Slide 1: Corporate Presentation
Corporate Presentation May 2026
Slide 2: Content
Content ❑ Company Overview ❑ Macro Opportunities ❑ Leadership in Wires & Cables ❑ Well Established FMEG Business ❑ Strengthening Brand Recognition ❑ Strong Manufacturing and R&D capabilities ❑ Robust Financials ❑ Project Spring ❑ ESG ❑ Corporate Governance ❑ CSR ❑ Shareholding Pattern
Slide 3: Company Overview
Company Overview Polycab India Limited | Corporate Presentation 3
Slide 4: Polycab: A Snapshot
Polycab: A Snapshot #1 Manufacturer in India PAN India Network Well-footed FMEG player Market leader in Wires & Cables1 3,900+ Dealers & 10-year CAGR at 25% ~30-31% Share of Organized Distributors Market2 Well balanced product 1,90,000+ Retail Outlets portfolio: 5,200+ SKUs Manufacturing Footprint S
Slide 5: Our Journey
Our Journey Promoters Set up a facility Investment from Forayed into the Manufacturing of Commenced Long-term bank established IPO: Listing on for PVC insulated IFC of ₹ 4,018 Mn switches segment ceiling fans at BSE & NSE on 16 manufacturing facilities rating the business power cables house Roorkee,
Slide 6: Our Segments: An Overview
Our Segments: An Overview % of External Sales 87% Wires & Cables FY 26 Total 7% Revenue Fast Moving Electrical ₹ 288,838 Mn Goods 6% Engineering Procurement & Construction Polycab India Limited | Corporate Presentation 6
Slide 7: Key Management Initiatives to Create Value
Key Management Initiatives to Create Value Enhance Brand Awareness and Customer Loyalty Scale up International Business Improvement in Supply Chain Focus on Profitable growth Expansion of Manufacturing Capacity Governance & Performance based Culture Improvement in Production Process Working on Susta
Slide 8: i-POWER
i-POWER Purpose Values Connecting all to a brighter future Innovative mindset Giving wings to novel ideas Our innovative, safe and energy efficient products and Caring about our people and People at the core solutions delight our customers their growth Serving to create delightful Our vibrant and in
Slide 9: Macro Opportunities
Macro Opportunities Polycab India Limited | Corporate Presentation 9
Slide 10: Indian Wires & Cables Industry is Poised for Sustained Growth
Indian Wires & Cables Industry is Poised for Sustained Growth Indian Wires & Cables Industry projected to grow ~1.5-2x Real GDP (vs ~1.5x Real GDP historically) Indian Wires & Cables Market (₹ Bn): Key Demand Drivers: Robust Domestic Demand • Government’s thrust on infrastructure ~1.5-2x GDP • Incre
Slide 11: Power T&D expected to attract investments of ₹ 9 Tn+ over next 7 years
Power T&D expected to attract investments of ₹ 9 Tn+ over next 7 years India Installed Power Capacity (GW) Cumulative Transmission line network (‘000 ckm) Energy 800 648 80 140 504 Power T&D and Renewable 542 68 Energy Network Expansion 55 144 280 Driving Industry Growth 275 300 FY26E FY30E FY26 FY3
Slide 12: Government plans to increase Manufacturing Contribution to GDP to 25%
Government plans to increase Manufacturing Contribution to GDP to 25% Government outlay in electronics to be India production to see ~13%+ CAGR ~₹1,750 Bn Manufacturing 33 210 Production Linked SPECS PLI – IT Hardware (2.0) 170 146 Incentive Schemes (PLI) ECMS 400 PLI – Large Scale Electronics 387 a
Slide 13: Indian Real Estate Sector is expected to be $1Tn by 2030
Indian Real Estate Sector is expected to be $ 1Tn by 2030 from $200 Bn in 2021 Rapid Urbanization Fuels Residential Demand India Office Space – New Supply (Mn Sq Ft) Real Estate Cities With 1 Mn Plus Population Urbanization in India 63 59 Residential & Commercial 76 74 43% 40% 48 38 Real Estate Upcy
Slide 14: Growth led by public capex; Super Normal Growth in Sunrise Sectors
