Polycab Surges 7% After Strong Show As Stock Hits 52 Week High

Mumbai, May 7:Shares of Polycab India jumped sharply on Thursday after the wires and cables maker reported a strong March-quarter performance that beat Street expectations across key metrics, reaffirming bullish views on the stock.

The stock climbed as much as 7% to hit a 52 week or one year high of Rs 8,991 during the session on the NSE.

Investors rewarded the stock after seeing the report card. Above is stock price movement for Thursday so far. Source: NSE 

At the time of writing, the stock was up 6.5% at Rs 8,965.

Robust Revenue

The rally came after the company posted robust revenue growth, aided by strong demand in its core wires and cables business and continued momentum in its fast-moving electrical goods (FMEG) segment.

Polycab reported consolidated revenue of Rs 8,865 crore for the March quarter, up 27% year-on-year. Net profit rose 7% to Rs 786 crore, while the company also announced a final dividend of Rs 47 per share for FY26.

The stock has gained over 50% over one year versus the Nifty Midcap 50 rising 14%. Source: NSE

The company’s wires and cables segment, which remains its largest revenue contributor, recorded around 30% growth during the quarter, supported by strong demand from the real estate, infrastructure and industrial sectors.

Its FMEG business also posted an impressive 47% jump, reflecting improving consumer demand and deeper market penetration across electrical products. However, the engineering, procurement and construction (EPC) segment saw a 15% decline.

Optimism Wave

The better-than-expected performance triggered a wave of optimism on the markets. The company continues to benefit from structural growth trends in India’s power, housing and infrastructure sectors, which have boosted demand for wires, cables and electrical equipment. Investors have also remained optimistic about Polycab’s ability to expand market share amid formalisation in the sector and increasing organised penetration.

The stock has been one of the strongest performers in the capital goods and electricals space over the past few years, supported by consistent earnings growth and improving profitability. Market participants said Thursday’s rally reflected growing confidence that the company could sustain strong growth momentum into FY27 despite a challenging global environment.

The upbeat earnings also added to broader positive sentiment in the domestic market, where investors have increasingly favoured infrastructure-linked and manufacturing-focused companies amid expectations of continued government spending and private sector capex revival.

Analysts will now closely watch management commentary on demand trends, commodity prices and margin outlook for further cues on the company’s growth trajectory.

Source:

• https://www.nseindia.com/get-quote/equity/POLYCAB/Polycab-India-Limited