Polycab India Share Price Falls Over 3% on July 17, 2026, Despite Record Q1 FY27 Revenue and Profit

Polycab India share price declined over 3% on July 17, 2026, even after the company reported its highest-ever first-quarter revenue, EBITDA and profit for Q1 FY27, driven by strong growth in its Wires & Cables and FMEG businesses. 

Polycab India Q1 FY27 Results

Polycab India reported its highest-ever first-quarter financial performance for the quarter ended June 30, 2026. 

The company's consolidated revenue increased 39% year-on-year to ₹8,209.7 crore in Q1 FY27 from the year-ago period. EBITDA rose 32% YoY to ₹1,136.2 crore, while consolidated net profit climbed 33% YoY to ₹796.7 crore. 

EBITDA margin stood at 13.8%, while PAT margin came in at 9.7% during the quarter. 

Wires & Cables and FMEG Drive Growth 

The Wires & Cables business recorded 39% YoY growth, supported by a 43% increase in domestic revenue. According to the company, strong market demand and execution under its Project Spring initiative helped drive growth. The wires segment outperformed the cables segment, while channel sales grew faster than institutional sales. 

The FMEG business reported a 71% year-on-year increase in revenue, with growth across all product categories. Solar products remained the largest contributor within the segment, recording more than two-fold growth over the previous year. The segment's EBIT margin expanded to 8.0%, supported by operating leverage and an improving premium product mix. 

Read More: Polycab India Announces ₹47 Dividend 

EPC Business and International Operations 

Revenue from the EPC business declined 11% YoY, reflecting the timing of project execution during the quarter. However, the segment reported an EBIT margin of 11.0% and continued to maintain a healthy order book and execution pipeline. 

The company's international business recorded a 13% decline in revenue during the quarter. Despite this, Polycab said its diversified global presence and strong order book continue to support future growth opportunities. 

Polycab India Share Price Performance 

As of July 17, 2026, at 10:23 AM, Polycab India share price was trading at ₹8,931.00 on the NSE, down 3.08%.  

The stock fell ₹330 from its intraday high of ₹9,170.00 to the day's low of ₹8,885.00 during the session. 

Conclusion 

Polycab India reported record first-quarter revenue, EBITDA and net profit in Q1 FY27, led by strong growth in its Wires & Cables and FMEG businesses. While the EPC and international businesses saw lower revenue, the company maintained healthy margins and a robust order pipeline. 

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