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'Hold' Polycab Shares Maintains Nirmal Bang, Says Execution, Favorable Industry Tailwinds To Drive Growth
Nirmal Bang remains structurally positive on Polycab’s long-term prospects, viewing it as a strong compounder that should be accumulated on dips.
09 Jul 2025, 01:42 PM IST 
Polycab registered its highest-ever consolidated revenue at Rs~224 billion and PAT at Rs 20 billion in FY25, supported by healthy volume growth in the W&C and FMEG businesses. (Photo source: Company website)
Polycab reinforced its leadership in the Indian wires and cables market in FY25, expanding its share of the organized segment between26–27%, up by 100 bps YoY. W&C revenue grew ~20% during the year, significantly outpacing industry growth of ~12%.
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