External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>The industry witnessed an improvement in consumer sentiment manifested in the higher demand recovery seen in seasonal products such as ACs, coolers, fans, and refrigerators</li><li>While Jan’22 and Feb’22 witnessed moderate demand, Mar’22 witnessed strong volumes</li><li>OUR TOP PLAYS Positive: Amber Enterprises, Polycab India Negative: Symphony Ltd</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The industry witnessed an improvement in consumer sentiment manifested in the higher demand recovery seen in seasonal products such as ACs, coolers, fans, and refrigeratorsWhile Jan’22 and Feb’22 witnessed moderate demand, Mar’22 witnessed strong volumesOUR TOP PLAYS Positive: Amber Enterprises, Polycab India Negative: Symphony LtdContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Consumer Durables: Margin Pressure Continues; Growth Recovering

Equity Bottom-Up

<ul><li>Polycab has maintained a leadership position in the organized C&amp;W segment with a leading market share.</li><li>With a strong network and re-aligned distribution strategy aided by strong brand recall, the company continues to gain market share in Wires &amp; Cables and improved performance in the FMEG business.</li><li>The management expects strong traction in domestic Cables &amp; Wires, increasing contribution from exports and strong demand led by government spends, private Capex, and increasing real estate demand.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Polycab has maintained a leadership position in the organized C&amp;W segment with a leading market share.With a strong network and re-aligned distribution strategy aided by strong brand recall, the company continues to gain market share in Wires &amp; Cables and improved performance in the FMEG business.The management expects strong traction in domestic Cables &amp; Wires, increasing contribution from exports and strong demand led by government spends, private Capex, and increasing real estate demand.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Polycab India - Sustained Growth Momentum

<ul><li>Strong growth in C&amp;W while FMEG witnessed muted growth: Polycab India reported revenues of Rs 3,889 Cr, up 42% YoY, far exceeding our expectations of Rs 3,125 Cr.</li><li>Revenues growth was driven by healthy volume growth in the Cables &amp; Wires segment supported by strong traction in international business.</li><li>Cables &amp; Wires revenue for the quarter grew by 46% YoY to Rs 3,534 Cr, while the FMEG segment grew 3% QoQ during the quarter.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Strong growth in C&amp;W while FMEG witnessed muted growth: Polycab India reported revenues of Rs 3,889 Cr, up 42% YoY, far exceeding our expectations of Rs 3,125 Cr.Revenues growth was driven by healthy volume growth in the Cables &amp; Wires segment supported by strong traction in international business.Cables &amp; Wires revenue for the quarter grew by 46% YoY to Rs 3,534 Cr, while the FMEG segment grew 3% QoQ during the quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Polycab India - Robust Growth Led by Strong Demand Environment

<ul><li>Polycab India reported revenues of Rs 4,324 Cr up 8.9% YoY better than our expectations of Rs 4,184 Cr.</li><li>Growth in revenues during the quarter was driven by healthy volume growth in the Cables &amp; Wires segment supported by strong traction in international business.</li><li>Cables &amp; Wires revenue for the quarter grew by 12% YoY to Rs 4,078 Cr . FMEG segment de- grew 11% QoQ during the quarter.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Polycab India reported revenues of Rs 4,324 Cr up 8.9% YoY better than our expectations of Rs 4,184 Cr.Growth in revenues during the quarter was driven by healthy volume growth in the Cables &amp; Wires segment supported by strong traction in international business.Cables &amp; Wires revenue for the quarter grew by 12% YoY to Rs 4,078 Cr . FMEG segment de- grew 11% QoQ during the quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Polycab India - Strong Performance by Cable & Wire Continues

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul>
<li>Polycab is the largest manufacturer of wire &amp; cable in India.</li>
<li>The company also entered the fast moving electrical goods (FMEG) space in 2014 and has recorded strong segment revenue CAGR of 32% in the last five years.</li>
<li>Polycab is the market leader in the wire &amp; cable business with organised market share of 22-24%.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Polycab is the largest manufacturer of wire &amp; cable in India.
The company also entered the fast moving electrical goods (FMEG) space in 2014 and has recorded strong segment revenue CAGR of 32% in the last five years.
Polycab is the market leader in the wire &amp; cable business with organised market share of 22-24%.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Polycab India - Core Segment Drives Performance…

India

Polycab India Ltd. is India's largest manufacturer of wires and cables, and a prominent player in the Fast Moving Electrical Goods (FMEG) industry, offering products such as electric fans, LED lighting, switches, switchgear, and solar products. The company also operates in the Engineering, Procurement, and Construction (EPC) sector, specializing in power distribution and rural electrification projects. Polycab India is headquartered in Mumbai, India, and was incorporated in 1996.

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Polycab India (POLYCAB IN)

Consumer Durables: Margin Pressure Continues; Growth Recovering

The industry witnessed an improvement in consumer sentiment manifested in the higher demand recovery seen in seasonal products such as ACs,...

Axis Direct

Polycab India - Sustained Growth Momentum

The management expects strong traction in domestic Cables & Wires, increasing contribution from exports and strong demand led by government spends,...

Axis Direct

Polycab India - Robust Growth Led by Strong Demand Environment

Strong growth in C&W while FMEG witnessed muted growth: Polycab India reported revenues of Rs 3,889 Cr, up 42% YoY, far exceeding our expectations...

Axis Direct

Polycab India - Strong Performance by Cable & Wire Continues

Growth in revenues during the quarter was driven by healthy volume growth in the Cables & Wires segment supported by strong traction in...

Axis Direct

Polycab India - Core Segment Drives Performance…

The company also entered the fast moving electrical goods (FMEG) space in 2014 and has recorded strong segment revenue CAGR of 32% in the last five...

ICICI Securities Limited

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