Polycab India Q1 Review - Growth Strategy Intact: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Polycab India Ltd. posted revenue growth of 47.5% in Q1 FY23, despite subdued retail demand in June 2022, as dealers resorted to inventory destocking owing to significant correction in commodity prices. With stability in prices in one to two months and upcoming festive season, inventory levels are expected to normalise, which will support demand revival in H2 FY23. Polycab's wires and cables segment grew 47.9% in Q1 (three year compound annual growth rate of 14%) led by ~32% YoY volume growth and ~15% pricing actions. Notably, volumes also surpassed pre-pandemic levels in Q1.Ebitda margin performance (up 400 basis points to 11.4%) was encouraging despite volatility in metal prices, supported by calibrated price hikes and better operating leverage..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Polycab India Q1 Review - Growth Strategy Intact: Dolat Capital

Polycab India Q1 Review - Growth Strategy Intact: Dolat Capital

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