Growth led by public capex; Super Normal Growth in Sunrise Sectors Expected EV Sales (in Mn) Data Center Operational Capacity (in MW) 11.4 Mobility 2000-2,300 Mobility Infrastructure Under Massive Transformation to 950 Support Economic Growth 0.2 350 FY25E FY30E FY19 FY24 FY27E Source: Industry Repo
Slide 15: Global Wires & Cables Industry
Global Wires & Cables Industry Global Wires & Cables Industry projected to grow at ~7.4% to reach $410 Bn by 2030 Key Demand Drivers China + 1 Policy Data Centers and Digitization • Global Companies looking to diversify their supply • Global Data Center investments will be on a high chain away from
Slide 16: India's Growth Story to Propel FMEG Industry
India’s Growth Story to Propel FMEG Industry India’s Favorable Demographics & Macro-Economics to Drive Discretionary Spending India to Become 3rd Largest Economy, after USA & China Increase in Worker Population Ratio (WPR), thus India’s GDP to cross $5Tn mark by FY28 lowering dependency ratio • WPR
Slide 17: Leadership in Wires & Cables
Leadership in Wires & Cables Polycab India Limited | Corporate Presentation 17
Slide 18: Market Leader in Wires & Cables With a Diverse Portfolio
Market Leader in Wires & Cables With a Diverse Portfolio Polycab is the largest Wires and Cables manufacturer in India, with a Wide Customer Base across Industries… strong suite of products… Optical Fiber Power Cable Building Wires Power Oil and Gas Construction Cable FR (Flame Retardant) IT Park In
Slide 19: Dominant Position in Wires and Cables Industry
Dominant Position in Wires and Cables Industry Market Size ~ ₹ 1,000 Bn (~40–45% of the electrical equipment industry) Healthy Market Share Gains in Wires & Cables over the past few years Market Share in FY26(1) FY26 Wires & Cables Revenue(2) 30-31% 22-23% Polycab 252 Peer 1 112 2.2x Peer 2 87 2.9x
Slide 20: Powering India's Development
Powering India’s Development Jagannath Gupta Institute of Konkan Railway Corporation Medical Sciences & Hospital Unity Mall Agartala Smart City Infrastructure Commercial and Urban Development Specialized Projects − Railway (Konkan Railway Corporation, − Hospital (Sum Hospital, BASE Hospital, Medical
Slide 21: Economic Moat in Wires & Cables Business
Economic Moat in Wires & Cables Business Only Manufacturer of all types of Wires & Cables in India Polycab has the most extensive range of wires and cables in India, with ~10,000 SKUs and global certifications Strong Channel Relationships Superior Quality Products Strong relationships with channel p
Slide 22: Opportunities in Focus
Opportunities in Focus Supply Chain Diversification Certifications & Approvals Setting up Distribution Network India gaining from global Actively working on Looking to replicate distribution International Business search for supply chain certifications and product approvals for new countries. networ
Slide 23: Well Established FMEG Business
Well Established FMEG Business Polycab India Limited | Corporate Presentation 23
Slide 24: FMEG: Expanding presence in 'Electricals' ecosystem
FMEG: Expanding presence in ‘Electricals’ ecosystem FMEG is now a sizeable part of the business - growing at 25% CAGR in past 10 years Mobile App Forayed in FY14 ... ▪ Diversified portfolio with focus on the upcoming industry trends ▪ In-house Manufacturing ▪ Strong Backward Integration ▪ Pan India
Slide 25: High Growth Opportunity in the Indian FMEG Industry
High Growth Opportunity in the Indian FMEG Industry Macro drivers include evolving consumer aspirations, increasing awareness, rising income, rural electrification, urbanisation, digital connectivity, smart home solutions Fans & Appliances Switches LV Switchgear Lighting ₹ 175 Bn ₹ 110 Bn ₹ 30 Bn ₹
Slide 26: Growth Engine
Growth Engine Distribution Expansion Premiumization Increased focus on whitespaces where Leveraging product innovation and Polycab currently has little or no presence. brand building activities to drive sales Adopting alternate sales platforms like e- of premium products, which are commerce, modern
