Polycab Q1 Results: Stock at day's low ahead of earnings; FY26 guidance key
Published on 17/07/2025 12:48 PM
Polycab Q1 Results: Stock at day's low ahead of earnings; FY26 guidance keyPolycab's Export growth could be weaker than initially anticipated due to US tariffs and middle east war-related developments and uncertainties. The FMEG business is likely to see moderate growth as solar and other segments could offset the weakness in the fans business.By Hormaz Fatakia July 17, 2025, 12:48:12 PM IST (Published)2 Min ReadShares of Polycab India Ltd., one of India's leading wires and cables manufacturing company are trading at the lows of the day ahead of their results announcement on Thursday, July 17.
According to a CNBC-TV18 poll, the company's revenue is seen increasing by 20% from last year to ₹5,651 crore.
Polycab's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is likely to grow by 31% on a year-on-year basis to ₹762 crore, the poll suggested.
EBITDA margins for the quarter are likely to expand by 110 basis points to 13.5% from 12.4% during the year-ago quarter. Margin expansion is expected on the back of operating leverage and a better product mix.
Net profit for the quarter is seen 29% higher from the same quarter last year to ₹518 crore, according to the poll.
Brokerage firm Equirus has projected the domestic volume growth to be close to 20% from last year.
The street is also anticipating strong, industry-leading topline growth, led by the wires and cables business.
Export growth could be weaker than initially anticipated due to US tariffs and middle east war-related developments and uncertainties. The FMEG business is likely to see moderate growth as solar and other segments could offset the weakness in the fans business.
Here are some of the key things to watch out for from Polycab's results:
Updated guidance on the Wires & Cables and FMEG business under Project LEAP
Demand outlook for domestic and export markets
Update on new capacity addition plans
Shares of Polycab India are looking to recover from the lows of the day, currently trading 1.3% lower at ₹6,856. The stock has risen 14% over the last one month.
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