Polycab India has outlined comprehensive growth strategies across multiple business segments while announcing significant pricing adjustments due to regulatory changes. The company's management has shared strategic objectives and margin expectations, highlighting both domestic and international performance dynamics.

Pricing Impact from BEE Regulations

The company anticipates a price increase of 2% to 4% starting January 1st due to new Bureau of Energy Efficiency (BEE) regulations. This regulatory-driven pricing adjustment reflects compliance requirements that will affect the electrical equipment industry.

Margin Performance Comparison

Polycab's export business demonstrates superior profitability with EBITDA margins of around 15%, significantly outperforming domestic operations. The domestic cable business operates with margins of 9% to 12%, while wire margins range from 15% to 16%. Management predicts improved Q4 margins sequentially.

Q4 Performance Outlook

The company remains positive about its Q4 performance, expecting high demand and strong activity across both government and private sectors. This optimistic outlook reflects the company's confidence in market conditions and its ability to capitalize on emerging opportunities in the electrical infrastructure space.

Solar Business Growth Strategy

Polycab's solar business, which already holds a leading position in the FMEG segment, is positioned for continued expansion. The company anticipates robust growth in Q4 and expects this momentum to continue in future years, reflecting the growing demand for renewable energy solutions.

Strategic Investment and Long-term Targets

The company has announced plans to gradually increase its annual advertising and promotion spending to 3% to 5% of B2C revenue to support growth. The FMEG division aims to achieve growth rates of 1.5 to 2 times industry growth with EBITDA margins of 8% to 10% by FY30, while the EPC business targets steady high-single-digit operating margins over the mid-to-long term.

Polycab India Limited has made the audio recording of its Q3 FY26 earnings conference call available on its website, following regulatory requirements under SEBI regulations. The company notified both BSE Limited and the National Stock Exchange of India Limited about this development on January 16, 2026.

Conference Call Details

The earnings conference call was conducted on January 16, 2026, where the senior management team discussed the company's performance for the quarter ended December 31, 2025. The session included an interactive question and answer segment with investors and analysts, providing stakeholders with insights into the company's quarterly results.

Regulatory Compliance

The submission of the audio recording aligns with the company's compliance obligations under multiple SEBI regulations. The notification was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs the disclosure of material events and information.

Additionally, pursuant to Regulation 46(2) of the same SEBI regulations, the audio recording has been uploaded to the company's website for public access. This regulation specifically requires companies to maintain and update their websites with relevant information for stakeholder access.

Access Information

The audio recording is now accessible through the company's official website. Stakeholders, including investors, analysts, and other interested parties, can access the complete recording to review the management's discussion of Q3 FY26 performance and responses to various queries raised during the session.

Corporate Communication

The formal notification to the stock exchanges was signed by Manita Carmen A. Gonsalves, Vice President-Legal & Company Secretary, who holds membership number A18321. The communication was digitally signed and submitted to both BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and the National Stock Exchange of India Limited at Bandra-Kurla Complex, Mumbai.

This disclosure demonstrates Polycab India Limited's commitment to maintaining transparency with its stakeholders and adhering to regulatory requirements for listed companies in India.