Slide 27: Strengthening Brand Recognition
Strengthening Brand Recognition Polycab India Limited | Corporate Presentation 27
Slide 28: Strong Brand Recognition in the Electricals Industry
Strong Brand Recognition in the Electricals Industry Our Brand Journey from B2B to B2C ‘Connection Zindagi Ka’ was a hit with customers- the impactful narrative with their minds and hearts Polycab and CNBC- TV18 initiative Corporate Ayushmann about Electrical Official Partner Commercial, Khurana (Ac
Slide 29: Strengthened Further Using Multi-Pronged Approach
Strengthened Further Using Multi-Pronged Approach Advertising and Sales Promotion Expenses ( ₹ Mn) 1,902 163 FY14 FY26 Multi-pronged Actively engage Loyalty Points via Increased Advertising approach to increase Dealers and Experts Program on Social Media and brand awareness Distributors Sales Promot
Slide 30: Pan-India Distribution Network to Support Diverse Customer Base
Pan-India Distribution Network to Support Diverse Customer Base and Product Categories By Product By Geography 32% West 22% 22% Wire & Cables South 3,900+ authorized dealers & distributers FMEG North Common 46% 22% East 25% 31% 2,900+ FMEG dealers and distributors pan- India 1,90,000+ retail outlets
Slide 31: Catering to Marquee Customers
Catering to Marquee Customers Total Revenue Contribution in FY26 Oil & Gas Top Customer 4% Top 5 Customers 13% Metal Export Top 10 Customers 21% Rest of the 79% Infrastructur Customers e Paints Revenue from International Business (% of total revenue) Chemicals Auto 12.4% 9.8% Cement Telecom 8.5% 8.0
Slide 32: Strong Manufacturing and R&D Capabilities
Strong Manufacturing and R&D Capabilities Polycab India Limited | Corporate Presentation 32
Slide 33: Inhouse Manufacturing with a High Degree of Backward Integration and Automation
Inhouse Manufacturing with a High Degree of Backward Integration and Automation… Multi-location manufacturing (Products1; Annual capacity) Roorkee Fans 3.0 Mn Halol Fan Manufacturing Unit Halol& Daman Wires & Cables 6 Mn kms Fans 6 Mn Nashik Switches 10 Mn Switchgears 24.4 Mn Pipes & Conduits: 24,60
Slide 34: Strong R&D & Innovation Capabilities with Quality Assurance
…Strong R&D & Innovation Capabilities with Quality Assurance Investments in in-house R&D capabilities with strong focus on Our Ecological Initiative backward integration • NABL ISO 17025 certified R&D centre to support own manufacturing • 90+ engineers and technicians Green Wire BLDC Fan • Centre of
Slide 35: Robust Financials
Robust Financials Polycab India Limited | Corporate Presentation 35
Slide 36: Proven Track Record of Financial Performance
Proven Track Record of Financial Performance Revenue (₹ Mn) EBITDA (₹ Mn) EBITDA Margin % PAT (₹ Mn) PAT Margin % 8.7% 8.4% 9.1% 10.0% 9.1% 9.4% 65,000 13.8% 13.9% 15. 0% 13.1% 13.2% 6.9% 12.8% 12.6% 6.3% 2,88,838 55,000 11.9% 13. 0% 27,084 10.3% 2,24,083 45,000 40,057 11. 0% 20,455 1,80,394 35,000
Slide 37: Proven Track Record of Financial Performance
Proven Track Record of Financial Performance ROCE/ROE (%) Debt/Equity ratio (times) Improving returns and surplus ROCE ROE ROCE Post Tax cash to fuel future growth 35. 0% 31.5% 0.10x 29.6% 28.6% 27.9% 30. 0% 26.4% 25.9% 25. 0% 22.6% 21.7% 23.6% 20.0% 20.7% 20.4% 19.4% 0.05x 20. 0% 18.5% 0.04x 15.4%
Slide 38: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars ( ₹ Mn) FY 2026 % FY 2025 % FY 2024 % FY 2023 Revenue from Operation 2,88,838 100.0% 2,24,083 100.0% 1,80,394 100.0% 1,41,078 Cost of Goods sold 2,15,816 74.7% 1,68,300 75.1% 1,32,803 73.6% 1,05,109 38 Contribution (A) 73,022 25.3% 55,783 24.9% 47,5
