Revenue
Mn
PAT
Mn
CapEx
Mn
net cash
Mn
Chairman’s Message
“This year we embodied our guiding ethos: Leading with Strength, Growing with Purpose. Strength was reflected in our ability to outperform the industry, remain resilient amid uncertainty and stay firmly aligned with our strategic vision. Purpose guided our bold investments, deeper commitment to sustainability, expansion into new markets and continued focus on delivering an exceptional customer experience”
Inder T. Jaisinghani
Chairman & Managing Director
Q&A with the CFO
“Polycab’s capital investment plan of ₹12 to ₹16 billion annually over the next five years reflects our commitment to expanding and driving sustainable growth, firmly positioning the Company for long‑term leadership and value creation”
Gandharv Tongia
Q&A with the CFO
PRINGTowards New Growth Horizons
At Polycab, we had set an ambitious target of reaching sales of `200 billion by FY 2025-26 under Project LEAP. In FY 2024-25, we have surpassed this figure and achieved sales of more than `220 billion, well ahead of the committed timeframe. We are now embarking on the next leg of our journey with Project Spring.
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- Solidifying Market Leadership in B2B
- Propelling B2C Expansion
- Ramp-up International Business
- Innovation and Automation-Led Holistic Development
- Nurture talent and capabilities
- Growing ESG integration
W&C Business
~1.5x
of Market Growth in Core segments
11-13%
EBITDA Margin
>10%
Contribution from Exports to Company’s Top-Line
FMEG Business
1.5x-2x
of Market Growth
8-10%
EBITDA Margin
Cash Flow Guidance
₹60–80 Bn
Capex
>30%
Dividend Payout Ratio
Our ESG strategy aims to inculcate positive efforts to initiate change and create lasting value for all stakeholders.
Our ESG Approach
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1,57,554 GJ
Renewable Energy Consumption
19,220 MT
Waste Recovered (Recycling and Reuse)
31,336 MTCO2e
Emissions Avoided Due to Renewable Energy
32,45,000 Watts
RE capacities installed across various locations
0.11
LTIFR
2,35,000 +
CSR Beneficiaries since past 2 years
Zero
High-Consequence Injuries & Fatalities
36+
Flagship CSR programmes
55%
Board Independence
100%
Committees led by Independent Directors
87.8%
Sustainable Sourcing
100%
Supplier Code of Conduct alignment rate
To maximise value creation, we conduct periodic evaluations that help us to assess internal requirements as well as risks pertaining to the external environment. The materiality assessment, therefore, enables us to prioritise material topics necessary for transforming Polycab into a more sustainable organisation.
Material Topics
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Environment
Focus Areas
Climate Change and Energy Strategy
50%
Renewable electricity consumption
Circular Economy & Waste Management
Zero
Waste to landfill
R&D, Innovation & Product Stewardship
At least 1
Net zero product
Water & Pollution Management
30%
Recycled water usage
Social
Focus Areas
Diversity, Equity & Inclusion
11%
Permanent women employees
Human Capital Development
30 Hours
Training per employee per year
Occupational Health & Safety
Aim for Zero Harm
Reduce employee and workers LTI
Community Development
1 million
Lives to be positively impacted through social responsibility initiatives
Governance
Focus Areas
Responsible Sourcing & Material Efficiency
100%
Of strategic suppliers to be assessed on ESG criteria
Corporate Governance, Ethics and Integrity
15%
Women’s representation in senior leadership roles
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Our Value Chain
Creating shared value for our stakeholders
Investors
832%*
Share Price Growth Since Listing
Customers
₹2,24,083 Mn
Revenue from Customers
Employees
₹7,367 Mn
Employee Compensation
Value chain partners
₹1,68,300 Mn
Payments to Suppliers
Communities
₹356 Mn
Community Investments
Environment
₹202 Mn
Environmental Investments
Government and Regulatory Bodies
₹6,331 Mn
Payment to Government
*As of 19th May 2025
Financial Capital
₹2,24,083 Mn
Revenue
₹29,602 Mn
EBITDA
28.70%
RoCE
₹20,455 Mn
PAT
350%
Proposed Dividend
Natural Capital
31,336 MTCO2e
Emissions avoided due to renewable energy
YoY increase19,220 MT MT
Waste Recycled
YoY increase
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Our consistent financial performances have enabled us to retain our market leadership in a competitive environment. With a growing global presence, prudent capital allocation and a strategic roadmap for future growth, we are poised to capitalise on emerging opportunities and deliver sustainable returns to our investors.
SDGs Impacted
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35
Domestic and global conferences attended in FY 2024-25
5
International investor geographies covered via NDRs in FY 2024-25
26.30%
Dividend payout Ratio
5
Increase in analyst coverage, taking total coverage to 42 brokerage houses
Our customer-first approach enables us to consistently deliver innovative and superior quality products and services, designed to fulfil evolving consumer expectations. It has earned us the trust and loyalty of a growing customer base and helped to considerably elevate consumer experiences.
SDGs Impacted
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96%
Customer Satisfaction Score
84 Countries
International Business Footprint
4,300+
No. of Dealers & Distributors
2,00,000
No. of Retail Touchpoints
Our people form the backbone of our organisation, driving our progress and success. We empower them with opportunities to improve skill sets and strive to nurture an inclusive working environment where people feel valued. It has enabled us to build a diverse, future-ready workforce, equipped to navigate evolving industry demands.
SDGs Impacted
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55%
Employees associated for 5+ years
0.11
LTIFR
100%
Employees given Performance Reviews
We have created a holistic ecosystem of value chain partners including suppliers, dealers, distributors and influencers. It has empowered us to broaden our reach, engage effectively with customers and adhere to responsible sourcing strategies.
SDGs Impacted
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2,00,000+
Influencers on the Polycab Experts Digital Platform
1,00,000+
No. of MSME Vendors
~88%
Sustainable Sourcing in FY 2024-25
We believe in conducting business responsibly and acting purposefully. Our CSR activities clearly reflect these goals and reiterate our commitment to build a ‘Safe and Sustainable Company’. By promoting holistic growth of communities through targeted initiatives encompassing education, healthcare, rural development and environmental sustainability, we are determined to make a meaningful impact.
SDGs Impacted
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2,35,000+
CSR Beneficiaries in the past 2 years
We strive to preserve natural resources and adopt sustainable practices across our operations to contribute towards a greener future. Along with the use of innovative technology, we foster environmental consciousness to adopt a holistic approach to environmental stewardship.
SDGs Impacted
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19,220MT
Total Waste Recycled
1,57,554+
Total Energy Consumed from Renewable Sources
Polycab employs a structured risk management framework that enables swift response to disruptions and informed decision-making.
Risk Management Process
Key Business Goals
In alignment with the goals set by top management and the Board and considering the acceptable level of risk, we establish frameworks, processes and controls to support the successful attainment of these objectives.
Risk
Identification
Identifying uncertainties that may have the potential to affect the achievement of business objectives.
Risk
Assessment
Assessing the identified risks and their potential impact.
Monitoring
& Reporting
Monitor and report risks along with their corresponding treatment strategies.
Risk
Treatment
Address identified risks through mitigation, transfer, tolerance, or termination strategies.
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Our Goals and Targets for Governance
Corporate Governance, Ethics and Integrity
15%
Women’s representation in senior
leadership roles by 2030
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