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The Economic Times
The Economic Times
Surbhi Khanna

Polycab India shares fall 4% despite strong Q1 earnings, profit jumps 33% YoY

Polycab Polycab India FMEG

Shares of Polycab India fell 4% to an intraday low of Rs 8,888 on the BSE on Friday, despite the company reporting its highest-ever first-quarter performance. The stock declined from its previous close of Rs 9,216, even as net profit surged 33% year-on-year (YoY) to Rs 797 crore.

On Thursday, the company reported a 39% YoY rise in consolidated revenue to Rs 8,210 crore for the quarter ended June 30, 2026. The strong performance was driven by robust growth in its Wires & Cables (W&C) business and continued momentum in the Fast-Moving Electrical Goods (FMEG) segment.

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