Moneycontrol PRO

Polycab India: Encouraging consumer sentiment to drive recovery

Polycab is well positioned to gain from premiumisation and economies of scale that will lead to significant margin expansion and improved profitability

October 29, 2020 / 08:44 PM IST
Polycab India: Encouraging consumer sentiment to drive recovery

Polycab India | India Ratings has upgraded the long term rating from 'AA' to 'AA+.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Wire and cables manufacturer Polycab India had a resilient Q2 FY21. With consumer sentiment recovering quite strongly after the initial drop, the business is showing encouraging signs of getting back on its feet. Quarterly result highlights Polycab India’s Q2 revenues declined 6 per cent year on year (YoY) to Rs 2,114 crore. The easing of lockdown restrictions and a pick-up in consumer sentiments supported the top line in the quarter gone by. The earnings before interest, taxes, depreciation and amortisation (EBITDA)...

  • PRO Panorama

    Moneycontrol Pro Panorama | Move over bulls, bears are in control

    May 19, 2022 / 05:32 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Congress faces an acid test, Manappuram Finance’s losing sheen, ITC plays to its advantage, Start-up Street and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Losing faith

    May 7, 2022 / 10:05 AM IST

    Central banks have a trust problem with financial markets over their ability to steer economies towards a soft landing

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers