Polycab (POLYCAB) Corporate Presentation summary

Financial Performance Highlights

• Achieved record Q3 and nine-month revenue, surpassing INR 210 billion in CY2024, two years ahead of guidance.

• Q3 FY25 consolidated revenue grew 20% YoY to INR 52,261Mn; EBITDA up 26% YoY to INR 7,199Mn with margin improvement to 13.8%.

• PAT reached an all-time Q3 high of INR 4,643 million, with a margin of 8.9%.

• CapEx for Q3 FY25 was INR 2.5 billion, totaling INR 8.3 billion for 9M FY25, in line with annual guidance.

• Net cash position at INR 17.1 billion; working capital cycle at 51 days.

Company Overview and Market Position

• Leading manufacturer in India's wires and cables market with a 25-26% organized market share and 3,800+ dealers, 205,000+ retail outlets.

• Diverse product portfolio with 6,000+ SKUs and strong backward integration across 28 facilities in 7 locations.

• FMEG business growing at 25% CAGR over 8 years, leveraging synergies in manufacturing and distribution.

• Five-year CAGR: revenue 18%, EBITDA 21%, PAT 29%, reflecting robust financial performance.

• Blend of entrepreneurial and professional management with proven execution and deep industry relationships.

Segmental and Business Updates

• Wires and cables segment grew 12% YoY in Q3; international business grew 62% YoY, now 8.3% of Q3 revenue.

• FMEG business grew 45% YoY, driven by channel expansion, new SKUs, and improved margins.

• EPC business revenue doubled YoY in Q3, with segmental margins at 11.3%.

• Lighting segment benefited from festival demand and business initiatives; growth expected to continue.

• CapEx focus remains on cables and wires, with FMEG expansion as needed.