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20-Oct-2023

Polycab India

W&C demand continue to be strong


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Polycab hosted a conference call on Oct 19, 2023. In the conference call the company was represented by Inder T. Jaisinghani, CMD and Gandharv Tongia, ED.   

Key takeaways of the conference call

Strong topline growth was driven by strong volume growth in wires & cables business especially domestic.

Strong volume growth drove the revenue of Wires & Cables revenue in Q2FY24. Overall domestic volume growth was 30% in W&C.   W&C witnessed continued strong demand supported by government capex and robust real-estate off-take enabled sustenance of growth momentum.  Domestically, both distribution driven business and institutional business exhibited strong performance.

Cables growth continued to outperform wires growth. Polycab special purpose cables reported strong growth in H1FY24. 

Revenue from international business contributed 9.3% of the consolidated W&C...



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