Inder T Jaisinghani says that the demand outlook is further reinforced by the rapid emergence of sunrise sectors such as renewable energy, data centres and digital infrastructure
Highlighting that India’s structural growth drivers continue to provide a strong backdrop for the industry, Polycab India is looking to invest meaningfully in capacity expansion, automation and operational efficiency going ahead.
Company’s Chairman and Managing Director Inder T Jaisinghani said in the annual report that Polycab India is anticipating strong long-term demand driven by India’s infrastructure build-out, electrification and manufacturing growth. This demand outlook is further reinforced by the rapid emergence of sunrise sectors such as renewable energy, data centres and digital infrastructure, alongside the growing opportunity presented by export markets.
“We will continue to invest with discipline, execute with agility and uphold the highest standards of governance and integrity. At the same time, we will continue to build capabilities that support our long-term aspiration of enhancing Polycab’s presence in global markets in a measured and sustainable manner,” Jaisinghani added.
The CMD added that the International business remains an important pillar of the company’s long-term growth agenda. He highlighted that the company expanded its reach across ten new geographies taking its total geographical reach to 94 countries, while continuing to secure approvals and certifications that are essential for scaling sustainably.
“In the wires and cables (W&C) business, performance continued to remain ahead of the industry, reflecting sustained out-performance versus market growth, in line with our guidance of growing at 1.5 times the industry growth rate. Margins remained within the guided range,” he explained.
The company’s consolidated revenues delivered a strong 27 per cent year-on-year (YoY) growth to stand at Rs 88,645 million. The strong growth was driven by execution across both the W&C business and the Fast-moving Electrical Goods (FMEG) business.
The FMEG business concluded a strong year with a solid Q4 performance, delivering 47 per cent YoY growth for the quarter. The company said that solar products emerged as a standout performer, delivering nearly two-times growth YoY and becoming the largest category within the FMEG portfolio.
Segment profitability continued to improve, despite higher investments in brand-building initiatives. This was supported by operating leverage and a favorable product mix shift, in line with Project Spring guidance of achieving Ebitda margins of 8 to 10 per cent by the financial year 2030.
