Polycab India Q2 FY25: Strong demand boosts wire & cable business growth
Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped to 12.3%, impacted by increased competition and…