Slide 39: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars ( ₹ Mn) FY 2026 FY 2025 FY 2024 Particulars (₹ Mn) FY 2026 FY 2025 FY 2024 Assets Equity & Liabilities Non-Current Assets Shareholder's Funds 39 Fixed Assets 48,794 37,193 29,160 Share Capital 1,506 1,504 1,502 Non-current Deposits 392 465 58 Reserves and Surpl
Slide 40: Consolidated Annual Cash Flow Statement
Consolidated Annual Cash Flow Statement Particulars ( ₹ Mn) FY 2026 FY 2025 FY 2024 Net Cash Flow from Operating Activities 38,107 18,085 12,962 Net cash flow from/(used in) investing activities -28,497 -12,393 -7,519 Net cash flow from/(used in) financing activities -7,990 -6,283 -3,874 Net Increas
Slide 41: Pillars of Financial Assurance: Auditors & Credit Ratings
Pillars of Financial Assurance: Auditors & Credit Ratings Experienced Auditors Auditors Statutory Auditors Internal Auditors Cost Auditors Secretarial Auditors Auditors B S R & Co. LLP Ernst & Young LLP R. Nanabhoy & Co BNP & Associates Credit ratings Rating Agency Long Term Rating Short Term Rating
Slide 42: Key Highlights
Key Highlights Top-line Top-line Operating Operating Profitability Profitability Profitability (PAT) (Revenue) (Revenue) (EBITDA) (EBITDA) (PAT) (PAT) Q4FY26: 88,645 Mn Q4FY26: 11,613 Mn Q4FY26: 7,856 Mn 27% YoY 13% YoY 7% YoY 16% QoQ 20% QoQ 25% QoQ FY26: 2,88,838 Mn FY26: 40,057 Mn FY26: 27,084 Mn
Slide 43: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (₹ Mn) Q4FY26 % Q3FY26 % Q4FY25 % FY26 % FY25 % Revenue from Operations 88,645 100.0% 76,361 100.0% 69,858 100.0% 2,88,838 100.0% 2,24,083 100.0% Cost of Goods sold 67,867 76.6% 57,552 75.4% 52,053 74.5% 2,15,816 74.7% 1,68,300
Slide 44: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Mar-26 Dec-25 Mar-25 Particulars (₹ Mn) Mar-26 Dec-25 Mar-25 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 48,794 45,683 37,193 Share Capital 1,506 1,505 1,504 Non-current Deposits 392 450 465 Reserves and Surplus 1,18
Slide 45: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Quarter Year To Date Particulars (₹ Mn) Q4FY26 Q3FY26 Q4FY25 FY26 FY25 Net Cash Flow from Operating Activities 15,982 4,219 9,315 38,107 18,085 Net cash flow from/ (used in) investing activities -14,203 -4,861 -7,176 -28,497 -12,393 Net cash flow from/ (used in) fina
Slide 46: Other Financial Metrics
Other Financial Metrics Average Closing Working Capital Days Q4FY26 Q3FY26 Q4FY24 FY26 FY25 Q4FY26 Q3FY26 Q4FY24 FY26 FY25 Receivable Days 40 34 33 40 33 47 41 41 47 41 Inventory Days 78 94 91 78 91 94 101 101 94 101 Payable Days* 93 77 81 93 81 130 89 94 130 94 Net Working Capital 25 51 44 25 44 11
Slide 47: Project Spring
Project Spring Polycab India Limited | Corporate Presentation 47
Slide 48: Project LEAP: Goals Achieved Ahead of Committed Timeline
Project LEAP: Goals Achieved Ahead of Committed Timeline Polycab achieved its FY26 revenue target in FY25 itself FY21: Launched Project LEAP FY25: Completed Project LEAP Pillars of FY26 Achieved: ₹ 289 Bn Sales Project LEAP FY26 Target: ₹ 200 Bn Sales (>100% achieved) 350 Revenue (₹ Bn) 1.3 Energize
Slide 49: Project Spring
Project Spring S P R I N G Solidifying Innovation & Ramp-Up Market Propelling B2C Automation - Nurture Talent & Growing ESG International Leadership in Expansion Led Holistic Capabilities Integration Business B2B Development Driving Value Creation Across All Aspects of the Business Polycab India Lim
Slide 50: Pillars of Project Spring: International
Pillars of Project Spring A Multi-Year Journey Towards a Brighter, More Prosperous Future ❖ Transition to industry-focused verticals structure Leadership in Solidifying ❖ Pivoting from Product to Solutions Market B2B ❖ Secondary sales through focused demand generation ❖ Creating and Executing Winnin
Slide 51: Pillars of Project Spring: Development
