Polycab India Limited has reported a stellar financial performance for FY26, with total revenue reaching ₹288,838 million, reflecting a robust 29% year-on-year growth. The company’s profit after tax (PAT) rose to ₹27,084 million, a 32% increase compared to the previous year. This growth is driven by the company’s dominant position in the wires and cables industry and a rapidly expanding FMEG business, fueled by strategic initiatives under the Project Leap and Project Spring frameworks.
Record Financial Performance
Polycab India has concluded the fiscal year FY26 on a strong note, demonstrating steady growth and profitability. The company achieved a record annual revenue of ₹288,838 million. Profitability has also seen a significant upward trajectory, with the reported PAT reaching ₹27,084 million, a 32% increase over FY25. This performance highlights the success of the company’s focus on profitable growth and manufacturing efficiency.
Segment Analysis
The Wires and Cables business remains the cornerstone of Polycab’s operations, contributing 87% to external sales. The segment continues to maintain a leadership position in India, holding a 30-31% share of the organized market. Meanwhile, the FMEG (Fast Moving Electrical Goods) segment has evolved into a sizeable part of the business, growing at a 25% CAGR over the past decade and contributing 7% to total revenue in FY26. The remaining 6% of revenue was generated through the Engineering, Procurement, and Construction (EPC) segment.
Strategic Growth Initiatives
The company successfully achieved its Project Leap targets ahead of schedule, prompting the launch of the next 5-year transformation plan, Project Spring. This new initiative is centered on six core pillars: Solidifying Market Leadership in B2B, Propelling B2C Expansion, Ramping-Up International Business, Innovation & Automation, Nurturing Talent, and Growing ESG Integration. These strategic pillars are designed to drive value creation across all business aspects through to FY30.
Commitment to Sustainability and Governance
Polycab remains deeply committed to its ESG (Environmental, Social, and Governance) goals. As of FY26, the company has achieved 18.3% renewable electricity consumption and attained 100% recycling of generated E-waste. The organization’s forward-looking FY30 ESG goals aim to further improve resource efficiency and increase women’s representation in senior leadership, underscoring a commitment to sustainable development and inclusive corporate governance.
Source: BSE
