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54% Revenue Growth in Q1 FY27; FMEG Segment Achieves Operational Breakeven
RR Kabel reported a robust Q1 FY27 with revenue growing 54% YoY to ₹3,168 crore and PAT more than doubling to ₹205 crore. The core Wires & Cables segment saw 17% volume growth, with the cable sub-segment growing over 25% due to B2B and infrastructure demand. Crucially, the FMEG segment reached operational breakeven for the first time, supported by 28% revenue growth and premiumization. The company is on track with its 'Project RRise' capex, planning ₹650 crore investment in FY27.
Confidence: HIGH
What changedThe company has successfully turned its FMEG business to operational breakeven and is seeing faster growth in the higher-value B2B cable segment.
Why it mattersFMEG breakeven removes a significant margin drag, while the shift toward B2B cables diversifies the revenue base beyond retail housing wires.
Q1 Revenue: ₹3,168 crQ1 PAT: ₹205 crFY27 Capex: ₹650 crFY27 Capex vs TTM Revenue: 6.68%W&C Volume Growth: 17%Net Working Capital: 50 days
📅 Short termThe stock may react positively to the strong earnings beat and the milestone of FMEG breakeven.
📈 Long termStructural growth is supported by the ₹1,200 crore capex plan and a target of 18-25% CAGR through FY28 under Project RRise.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Volatility in Copper and Aluminum prices (raw materials are 76.6% of revenue)
- Global supply chain disruptions affecting exports (27% of revenue)
- Seasonality in FMEG demand during Q2
Key Highlights
Revenue increased 54% YoY to ₹3,168 crore, the highest ever quarterly performance.
FMEG segment achieved operational breakeven compared to a loss of ₹7 crore in Q1 FY26.
Wires & Cables segment margins expanded to 9.9% from 7.6% in the previous year.
Planned capex of ₹650 crore for FY27 as part of the ₹1,200 crore Project RRise through FY28.
Cables volume growth exceeded 25%, significantly outpacing the 12% growth in wires.
👀 What to Watch
Investors should monitor the sustainability of FMEG profitability in the seasonally weaker Q2 and the timely commissioning of new capacities in Silvassa expected this quarter.
129% PAT Growth: RR Kabel Reports Record Q1 FY27 Revenue of ₹3,168 Cr
RR Kabel delivered a robust Q1 FY27 performance with consolidated revenue growing 54% YoY to ₹3,168.2 Cr, significantly outperforming its historical TTM run rate. Profit After Tax (PAT) surged 129% YoY to ₹205.2 Cr, driven by a 205 bps expansion in EBITDA margins to 9.0%. A critical milestone was achieved as the FMEG segment reached operational breakeven, while the core Wires & Cables (W&C) segment grew 57% YoY. The quarterly PAT of ₹205.2 Cr represents approximately 41.7% of the entire previous TTM PAT, indicating a sharp acceleration in profitability.
Confidence: HIGH
What changedRR Kabel has transitioned its FMEG segment from a loss-making drag to operational breakeven while simultaneously accelerating growth in its core W&C business.
Why it mattersThe results demonstrate strong operating leverage and successful execution of 'Project RRISE'. Reaching breakeven in FMEG removes a major profitability headwind, potentially leading to a valuation re-rating if sustained.
Q1 FY27 Revenue: ₹3,168.2 CrQ1 Revenue vs TTM Revenue: 32.6%PAT Growth (YoY): 129%EBITDA Margin: 9.0%W&C Segment Growth: 57%Exceptional Gain: ₹13.8 Cr
📅 Short termThe stock is likely to react positively to the significant beat in PAT and the milestone of FMEG breakeven, which were key investor concerns.
📈 Long termStructural improvement in margins through premiumization and scale in FMEG supports the company's long-term target of 18-25% growth and improved ROCE.
⚠ Risk flags
- Volatility in global Copper and Aluminum prices
- High valuation (P/E 57.3) leaves little room for execution misses
- Intense competition in the organized cable market
Key Highlights
Consolidated revenue increased 54% YoY to ₹3,168.2 Cr, driven by strong volume growth in Wires & Cables.
Operating EBITDA doubled (up 99%) to ₹285.3 Cr, with margins expanding from 7.0% to 9.0% YoY.
Wires & Cables segment revenue grew 57% YoY with segment margins expanding by 232 bps.
FMEG business achieved operational breakeven, marking a significant turnaround for the division.