Pillars of Project Spring A Multi-Year Journey Towards a Brighter, More Prosperous Future ❖ Elevate R&D Investments for Product Innovation Automation - Development Innovation & Led Holistic ❖ Optimize Supply Chain ❖ Digitization of processes across stakeholders Nurture Talent & ❖ Automation led Manu
Slide 52: Project Spring Update: Execution Momentum Building Up
Project Spring Update: Execution Momentum Building Up FY30 Guidance FY25 FY26 ~1.5x of Market Growth in Core ~1.5x 1.5x-2x segments Business W&C 11 – 13% Ahead of Guidance Ahead of Guidance Wires & Cables EBITDA >10% 6.0% 5.4% Contribution from Exports 1.5x – 2x ~3x ~3x-4x Business FMEG of Market Gr
Slide 53: ESG
ESG Polycab India Limited | Corporate Presentation 53
Slide 54: Polycab ESG: Journey so far
Polycab ESG: Journey so far 2024 2026 2020 2022 • Climate Risk Assessment • Materiality • GHG Inventorization • Double Annual Report + Business 2021 Assessment 2023 2025 Materiality Assessment • GRI Limited • BRSR Core- Responsibility Assurance Reasonable • Review of Report (BRR) Assurance Policies
Slide 55: Polycab ESG: Double Materiality Matrix & Governance Mechanism
Polycab ESG: Double Materiality Matrix & Governance Mechanism • Our innovative, safe and energy efficient products and solutions delight our customers Polycab’s Purpose – • Our vibrant and inclusive culture leads to deep connections, value creation and growth for our “Connecting All to a Brighter Fu
Slide 56: Polycab ESG: Goals for 2030
Polycab ESG: Goals for 2030 Environment Social Governance At least 1 Aim For 50% Zero 30% 11% 30 Hrs* 1 Mn 100% 15%1 Renewable Waste to Landfill Net Zero Recycle Water Permanent Training per Zero Lives Positively Strategic Women’s electricity Usage Women Employee per Impacted through Suppliers to be
Slide 57: Corporate Governance
Corporate Governance Polycab India Limited | Corporate Presentation 57
Slide 58: Leadership Team - Board of Directors
Leadership Team - Board of Directors Inder T Jaisinghani Bharat A Jaisinghani Nikhil R Jaisinghani Vijay Pandey Chairman and Managing Director Joint Managing Director Joint Managing Director Executive Director R C R S R S C TP Ostwal Sutapa Banerjee Manju Agarwal Bhaskar Sharma Sumit Malhotra Indepe
Slide 59: Leadership Team - Management
Leadership Team - Management ▪ Blend of Entrepreneurial and Professional Management ▪ Professionals with Prior Experience in Bajaj, CEAT, Havells, Tata Group, Vedanta etc. ▪ Vision to Execute Strategies in a Dynamic Environment ▪ Extensive Relationships and Deep Business Understanding Anil Hariani A
Slide 60: CSR
CSR Polycab India Limited | Corporate Presentation 60
Slide 61: Our Social Responsibility – A Philosophy of Empathetic Care
Our Social Responsibility – A Philosophy of Empathetic Care Health Education Rural development Set-up malnutrition camps for girls of Construction and renovation of Promoting natural farming to 7 yrs to 19 yrs; provided nutrition Anganwadis enhance soil health, reduce chemical supplements use, and i
Slide 62: Shareholding Pattern
Shareholding Pattern Polycab India Limited | Corporate Presentation 62
Slide 63: Shareholding Pattern: FY26
Shareholding Pattern: FY26 12% 3% Promoter 5% FII DII QIB + AIF FY26 Others 18% 61% Note: As on 31st March 2026. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Foreign Corporate Bodies". QIB/ AIF stands f
Slide 64: Market Cap and Shareholder Returns Since Listing
-100 1,100 1,300 100 300 500 700 1,500 900 Apr'19 May'19 Jun'19 Jul'19 Aug'19 Sep'19 Oct'19 Nov'19 Dec'19 Jan'20 Feb'20 Mar'20 Apr'20 May'20 Jun'20 Jul'20 Market Cap Aug'20 Sep'20 Oct'20 (as of 15th March 2026) Nov'20 Dec'20 Jan'21 Feb'21 Mar'21 Polycab India Limited | Corporate Presentation Apr'21
Slide 65: Safe Harbour
Safe Harbour This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expression
Slide 66: Thank You
THANK YOU Polycab India Limited Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com