POLYCAB

What Polycab India promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 3 delivered 1 missed 7 open
  • FMEG EBITDA Margin delivered said Q1 FY26 Promised: 8% to 10% by FY30 Q1 FY27: Q1 FMEG EBIT margin reached 8.0%. As EBITDA is higher, this performance meets the low end of the FY30 target range. Management now expects to achieve 8-10% EBITDA for the full year FY27.
  • EHV Plant Revenue went quiet said Q1 FY26 Promised: Meaningful revenue accrual in FY28 Q1 FY27: No update provided on the EHV plant timeline or commissioning status.
  • Export Contribution to Revenue at risk said Q2 FY26 Promised: >10% by FY2030 Q1 FY27: International business declined YoY due to geopolitical issues. This continues the negative trend from Q4 FY26, moving further away from the >10% by FY30 target.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 11 tracked commitments for Polycab India — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens