Polycab India Limited , a leading manufacturer of wires and cables, has announced a significant change in its key managerial personnel. The company has appointed Niyant Maru as its new Chief Financial Officer (CFO), effective October 28, 2025. This appointment marks an important development in the company's leadership structure.

Key Details of the Appointment

Responsibilities and Authority

Mr. Maru's appointment comes with significant responsibilities. As the CFO, he is now authorized to make material disclosures to stock exchanges, a crucial role in maintaining transparency and compliance with regulatory requirements. This authority is in line with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Communication

Polycab India Limited has officially notified both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) about this leadership change. The company's disclosure, signed by Manita Carmen A. Gonsalves, Vice President - Legal & Company Secretary, provides the following contact details for Mr. Maru:

This appointment reflects Polycab India's commitment to strengthening its financial leadership. As the company continues to navigate the wire and cable manufacturing industry, Mr. Maru's role will be crucial in steering the financial strategies and ensuring robust financial management.

Investors and stakeholders will likely be keen to observe how this change in financial leadership might influence Polycab India's financial strategies and performance in the future.

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.