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Polycab India is wired for growth and the stock reflects it
Mint Bangalore
|December 24, 2024
Polycab's shares have meaningfully outperformed Nifty 50 index so far in FY25.
For Polycab India Ltd, FY25 is shaping up to be an eventful year. Consolidated revenue for the half year ended September (H1 FY25) surged nearly 26% year-on-year to about ₹10,200 crore. With this, Polycab is on track to achieve its revenue target a year ahead of schedule. Under its Project LEAP initiative, the company had aimed to reach ₹20,000 crore in revenue by FY26.
"There were some apprehensions that Polycab's revenue growth would slow down given the high base, but it has delivered on growth thanks to strong demand," said Harshit Kapadia, analyst at Elara Securities.
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