India’s wires and cables sector is expected to deliver healthy performance in Q2 FY27. Brokerages see strong demand, higher copper and aluminium prices being passed on, and value-led growth supporting earnings. Diamond Power and Finolex are projected to outperform peers, while Polycab and KEI continue to show solid expansion.
Polycab India may report revenue growth of nearly 39% year on year across cables, wires, FMEG and EPC. Its EBITDA is likely to rise 20% with margins at 13.6%, while profit growth could be 22%. KEI Industries is expected to post 27% revenue growth, 48% EBITDA growth and 40% profit growth, with margins improving to 11.5%.
RR Kabel is seen recording 39% revenue growth and 48% EBITDA growth, though profit may fall 16% sequentially despite strong FMEG sales. Finolex Cables is likely to post 38% revenue growth led by electrical and communication segments, with margins at 10.9% and profit growth of 10%. Diamond Power Infrastructure is expected to benefit from strong MT and HT demand, with margins at 11.2% and sustained profitability.
Overall, the sector remains resilient with double digit growth across major players. Analysts believe value-led expansion and strong demand will keep momentum intact in Q2 FY27, making cables and wires stocks attractive for investors.
