New Delhi, July 17 -- Polycab India Ltd's shares plummeted around 4% in Friday's early session despite consolidated revenues increasing 39% year-on-year for the June quarter (Q1FY27) to Rs.8,210 crore. Growth was largely driven by higher copper and aluminium prices rather than by underlying demand.

Polycab's management said on the Q1 earnings call that wires and cables volume growth was in the low-to-mid single digits. This could be one factor troubling investors, as they typically get excited about volume growth more than price-led growth. Furthermore, Polycab's consolidated Ebitda margin slipped to 13.8% in Q1FY27 from 14.5% a year ago.







Wires and cables revenues increased 39% year-on-year, driven by resilient demand, improved ex...