Polycab Share Price Analysis: Q1 Results Spark Investor Interest

Polycab shares surged after reporting a 50% YoY rise in Q1 net profit. Here is a detailed analysis of its share price performance, financials, and future outlook.

Introduction

Polycab India Limited, a leader in cables, wires, and Fast Moving Electrical Goods (FMEG), has gained investors’ attention with its impressive Q1 FY25 results. The company reported a massive 50% increase in consolidated net profit, propelling its share price upwards.

This article analyses Polycab share price trends, Q1 results, expert views, and whether it remains a strong pick for your portfolio.

Polycab Q1 Results 2025: Key Highlights

Net Profit: ₹584.3 crore, up 50% YoY from ₹389 crore last year
Revenue: ₹4,613.2 crore, up 28% YoY
EBITDA Margin: Improved to 16.8% from 14.3%
EPS: Earnings per share rose significantly

These results reflect robust demand recovery, operational efficiency, and better pricing strategies.

Reference: Economic Times report on Polycab Q1 results

Current Share Price Performance

As of July 18, 2025:

Polycab Share Price: ₹6,540 (approx.)
Change: +2.8% intraday after results announcement
52-week High/Low: ₹6,650 / ₹3,100

The stock has nearly doubled in the last year, outperforming major indices and sector peers due to sustained growth in its core businesses.

Factors Driving Polycab’s Growth

Strong Cable & Wire Business

Cables and wires continue to account for 80% of Polycab’s revenue. Growth drivers include:

Increased infrastructure spending
Urban housing and smart city projects
Strong distribution network across India

FMEG Segment Expansion

Polycab’s FMEG products – fans, lighting, switches – are gaining market share due to:

Expanding product portfolio
Aggressive marketing
Growing brand recognition in Tier 2 and Tier 3 cities

Market Expert Opinions

Motilal Oswal: Maintains a ‘Buy’ rating with a target price of ₹7,000, citing strong margins and demand prospects.
ICICI Securities: Highlights Polycab’s leadership in cables and wires and improving FMEG contribution as a positive long-term trigger.
HDFC Securities: Cautions about competition from Havells and Finolex but remains optimistic.

Future Outlook for Polycab Shares

Growth Opportunities

Government’s focus on infrastructure and electrification
Expansion in South Asian markets
Increasing rural electrification demand

Potential Risks

Rising copper prices impacting margins
Intense competition in FMEG segment
Dependency on real estate and infra sector growth

Overall, Polycab remains a strong growth story in the electricals sector with diversification and operational excellence.

FAQs

1. What is the current Polycab share price?

As of July 18, 2025, Polycab shares are trading around ₹6,540 on NSE.

2. Why did Polycab share price rise recently?

The rise is due to its strong Q1 FY25 results reporting a 50% YoY jump in net profit and robust revenue growth.

3. Is Polycab a good stock to buy now?

Analysts maintain a positive outlook citing strong fundamentals, market leadership, and future expansion plans.

4. What are Polycab’s growth plans?

Polycab plans to expand its FMEG segment, strengthen exports, and leverage upcoming infrastructure projects to boost growth.

Helpful Resources

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Conclusion

Polycab’s outstanding Q1 results reinforce its position as a leader in the cables and FMEG sector. With a strong financial track record, promising expansion strategies, and steady market demand, it remains an attractive investment for long-term wealth creation.