What was filed
Polycab India filed its earnings presentation on the unaudited consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27). The presentation breaks out performance across the company's three reported segments — Wires & Cables (W&C), Fast Moving Electrical Goods (FMEG) and EPC — alongside the consolidated profit-and-loss, balance sheet and cash-flow statements.
Where the growth came from
The company attributed consolidated top-line growth to continued momentum across both its W&C and FMEG segments. The domestic W&C business grew on what the filing describes as resilient demand, improved execution under 'Project Spring', and higher commodity prices, with wires outpacing cables. The international W&C business recorded a year-on-year degrowth, which the company said moderated overall segment contribution.
FMEG was the standout, reaching what the filing calls its highest-ever quarterly revenue. Solar products were named the largest growth driver within the FMEG portfolio, registering over 2x year-on-year growth. The company reiterated its Project Spring target of reaching FMEG EBITDA margins of 8–10% by FY30.
The EPC segment saw revenue decline year-on-year, which the company said was in line with the timing of the project execution cycle, though EBIT margin improved on both a year-on-year and sequential basis.
Profitability and margins
Per the filing, the company said EBITDA was supported by improved operational efficiency and a favourable business mix, and that W&C margins improved sequentially even as the lower-margin international contribution moderated. Segment-level figures for revenue, EBITDA and EBIT margins are set out in the accompanying key facts.