B2C revenue tilt to improve margins for Polycab India

The company seeks to double revenues by FY26

Strong performance in the March quarter across key segments, plan to double revenues by FY26 and earnings upgrades led to 17 per cent gain in the stock prices of Polycab India over the last month.

Most brokerages have increased their earnings estimates by 9-13 per cent for FY22 and FY23 while giving the largest player in the cable and wire (C&W) segment a higher valuation multiple.

The immediate trigger for the stock has been the Q4 show aided by market share gains in the C&W segment and margin improvement in the fast moving electrical business (FMEG).

The market leader expanded