Profit After Tax grew 129% YoY to ₹205.2 Cr, including an exceptional gain of ₹13.8 Cr.
👀 What to Watch
Investors should monitor if the 9% EBITDA margin is sustainable across the fiscal year and track the FMEG segment's ability to maintain profitability. Watch for raw material price trends (Copper/Aluminum) as they constitute over 76% of revenue and directly impact margins.
RRKABEL Q1 FY27: 54% Revenue Growth to ₹3,168 Cr; PAT Surges 129% YoY
RRKABEL reported its highest-ever quarterly revenue of ₹3,168.2 cr for Q1 FY27, a 54% YoY increase driven by robust domestic demand and export growth. Profitability saw a significant jump with EBITDA doubling to ₹285.3 cr and PAT surging 129% to ₹205.2 cr. The core Wires & Cables segment grew 57% YoY, while the FMEG segment achieved a key milestone by reaching operational breakeven. EBITDA margins expanded by 205 bps YoY to 9.0%, reflecting improved product mix and cost efficiencies.
Confidence: HIGH
What changedThe company achieved record quarterly performance with EBITDA doubling and the FMEG business turning operationally profitable for the first time.
Why it mattersThis performance validates the company's 'Project RRISE' strategy and demonstrates strong operating leverage, particularly as the FMEG segment stops being a drag on consolidated margins.
Q1 FY27 Revenue: ₹3,168.2 crRevenue Growth (YoY): 54%EBITDA Margin: 9.0%PAT Growth (YoY): 129%Inventory Days (Jun-26): 67 daysExport Revenue Mix: 29%
📅 Short termThe stock is likely to react positively to the significant beat in profitability and the milestone of FMEG breakeven.
📈 Long termStructural growth remains strong with a target CAGR of 18-25% through FY28; sustained margin expansion in W&C and scaling FMEG are the primary long-term value drivers.
⚠ Risk flags
- Volatility in global commodity prices (Copper/Aluminum)
- Increase in inventory days to 67 from 56 in FY25
- High valuation with a P/E of 57.3
Key Highlights
Highest-ever quarterly revenue of ₹3,168.2 cr, up 54% YoY and representing ~32.6% of FY26 total revenue
PAT surged 129% YoY to ₹205.2 cr, with PAT margins improving by 212 bps to 6.5%
Wires & Cables segment revenue grew 57% YoY to ₹2,880.0 cr with segment margins expanding to 9.9%
FMEG segment achieved operational breakeven on revenue of ₹288.2 cr, which grew 28% YoY
Exports contributed 29% to the total revenue mix, maintaining a strong international presence
👀 What to Watch
Investors should monitor the sustainability of the 9% EBITDA margin and the scaling of the FMEG segment now that it has reached breakeven. Key variables to watch include global copper and aluminum price trends, as raw materials historically constitute over 75% of revenue.
RRKABEL Q1 Results: Net Profit Jumps 126% YoY to ₹203 Cr; Revenue Up 54% to ₹3,168 Cr
RR Kabel reported a robust performance for Q1 FY27, with revenue from operations surging 53.9% YoY to ₹3,168.2 cr. Net profit grew by 126.2% YoY to ₹203.1 cr, significantly outpacing revenue growth due to improved operating leverage. The core Wires & Cables segment remains the primary driver, growing 57% YoY, while the FMEG segment reached a breakeven point at the segment result level. An exceptional charge of ₹13.8 cr was recorded for the statutory impact of new labour codes.
Confidence: HIGH
What changedThe company delivered a significant earnings beat with triple-digit profit growth and achieved breakeven in its FMEG segment, which was previously loss-making.
Why it mattersThe results demonstrate strong execution in the core Wires & Cables business and progress in the 'Project RRISE' strategy, which targets high CAGR through FY28.
Revenue (Q1 FY27): ₹3,168.2 crNet Profit (Q1 FY27): ₹203.1 crRevenue vs TTM Revenue: 32.6%Wires & Cables Segment Revenue: ₹2,880 crExceptional Item (Labour Codes): ₹13.8 cr
📅 Short termThe stock is likely to react positively in the short term due to the strong YoY growth in both top and bottom lines and the improvement in FMEG margins.
📈 Long termStructural growth remains strong as the company expands its B2B cable capacity and retail footprint, though new environmental regulations (EPR) present a minor regulatory cost risk.
