Sustained growth In fast moving electronics, higher B2C mix to aid Polycab

After reporting better-than-expected results in the third quarter, analysts have increased their earnings estimates for Polycab India.  They cite sustained growth in the fast-moving electrical goods (FMEG) segment, higher business-to-consumer (B2C) mix, and market share gains as key reasons for the upgrade.   Revenue in the third quarter (Q3) grew nearly 12 per cent year-on-year (YoY) to Rs 2,799 crore, driven by 6 per cent and 41 per cent growth in wires & cables and FMEG sales, respectively. Operating margins remained steady, while net profit rose 19 per cent, aided by c.....

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