Polycab Q4 Results: Revenue, margin may expand; All eyes on FY26 guidance

Shares of Polycab Ltd., the wires & cables manufacturing company, have given up early gains on Tuesday, May 6, ahead of its March quarter results announcement.

As per a CNBC-TV18 poll, revenue for the quarter is likely to increase by 18% from last year to ₹6,621 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) may grow by 26% year-on-year to ₹958 crore.

Polycab's margins are likely to grow by 90 basis points from the year-ago quarter to 14.5%, while its bottomline may see a 17% growth year-on-year to ₹637 crore.

According to brokerage firm Nuvama, Polycab's momentum in the cable business is likely to sustain, with volume growth seen in the early teens.

The fans business of Polycab is likely to aid growth in the FMEG business, which is likely to grow better than the industry.

While exports are likely to remain flat on a year-on-year basis, EPC growth is likely to moderate due to a high base.

Here are some of the key factors to watch for Polycab ahead of its Q4 Results:

The cables and wires space has been in the news ever since Aditya Birla Group's UltraTech announced a foray into the space, followed by the Adani Group. While the street fears the rising competitive intensity to hurt incumbents, the players like KEI Industries and others believe that the industry is big enough to accommodate more players.

Shares of Polycab are fluctuating between gains and losses ahead of the earnings announcement at ₹5,799. The stock, along with those of its peers KEI Industries and Finolex Cables, had seen a sharp surge on Monday, after the results reported by RR Kabel, as a result of which that stock had surged over 15% on Monday.

(With Inputs From Upasana Bhatt.)