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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Polycab
Polycab (POLYCAB) investor relations material
Polycab Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary15 Oct, 2026
Executive summary
Q2 FY27 revenue was ₹98,989.01m, up 53% YoY; profit reached ₹9,899.97m, up 43%.
H1 revenue was ₹181,086.33m, up 46% YoY; profit was ₹17,866.51m, up 38%.
Project Spring initiatives are progressing to plan, with priorities spanning growth, innovation, talent and capabilities.
Financial highlights
Q2 EBITDA rose 39% YoY to ₹14,225 Mn; EBITDA margin was 14.4%, versus 15.8% a year earlier and 13.8% in Q1. PAT margin was 10.0%.
H1 EBITDA rose 36% to ₹25,587 Mn, with a 14.1% margin; PAT margin was 9.9%.
Q2 profit before tax was ₹13,062.20m versus ₹9,210.01m; total income was ₹99,872.68m.
Q2 contribution was ₹23,366 Mn, or 23.6% of revenue, versus ₹17,563 Mn and 27.1% a year earlier.
Outlook and guidance
Overall outlook unchanged; structural demand drivers remain intact despite commodity volatility, geopolitical developments and logistics disruption.
Wires and cables medium-to-long-term EBITDA margin guidance remains 11%-13%; elevated current margins are expected to normalize.
FMEG targets 1.5x-2x industry growth; Project Spring’s FY30 EBITDA margin range is 8%-10%.
Healthy H2 demand expected; no revenue growth forecast was given amid copper-price uncertainty.
EHV plant commissioning is expected in FY28; EPC mid-to-long-term margin expectation remains in the high single digits.
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Latest events from Polycab
- Revenue up 39% YoY, record profit, strong segment growth, and significant dividend payout.POLYCAB
Q1 26/27 - Record revenue, profit, and market share gains with higher dividend and key management changes.POLYCABQ4 25/26
- Record revenue and profit growth, resilient margins, and key board changes marked the quarter.POLYCABQ3 25/26
- Q2 FY26 delivered record revenue and profit growth, led by wires and cables and margin expansion.POLYCABQ2 25/26
- Revenue and profit surged year-over-year, led by Wires & Cables and FMEG, with margin expansion.POLYCABQ1 25/26
- Record Q2 FY25 revenue and PAT driven by strong segment growth and robust cash flow.POLYCABQ2 24/25
- Revenue up 21% YoY, but margins compressed and PAT flat amid business mix changes.POLYCABQ1 24/25
- Record revenue, robust segment growth, and ambitious five-year expansion strategy unveiled.POLYCABCorporate Presentation
- FY25 revenue and profit hit records, margins expanded, and a ₹35 dividend was proposed.POLYCABQ4 24/25
Next Polycab earnings date
Q3 26/2715 Jan, 2027
Polycab
Next Polycab earnings date
Q3 26/2715 Jan, 2027
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Frequently asked questions
Polycab India Limited, a fast moving electrical goods company, manufactures and sells wires and cables under the POLYCAB brand in India and internationally. It offers power cables, control and instrumentation cables, flexible/single core cables, building/house wires, thermocouple compensation/instrumentation cables, special cables, electrical/industrial rubber cables, aerial bunched cables, solar PV ribbon-high efficiency multicrystalline silicon photovoltaic module) cells primarily in domestic market. The company also manufactures electric fans; switches; switchgears; portable luminaries; wiring accessories; modular switches; wiring devices; distribution boards; flush mounted modules; industrial plugs and sockets; lighting solutions.