Polycab India Ltd shares fell approximately 4% in early Friday trading, dismissing a robust first-quarter fiscal 2027 performance.
The decline highlights the persistent sensitivity of the cables and wires business to raw material cost fluctuations, even as top-line figures expanded significantly.
Consolidated revenues for the June quarter rose 39% year-on-year to ₹8,210 crore.
Consolidated revenues for the June quarter rose 39% year-on-year to ₹8,210 crore.
The growth was primarily volume-driven, supported by higher copper prices during the period.
However, the market reaction suggests investors are focused on the forward-looking implications of recent commodity price movements rather than the reported historical results.
According to Livemint, sharp declines in copper and aluminium prices in June led dealers to postpone purchases.