⚠ Risk flags
- Unquantified financial impact of new EPR recycling rules effective April 2026
- Volatility in raw material prices (Copper/Aluminum) which constitute 76.6% of revenue
Key Highlights
Revenue from operations increased 53.9% YoY to ₹3,168.2 cr from ₹2,058.6 cr.
Net profit surged 126.2% YoY to ₹203.1 cr, compared to ₹89.8 cr in the same quarter last year.
Wires & Cables segment revenue grew to ₹2,880 cr, representing 91% of total revenue.
FMEG segment reached breakeven (₹0.0 cr) at the segment result level, improving from a ₹7.1 cr loss YoY.
Exceptional item of ₹13.8 cr recognized due to the statutory impact of new labour codes.
👀 What to Watch
Monitor the upcoming operational guidelines for Extended Producer Responsibility (EPR) on metal recycling, as the financial impact is currently unquantified. Watch for sustained profitability in the FMEG segment to see if the breakeven performance is a permanent trend.
RR Kabel FY26 BRSR: Exports Reach 26.2% of Revenue and Renewable Energy Share Hits 48%
RR Kabel Limited has released its Business Responsibility and Sustainability Report for FY 2025-26, reporting a total turnover of INR 9,722.36 crore and a net worth of INR 2,562.21 crore. The company's export contribution stands at 26.2%, serving 49 countries, while the core Wires & Cables segment accounts for 90% of total revenue. Significant ESG progress was noted, with renewable energy usage at the Waghodia plant increasing to 48% from 29% in the previous year. The company is also pursuing Science-Based Targets (SBTi) and has initiated Life Cycle Assessments for 50% of its export portfolio.
Key Highlights
Total turnover for FY 2025-26 reached INR 9,722.36 crore with a net worth of INR 2,562.21 crore.
Exports contributed 26.2% of total revenue, with products supplied to over 49 countries worldwide.
Renewable energy share at the Waghodia facility increased significantly to 48% from 29% in FY 2024-25.
Wires & Cables segment accounts for 90% of turnover, while the FMEG segment contributes the remaining 10%.
Energy efficiency initiatives resulted in estimated annual savings of 1,22,290 kWh during the reporting period.
👀 What to Watch
Investors should view the increasing export share and robust ESG framework as positive indicators for long-term sustainability and international competitiveness. Monitor the scaling of the FMEG segment and the impact of green certifications on future export margins.
RR Kabel Proposes ₹5.50 Final Dividend and Elevates Kabra Brothers to Joint MDs
R R Kabel has scheduled its 32nd AGM for July 15, 2026, to approve a final dividend of ₹5.50 per share, bringing the total FY26 payout to ₹9.50. The company is seeking shareholder approval to elevate Mahhesh Kabra and Rajesh Kabra to Joint Managing Directors and revise the remuneration for Managing Director Mahendrakumar Kabra. Additionally, a ₹90 lakh commission is proposed for the Independent Chairman, and the board is seeking to enhance borrowing limits. These changes reflect a significant restructuring of the top management and compensation framework.
Key Highlights
Proposed final dividend of ₹5.50 per share (FV ₹5), resulting in a total FY26 dividend of ₹9.50.
Redesignation of Executive Directors Mahhesh Kabra and Rajesh Kabra as Joint Managing Directors effective June 1, 2026.
Approval sought for ₹90,00,000 commission to Chairman Ramesh D. Chandak for FY 2026-27.
Revision of remuneration for promoter-group Executive Directors, which may exceed 5% of net profits.
Proposal to enhance the company's borrowing limits to support future financial requirements.
👀 What to Watch
Investors should approve of the healthy dividend payout and monitor the impact of increased executive remuneration on net margins. The elevation of promoter-directors to Joint MD roles suggests a long-term leadership transition plan.
RR Kabel Elevates Mahhesh and Rajesh Kabra to Joint Managing Directors
R R Kabel Limited has approved the redesignation of two Whole-time Directors, Shri Mahhesh Kabra and Shri Rajesh Kabra, as Joint Managing Directors effective June 1, 2026. Mahhesh Kabra brings over 26 years of electrical industry experience, while Rajesh Kabra previously led India's largest automated car parking systems provider. Both will now serve as Key Managerial Personnel (KMP), subject to shareholder approval at the upcoming AGM. This move signifies a leadership consolidation within the promoter family to drive future business growth.
Key Highlights
Shri Mahhesh Kabra redesignated from Executive Director to Joint Managing Director effective June 1, 2026.
