'
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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