47.1%
• EBITDA climbed sharply, driven by efficient cost controls and strategic pricing.

EBITDA Margins

• Q1 FY26 EBITDA Margin: 14.5%
• Improvement: Over 200 basis points compared to Q1 FY25

Higher margins stemmed from a favorable product mix and lower raw material costs.

Net Profit

• Consolidated Net Profit: ₹592 crore
• YoY Increase: 50% (from ₹396 crore in Q1 FY25)
• QoQ Decline: 19% (from ₹727 crore in Q4 FY25)

Despite the quarterly decline, the substantial annual profit gain highlights Polycab’s strong fundamentals.

Gross and PAT Margins

• Gross Margin YoY Improvement: 230 basis points
• PAT Margin YoY Rise: 170 basis points
• Q1 FY26 PAT Margin: 10.2%

Margin gains resulted from operational leverage, lower input costs, and a refined revenue mix.

Segment Highlights

• Cables & Wires Segment Growth: 33% YoY
• EBIT Margins: 14.7% — near record highs
• FMEG Segment Revenue Growth: 18% YoY
• FMEG Margins: Improved by 280 basis points YoY to 2.1%

Polycab Share Price Today

Polycab share price movement post-results indicates strong investor sentiment:

• Opening Price: ₹6,998
• Day’s High: ₹7,080
• Day’s Low: ₹6,939.05
• Overall Gain: Nearly 3%

Summary of the Article

After Q1 FY26, Polycab shares rose nearly 3%, driven by a 50% profit surge, 47% EBITDA growth, and stronger margins from robust cables and wires performance and operational efficiency.

• EBITDA growth of 47% to ₹858 crore
• Improved margins across revenue, EBITDA, and PAT