• In Q1 Consolidated Revenue jump 48% and Net Profit up 202% YoY
• EBITDA Margins 11.3%. Committed to maintain margins in range of 11% to 13%. Recent correction in metal will be pass on to dealers but with maintaining similar margins. Prices are updated on monthly basis
• Export contribution to Revenue 6.7% vs 6.1% YoY. Major growth coming from USA, Africa and Australia
• New Economy sub brand ETIRA launched last quarter posting 2 times growth on sequential basis
• EBITDA Margins from FMEG is 2% at present and Co is committed to bring it to 12% by FY26
• Debt to equity 0.02 and Net Cash is Rs.590 Cr
• Inventory Levels are higher than normal. June was soft quarter against expectation. Due to High Volatility in metal dealers and distributors reduced their stock in expectation of reduction in wire and cable price
• Increase in Ads and Sales promotion activities
• Under Project Leap B2B Wire and Cables 27 New Districts added. For FMEG 100 new distributors added
• Capex Plan Rs.300 to Rs.400 Cr
• H2 will be better than H1 as Distributor and Dealer expecting price cut in near term
• In our business there is no demand loss it can only be deferred for few months
• Current Market Share in Organized market of Wire and Cable is 24%
• 87% Business comes from Dealer and Distributor rest from institutional sale and export

Source:

Polycab Investor Presentation

Polycab Concall Recording