Our Competitive Edge
- Market leadership in W&C
- Well-footed FMEG player
- Pan-India network
- High degree of backward integration
- Strong R&D capabilities
- Quality management team
Business Strategy
We launched Project Spring, a five-year plan to FY 2029-30, leveraging the Indian infrastructure upcycle and rising global cable demand. Built on six pillars, it aims to ensure sustained growth.
Business Segments
Cables and Wires
Leading the Indian market, our cables and wires division supplies a diverse range of global retail, industrial and institutional customers across core sectors.
Organised market share
Segment revenue
Segment Highlights
- Strong growth driven by domestic demand across Power, infrastructure and real estate.
- EBITDA margins maintained at 13.6% despite commodity volatility, supported by hedging and pricing actions
33%
Growth in domestic W&C
~10,000
SKUs
Fast-Moving Electrical Goods industry
Expanding our consumer footprint, the Fast-Moving Electrical Goods division delivers innovative solutions to retail and commercial customers across diverse sectors.
Segment revenue
Segment Highlights
- FMEG grew 25% YoY and turned profitable, marking a key inflection point.
- Growth driven by restructuring, distributor expansion, new SKU launches and focused brandbuilding.
25%
Growth in FMEG
5,200+
SKUs
Engineering, Procurement & Construction
Driving national grid development, our Engineering, Procurement and Construction division executes complex electrical infrastructure for government and institutional power customers.
Segment revenue
Segment Highlights
- EBIT stood at `1,655 Mn with a margin of 9.9% (+52 bps YoY), supported by operating efficiencies amid revenue pressures.
- Operating margins expected to remain in high single digits over the medium to long term.
`113 Bn
Order book composition
