Polycab India Limited , a leading manufacturer of cables and wires, has announced ambitious EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin targets for its Fast Moving Electrical Goods (FMEG) segment and overall business during a recent conference call.

FMEG Segment Target

Polycab has set its sights on achieving an EBITDA margin of 8-10% in its FMEG segment by the fiscal year 2030 (FY30). This target demonstrates the company's commitment to improving profitability in this growing segment of its business.

Long-Term Margin Target

Despite currently exceeding its long-term margin expectations, Polycab maintains a conservative outlook for its overall business. The company has reiterated its long-term EBITDA margin target of 11-13% over the next five years.

Current Performance vs. Targets

It's noteworthy that Polycab's current results are surpassing the long-term target range of 11-13%. This outperformance suggests that the company is experiencing strong profitability in its operations. However, by maintaining its long-term target, Polycab appears to be taking a prudent approach, possibly accounting for potential market fluctuations or increased competition in the future.

Target Summary

These targets provide insights into Polycab's strategic focus on improving profitability, particularly in its FMEG segment. The company's decision to maintain its overall margin target, despite current outperformance, suggests a balanced approach to long-term financial planning and stakeholder communication.

Investors and analysts will likely keep a close eye on Polycab's progress towards these targets, as they could significantly impact the company's valuation and market position in the coming years.

Polycab India Ltd. , a leading manufacturer of wires and cables, has announced its unaudited financial results for the quarter and half year ended September 30, 2025, showcasing substantial growth across key financial metrics.

Financial Highlights

For the six-month period, consolidated revenue reached ₹123,831.87 million compared to ₹101,964.53 million in the previous year.

Segment-wise Performance

Wires & Cables Segment

The Wires & Cables segment, Polycab's core business, generated ₹56,911.30 million in Q2 revenue.

FMEG Business

The Fast-Moving Electrical Goods (FMEG) segment contributed ₹4,521.84 million to the quarterly revenue.

EPC Segment

The Engineering, Procurement, and Construction (EPC) segment reported revenue of ₹4,023.90 million for the quarter.

Key Financial Metric

Earnings per share (basic) stood at ₹45.54 for the quarter.

Management Changes

The Board has appointed Mr. Niyant Maru as Executive President - Finance effective October 17, 2025. Mr. Maru will be designated as Chief Financial Officer from October 28, 2025, for a fixed term of nine months. This appointment follows the resignation of the previous CFO.

Polycab India's strong performance in Q2 FY26 demonstrates the company's ability to capitalize on market opportunities and maintain robust growth across its diverse business segments. The appointment of an interim CFO also indicates the company's commitment to ensuring continuity in its financial leadership.