Shri Rajesh Kabra redesignated from Executive Director to Joint Managing Director effective June 1, 2026.
Both individuals will be designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act.
Mahhesh Kabra possesses over 26 years of extensive experience in the electrical industry.
The appointments are subject to the approval of shareholders at the ensuing Annual General Meeting.
👀 What to Watch
This is a leadership transition within the promoter family and is likely intended to streamline management responsibilities. Investors should monitor for any changes in operational strategy following these appointments but no immediate action is required.
RR Kabel Reports Strong FY26 Results: Revenue Up 27.6% to ₹9,722 Cr, PAT Jumps 58%
R R Kabel delivered its highest-ever quarterly and annual revenue in FY26, with annual revenue reaching ₹9,722.4 crores, a 27.6% YoY growth. The company's profitability saw a significant boost, with FY26 PAT rising 58% to ₹492.2 crores and EBITDA margins improving by 130 basis points. The Board approved a final dividend of ₹5.50 per share, bringing the total FY26 dividend to ₹9.50. While the Wires & Cables segment remains the primary driver, the FMEG segment is on track to achieve breakeven in FY27.
Key Highlights
FY26 Revenue grew 27.6% YoY to ₹9,722.4 crores, with Q4 revenue up 33.7% to ₹2,964.1 crores
Annual PAT surged 58% to ₹492.2 crores, while Q4 PAT increased 30.1% to ₹168 crores
Wires & Cables segment revenue grew 31% for the full year, contributing 90% of total revenue
Company announced a total dividend of ₹9.50 per share for FY26
A ₹1,200 crore capex program is underway for FY26-FY28 to expand capacity and improve efficiency
👀 What to Watch
Investors should view the strong volume growth and margin expansion as a sign of efficient execution; monitor the FMEG segment's progress toward breakeven in FY27 as a key catalyst for further valuation rerating.
RR Kabel Sets June 16 as Record Date for ₹5.50 Final Dividend
R R Kabel Limited has officially fixed Tuesday, June 16, 2026, as the record date for its final dividend for the financial year 2025-26. The company has proposed a dividend of ₹5.50 per equity share, which translates to 110% of the face value. This payout is subject to the approval of shareholders at the upcoming general meeting. Investors must hold the shares in their demat accounts by the record date to be eligible for the payment.
Key Highlights
Final dividend of ₹5.50 per equity share announced for FY 2025-26
Dividend payout represents 110% of the face value of the shares
Record date for determining eligibility fixed as June 16, 2026
Payment is subject to mandatory shareholder approval
👀 What to Watch
Investors seeking to receive the dividend should ensure they purchase or hold the stock before the ex-dividend date. Long-term investors should view this as a positive sign of the company's cash flow and commitment to shareholder returns.
RRKABEL FY26 Revenue Crosses $1 Billion; Annual PAT Surges 58% to ₹492 Crore
R R Kabel Limited reported a landmark FY26 with annual revenue reaching ₹9,722.4 crore, a 27.6% YoY growth, crossing the $1 billion milestone. The company's profitability saw significant expansion, with annual PAT growing 58% to ₹492.2 crore and EBITDA margins improving by 171 basis points to 8.1%. Growth was primarily driven by the Wires & Cables segment, which saw a 31% revenue increase and improved margins of 8.9%. Additionally, the company improved its operational efficiency, reducing its net working capital cycle to 49 days from 56 days in the previous year.
Key Highlights
Annual revenue reached ₹9,722.4 crore (+27.6% YoY), surpassing the $1 billion milestone.
Full-year PAT increased by 58% YoY to ₹492.2 crore, with Q4 PAT up 30.1% to ₹168 crore.
EBITDA margins expanded to 8.1% in FY26 from 6.4% in FY25, driven by Wires & Cables segment efficiencies.
Wires & Cables segment revenue grew 31% YoY to ₹8,763.7 crore with a segment profit margin of 8.9%.
Net working capital days improved significantly to 49 days as of March 2026 compared to 56 days in March 2025.
👀 What to Watch
Investors should take note of the strong margin expansion and the company's ability to scale its core Wires & Cables business both domestically and in exports. Continued monitoring of the FMEG segment's path to profitability is recommended as it currently remains loss-making despite narrowing losses.
