Polycab: Healthy growth in Q3 courtesy consumer demand, distribution expansion, better product mix and price hikes, says ICICI Securities
ICICI Securities highlights that Polycab’s consolidated revenue increased by 12% YoY at Rs 2799 cr led by 11% YoY growth in the wires & cables business to Rs 2407 cr. Business from distribution channels saw healthy double -digit growth however institutional business continues to face headwinds. On the FEMG front, revenues were up by 41% YoY at Rs 306 cr on the back of buoyant consumer demand, distribution expansion, better product mix and price hikes.
Business from distribution channels saw healthy double -digit growth however institutional business continues to face headwinds: