Accelerated Growth. Strengthened Leadership.
India’s ascent on the global economic order offers a springboard for our ambitions. At Polycab, we are leveraging our proven expertise to step into this transformative era with a clear focus to aggressively expand our domestic footprint while also capitalising on global manufacturing diversification. This reaffirms our position as a foundational partner in India’s growth story and is now accelerating growth across our portfolio.
Today, Polycab proudly stands as India’s No.1 Wires and Cables Company, outpacing the broader market through our domestic cables and wires business, where strong demand and volume growth drove our performance past historic revenue milestones. We are now decisively scaling our presence in the Fast-Moving Electrical Goods (FMEG) segment. A deliberate shift towards premiumisation has also enabled us to achieve consecutive profitable quarters and substantially strengthen our solar portfolio.
Additionally, we are benefitting from a real estate upcycle and increasing consumer preference for smarter, greener homes. This year, we launched our GreenPro-certified Green Wires+, further solidifying our leadership in sustainable infrastructure.
We have fortified our balance sheet and continue to scale our operations rapidly through internal accruals. Our operational discipline has resulted in an ultra-lean working capital cycle.
This strength is reflected in our expanding market share, which has surged from ~18% in FY 2018-19 to approximately 30-31% of the organised market in FY 2025-26.
True leaders, however, build for tomorrow even as they dominate today. This is why we are advancing Project Spring, our bold, multi-year transformation strategy, which outlines the critical enablers for capturing future opportunities. In doing so, we are embedding a powerful 'Digital DNA' across operations to redefine our retail journey. Advanced AI platforms and our dedicated loyalty apps are currently driving stronger engagement across a vast network of registered influencers.
Through targeted investments in capacity expansion, consistent innovation and deeper ESG integration across our value chain, we are not just securing our long-term leadership; we are building a resilient enterprise fully equipped to thrive in the years ahead.
₹288,838Mn
↑ 29%Revenue
₹27,084Mn
↑ 32%Profit After Tax
₹14,799Mn
CapEx
₹41,940Mn
Net Cash
193,461GJ
Renewable energy consumption
7.1MTCO₂ e/₹crore
Total Scope 1 and Scope 2 emission intensity per crore rupee of turnover
18,357MT
Total waste recycled
100%
Manufacturing locations with
ISO 9001-2015/14001-2015/45001-2018
0.067
Workers LTIFR*
Zero
High-consequence injuries and fatalities
0.507MN
Lives Impacted (Cumulative)
14%
Material sourced from MSME vendors
56%
Board independence
80%
Committees led by Independent Directors
5.3%
Women's representation in senior leadership
100%
Average board meeting attendance rate
This year reaffirmed our belief that enduring leadership is built on strong foundations and strengthened through disciplined acceleration. By staying anchored to our core strengths and executing with clarity, we continue to move forward with confidence and purpose
Inder T. Jaisinghani
Chairman & Managing Director
Read the Full Statement +
You can replicate capacity and products; you cannot easily replicate culture. That is our deepest competitive advantage, and it will carry us further than any single investment decision.
Read the Full Statement +As India's largest manufacturer of cables and wires and a leading FMEG player, we deliver innovative electrical solutions across homes, industries and infrastructure – connecting people to a safer, smarter and brighter future.
Discover More +Business Segments
Leading the Indian market, our cables and wires division supplies a diverse range of global retail, industrial and institutional customers across core sectors
33%
Growth in domestic W&C
~10,000
SKUs
Expanding our consumer footprint, the Fast-Moving Electrical Goods division delivers innovative solutions to retail and commercial customers across diverse sectors.
25%
Growth in FMEG
5,200+
SKUs
Driving national grid development, our Engineering, Procurement and Construction division executes complex electrical infrastructure for government and institutional power customers.
`113 Bn
Order book composition
Shaping a Connected India
At Polycab, we continue to contribute to India's infrastructure development with high-quality, energy-efficient electrical solutions across major sectors such as infrastructure, power, mobility and construction. By supporting landmark projects nationwide, we seek to build a more connected, future-ready India.
Discover more +~1.5x
of Market Growth in Core segments
11-13%
Wires & Cables EBITDA
>10%
Contribution from Exports
1.5x-2x
of Market Growth in Core segments
Ahead of guidance
5.4%
Contribution from Exports
1.5x-2x
of Market Growth in FMEG
8-10%
FMEG EBITDA
~3x-4x
of Market Growth in FMEG
In line with guidance
₹60-80 Bn
Capex
>30%
Dividend Payout Ratio
₹14.8 Bn
Capex
27.2%
Dividend Payout Ratio
Total returns to shareholders
Revenue from customers
Employee compensation
Sustainable Sourcing in FY 2025-26
Community investments
Environmental investments
Payment to Government
Embedding ESG principles into our daily operations is a critical business imperative at Polycab. This deliberate integration mitigates long-term risk, drives measurable impact, and ensures enduring value creation across our entire stakeholder ecosystem.
Discover more +Our ESG Approach
Material topics were reassessed to align with our business strategy and key impact areas, incorporating relevant standards and stakeholder input. A comprehensive risk and opportunity assessment further guided focused progress toward our sustainability goals. (material issues and stakeholders..)
ESG governance was strengthened with a dynamic ESG Council reporting to the CSR & ESG Committee. This year, the Council led the materiality reassessment and finalised the five-year ESG roadmap to achieve the identified targets.
An ESG roadmap was created to outline key milestones and monitor progress toward our goals. Progress will be tracked through our strengthened governance framework, with continued disclosure on material issues in future reporting cycles.
Steps are underway to reduce the environmental impact of our operations, with a strong focus on expanding renewable energy use to minimise our carbon footprint as we grow. (details on our environmental initiatives.)
Efforts are underway to drive impact-led performance by focusing on metrics with the greatest potential for positive change. This year, we began tracking key categories of Scope 3 emissions and have disclosed them in this report. (details on Scope 3 emissions.)
Regular audits and assurance ensure compliance and strategic alignment. This is the third consecutive year of reasonable assurance on BRSR Core Indicators. In FY 2025-26, the scope of assured GRI indicators expanded from last year. (assurance statement.)
As a leading Indian manufacturer of wires, cables, and FMEG, our expansive value chain and energy-intensive operations make ESG principles central to our long-term strategy.
Discover more +We shortlisted 16 key sustainability topics using peer benchmarks and ESG frameworks.
We deployed an online survey to internal and external stakeholders to gauge their perspectives on our environmental and social impact.
The Executive Committee assessed the 16 topics through a dedicated workshop to rank their potential financial impacts.
Double Material Topics
To accelerate our transition toward a sustainable future, we have established clear targets extending through 2030. This strategic blueprint is anchored in three core business imperatives: advancing climate action, contributing to a circular economy and championing inclusive, equitable growth across our entire value chain.
Discover more +
