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The Economic Times

Polycab India drops 4% to Rs 8,888 after Q1 profit rises 33% to Rs 797 crore

AI Market Summary
Polycab's record Q1 results (profit +33% YoY, revenue +39% YoY) were overshadowed by a 4% share decline, suggesting investors are questioning the durability of outsized growth and taking profits after a strong run. Strength in FMEG (+71% revenue) and domestic wires & cables (+43%) was partly offset by weaker international revenue (-13%) and softer EPC timing. Spillover to broader markets appears limited.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.96%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Polycab India reported its best-ever first-quarter results for the quarter ended June 30, 2026, with net profit up 33% year on year to Rs 797 crore and revenue rising 39% to Rs 8,210 crore. Despite the growth, the stock fell 4% to Rs 8,888, suggesting investors questioned whether the pace can be sustained. FMEG revenue jumped 71% and solar products more than doubled, while domestic sales in Wires & Cables rose 43% and international revenue declined 13%.
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