For Polycab India Ltd, FY25 is shaping up to be an eventful year. Consolidated revenue for the half year ended September (H1 FY25) surged nearly 26% year-on-year to about â¹10,200 crore. With this, Polycab is on track to achieve its revenue target a year ahead of schedule. Under its Project LEAP initiative, the company had aimed to reach â¹20,000 crore in revenue by FY26.
"There were some apprehensions that Polycab's revenue growth would slow down given the high base, but it has delivered on growth thanks to strong demand," said Harshit Kapadia, analyst at Elara Securities.
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