RR Kabel Q4 FY26 PAT Jumps 30% to ₹168 Cr; Annual Revenue Crosses $1 Billion Milestone
R R Kabel reported a strong performance for Q4 FY26, with revenue growing 33.7% YoY to ₹2,964.1 crore, driven primarily by the Wires & Cables segment. The company achieved a significant milestone as annual revenue crossed the $1 billion mark, reaching ₹9,722.4 crore for FY26. Full-year profitability saw a massive surge, with PAT increasing by 58% YoY to ₹492.2 crore and EBITDA margins expanding by 171 bps to 8.1%. While the FMEG segment remains loss-making, operational efficiencies have helped reduce these losses significantly on an annual basis.
Key Highlights
Consolidated revenue for FY26 grew 27.6% YoY to ₹9,722.4 crore, crossing the $1 billion milestone.
Q4 FY26 PAT rose 30.1% YoY to ₹168 crore, while full-year PAT surged 58% to ₹492.2 crore.
Operating EBITDA for FY26 increased by 61.8% YoY to ₹789.1 crore, with margins expanding from 6.4% to 8.1%.
Wires & Cables segment (90% of revenue) posted 36.3% YoY revenue growth in Q4, led by domestic and export demand.
FMEG segment showed remarkable improvement in annual segment profit through operating efficiencies and reduced losses.
👀 What to Watch
Investors should view this as a strong growth signal, particularly the significant margin expansion and the Wires & Cables segment's dominance. Monitor the FMEG segment's path to break-even as it continues to scale.
RR Kabel Reports 57% YoY Profit Growth; Recommends ₹5.50 Final Dividend for FY26
R R Kabel delivered a strong performance for FY26, with annual revenue growing 27.6% to ₹9,722.36 crore and net profit surging 57.3% to ₹486.90 crore. The company recommended a final dividend of ₹5.50 per share, bringing the total dividend for the year to ₹9.50 including the interim payout. Despite an exceptional charge of ₹19.01 crore related to new labour codes, the company maintained robust margins. The Q4 performance was particularly strong, with net profit rising 30% YoY to ₹166.07 crore.
Key Highlights
Annual Revenue from operations increased by 27.6% YoY to ₹9,722.36 crore in FY26.
Net Profit for the full year jumped 57.3% to ₹486.90 crore compared to ₹309.52 crore in FY25.
Recommended a final dividend of ₹5.50 per share (110%), taking the total FY26 dividend to ₹9.50.
Q4 FY26 revenue stood at ₹2,964.14 crore, up 33.6% from ₹2,217.84 crore in the same quarter last year.
Basic EPS for the full year improved significantly to ₹43.06 from ₹27.40 in the previous fiscal year.
👀 What to Watch
Investors should consider the strong earnings momentum and consistent dividend payouts as a sign of healthy operational growth. The significant jump in annual profit despite inflationary pressures makes it a strong contender in the building materials and electrical segment.
RR Kabel Q4 Net Profit Jumps 30% YoY to ₹166 Cr; Final Dividend of ₹5.5 Recommended
R R Kabel Limited reported a robust performance for the financial year ended March 31, 2026, with annual standalone revenue growing 27.6% to ₹9,722 crore. Net profit for the full year surged 57.3% to ₹486.9 crore, driven by strong operational growth despite a one-time exceptional charge of ₹19 crore related to labor codes. For Q4 FY26, revenue stood at ₹2,964 crore, up 33.6% YoY, while net profit rose 30% to ₹166 crore. The board has recommended a final dividend of ₹5.5 per share, bringing the total dividend for the year to ₹9.5 per share.
Key Highlights
Standalone Revenue for FY26 grew by 27.6% YoY to ₹9,72,236 lakhs.
Net Profit for the full year FY26 increased significantly by 57.3% to ₹48,690 lakhs.
Q4 FY26 Revenue from operations rose 33.6% YoY to ₹2,96,414 lakhs.
Recommended a final dividend of ₹5.5 per share (110%), totaling ₹9.5 for the full year including interim.
Basic EPS for the full year improved to ₹43.06 from ₹27.40 in the previous year.
👀 What to Watch
The company demonstrates strong top-line and bottom-line growth, reflecting market share gains and operational efficiency. Investors should consider the stock favorably given the robust earnings trajectory and healthy dividend payout.
