Guidance ledger · Q4 FY26

Polycab India Ltd POLYCAB

3 revisions on record · 0 lowered · 2 raised — the strikethrough is what management used to say

gives specific guidance · held across quarters

Holding view → · latest concall · The pulse

→ narrowed W&C EBITDA margin guidance (long-term FY30) Q1 FY26 → Q4 FY26

~~11% to 13% (Q1FY26)~~ → 11% to 13% long term; 12% to 14% near-to-mid term

“expect 11% to 13% EBITDA margin. and in the near to mid term, we may expect 12% to 14%”

↑ raised Domestic W&C market share (organized) Q1 FY26 → Q4 FY26

~~26% to 27% (FY25 exit)~~ → 30-31% (FY26 exit)

“Our domestic wires and cable organized market share has now increased to 30-31% up from 18-19% in financial year 2019”

↑ raised Capex pace and 5-year envelope Q1 FY26 → Q4 FY26

~~INR 1,200 - 1,600 cr/yr; INR 6,000-8,000 cr 5-yr~~ → INR 14.8 bn FY26 actual; INR 60-80 bn over next 5 years recommitted

“we've invested almost INR 1,500 crores, massive number”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.