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Polycab India hosted a conference call on Jan 19, 2024. In the conference call the company was represented by Inder T. Jaisinghani, CMD and Gandharv Tongia, ED.
Key takeaways of the call
Revenue grew by 17% YoY in Q3FY24
on the back of strong volume growth in wires & cables business.
Wires & Cables revenue for
9MFY24 and Q3FY24 grew by 29% YoY and 18% YoY respectively, on the back of
strong volume growth. Demand momentum continued to be strong supported by
government and private capex. Domestic volume of C&W was up 20%YoY with
growth of cables better than wires. The growth in wires has slowed in some
states due to elections, along with the high base effect of last year which saw
peak sales. Domestically, while both distribution and institutional businesses of
C&W exhibited strong performance, institutional business growth outpaced
distribution business growth. Revenue from international business con...
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