RR Kabel Forays into Kitchen Appliances & Expands Air Cooler Range
RR Kabel has announced a strategic expansion of its Fast-Moving Electrical Goods (FMEG) portfolio by entering the kitchen appliances segment under its 'RR Signature' brand. The new range includes mixer grinders, electric cooktops, and hand blenders, aimed at capturing the growing demand for energy-efficient cooking solutions. Additionally, the company has introduced industrial-grade air coolers with higher tank capacities to target both commercial and residential markets. This expansion is designed to drive deeper market penetration and diversify revenue streams beyond the core wires and cables business.
Key Highlights
Strategic entry into the Kitchen Appliances market with Mixer Grinders, Induction Cooktops, and Hand Blenders.
Expansion of Air Cooler portfolio with Industrial (Semi-Commercial) models featuring higher tank capacities.
Focus on electric cooking solutions to capitalize on shifting consumer preferences and LPG pricing dynamics.
Planned introduction of additional kitchen appliance categories throughout FY26-27 to strengthen market presence.
Leveraging the premium 'RR Signature' brand to offer best-in-class warranties and increase consumer touchpoints.
👀 What to Watch
Investors should monitor the FMEG segment's revenue contribution and margin performance in upcoming quarters to evaluate the success of this diversification strategy. The company's ability to scale these consumer-facing categories against established incumbents will be a key long-term growth driver.
RR Kabel Faces GST Appeal Challenging ₹36.91 Crore Refund and ₹3.69 Crore Penalty
The GST Department has filed appeals against previous orders that were ruled in favor of R R Kabel regarding tax refund claims. The dispute involves a total refund amount of ₹36.91 crore and penalties of approximately ₹3.69 crore for the periods between 2018 and 2021. The department contends that the refunds were incorrectly allowed under Rule 89(4) instead of Rule 89(4B) of the CGST Act. While the company previously won these cases in September 2024, the matter is now pending before the Goods and Services Tax Appellate Tribunal (GSTAT).
Key Highlights
Total refund amount under dispute is ₹36,90,78,517 (approx. ₹36.91 Cr) across two periods.
The GST Department is seeking additional penalties totaling ₹3,69,07,851 (approx. ₹3.69 Cr).
The appeals challenge favorable orders issued to the company on September 26, 2024.
The dispute centers on the technical interpretation of Rule 89(4) vs Rule 89(4B) for export-related refunds.
The company does not expect any material financial implications from these appeals at this stage.
👀 What to Watch
Investors should monitor the GSTAT proceedings as an adverse final ruling could lead to a liability of approximately ₹40.6 crore. However, the company's previous success in this matter suggests a strong legal position.
RR Kabel Receives ₹66.58 Crore Income Tax Demand for Multiple Assessment Years
R R Kabel Limited has received re-assessment orders from the Income Tax Department for the assessment years 2018-19, 2019-20, and 2021-22. The total demand raised amounts to ₹66.58 Crores, which includes a substantial interest component of ₹42.27 Crores. The company has identified potential clerical and computational errors in the orders and intends to file for rectification under Section 154. Furthermore, the management plans to appeal all orders and currently does not anticipate any material impact on its financial operations.
Key Highlights
Total income tax demand of ₹66.58 Crores raised by the IT Department.
Demand includes ₹42.27 Crores in interest charges across three assessment years.
Orders relate to AY 2018-19, AY 2019-20, and AY 2021-22 regarding expenditure disallowances.
Company identifies computational errors and will seek rectification under Section 154.
Management intends to contest the orders through formal appeals.
👀 What to Watch
Investors should monitor the outcome of the rectification and appeal process as the demand represents a potential liability. While the company is contesting the amount, a final unfavorable ruling could impact cash reserves.
R R Kabel Q3 FY26 PAT Surges 72% to ₹118 Cr; Revenue Up 42% on Strong 30% Volume Growth
R R Kabel reported its strongest-ever 9-month performance, with Q3 FY26 revenue growing 42.3% YoY to ₹2,536 crores. The growth was primarily driven by a robust 30% volume expansion in the Wires & Cables segment, benefiting from strong infrastructure and housing demand. Net profit for the quarter rose significantly by 72.4% to ₹118 crores, while EBITDA margins improved due to operating leverage and pricing discipline. Despite volatility in copper and aluminum prices, the company maintained strong execution and successfully reduced losses in the FMEG segment.
Key Highlights
Consolidated Q3 FY26 revenue reached ₹2,536 crores, a 42.3% YoY increase driven by Wires & Cables.
Wires & Cables segment revenue grew 48.6% YoY to ₹2,293 crores with a robust 30% volume growth.
9-month FY26 PAT stood at ₹324 crores, marking a record 77.7% YoY growth for the company.
