Polycab India Limited is the largest manufacturer of wires and cables in India, operating extensively in the electrical goods sector, including FMEG and EPC projects.

The company reported an 18% YoY growth in consolidated revenue for Q2 FY26, driven by strong performances in the Wires & Cables and FMEG segments, somewhat offset by a decline in EPC revenues.

International business saw substantial growth, contributing 6.5% to the total revenue, with a 25% YoY increase, highlighting Polycab's expanding global footprint.

EBITDA increased by 62% YoY and 19% QoQ, supported by a strong performance in the W&C segment and a one-off gain in EPC, resulting in a margin improvement to 15.8%.

The company is investing heavily in capacity expansion as part of its Project Spring plan, targeting to exceed market growth rates and significantly increase its export contributions.