EBITDA for Q3 FY26 surged 86% YoY to ₹206 crores as operating leverage improved margins.
FMEG segment revenue remained steady at ₹243 crores while losses were significantly curtailed.
👀 What to Watch
Investors should note the exceptional 30% volume growth in the core segment, which indicates significant market share gains and strong execution. The company's ability to maintain margins despite commodity volatility makes it a strong candidate for long-term portfolios focused on India's infrastructure and housing themes.
RR Kabel Strengthens Leadership with Three Senior Management Appointments
RR Kabel has announced strategic appointments to its senior management team to bolster its FMEG and Wires & Cables divisions. Vivek CM, an industry veteran with 30+ years of experience, has been promoted to Chief Sales Officer for the FMEG business. The company also added Manjari Modi (22+ years experience) and Manish Balodi (25+ years experience) to lead the Centre of Excellence and Business Transformation for the Wires and Cables division. These hires are aimed at driving distribution expansion, operational efficiency, and market share growth in core segments.
Key Highlights
Vivek CM promoted to Chief Sales Officer (CSO) for FMEG Business effective February 1, 2026, with 30+ years of industry experience.
Manjari Modi appointed as SVP – Centre of Excellence for Wires and Cables, bringing 22+ years of expertise in enterprise transformation and commercial governance.
Manish Balodi joins as VP – Business Transformation for Wires and Cables with 25+ years of experience in GTM strategy and distribution networks.
The appointments focus on scaling the FMEG segment and institutionalizing operational excellence in the core Wires and Cables business.
👀 What to Watch
Investors should view these high-level hires as a commitment to professionalizing management and driving long-term growth. Monitor the impact of these leadership changes on FMEG margins and Wires & Cables distribution efficiency in future quarters.
RR Kabel Q3 FY26: PAT Surges 72% to ₹118 Cr; Revenue Up 42% on Strong W&C Demand
RR Kabel reported its highest-ever nine-month revenue and profitability, with Q3 FY26 revenue growing 42.3% YoY to ₹2,535.9 crore. The Wires & Cables segment remains the primary driver, growing 48.6% YoY, while the FMEG segment showed steady performance with significantly curtailed losses. Operating EBITDA margins improved to 8.1% from 6.2% YoY, despite a one-time exceptional labor code expense of ₹19 crore. The company maintains a healthy balance sheet with a net working capital cycle of 56 days.
Key Highlights
Consolidated Revenue for Q3 FY26 grew 42.3% YoY to ₹2,535.9 crore, driven by domestic and export demand.
Operating EBITDA increased by 86% YoY to ₹206.4 crore, with margins expanding by 190 bps to 8.1%.
Wires & Cables segment profit grew 84.9% YoY to ₹198.8 crore, supported by operational efficiencies.
Net Profit (PAT) rose 72.4% YoY to ₹118.2 crore, even after an exceptional item of ₹19 crore related to labor codes.
Export revenue remains a significant contributor, accounting for 26% of the total revenue mix in Q3 FY26.
👀 What to Watch
Investors should take note of the robust growth in the core Wires & Cables business and the significant margin expansion. The stock remains a strong play on India's infrastructure and housing demand, though FMEG profitability remains a key monitorable.
RR Kabel Q3 FY26 PAT Jumps 72.4% YoY to ₹118.2 Cr; Revenue Up 42.3%
R R Kabel reported a stellar performance for Q3 FY26, with revenue growing 42.3% YoY to ₹2,535.9 crore, driven by robust demand in the Wires & Cables (W&C) segment. Operating EBITDA surged 86% YoY to ₹206.4 crore, with margins expanding by 191 bps to 8.1% due to operational efficiencies. Profit After Tax (PAT) increased by 72.4% YoY to ₹118.2 crore, even after accounting for an exceptional item of ₹19 crore. The company achieved its highest-ever nine-month revenue, EBITDA, and PAT, reflecting strong market positioning and execution.
Key Highlights
Revenue from operations grew 42.3% YoY to ₹2,535.9 crore in Q3 FY26.
Operating EBITDA increased 86% YoY to ₹206.4 crore with margins improving 191 bps to 8.1%.
Net Profit (PAT) rose 72.4% YoY to ₹118.2 crore; 9M FY26 PAT grew 77.7% to ₹324.3 crore.
Wires & Cables segment delivered 48% YoY revenue growth and 84.9% growth in segment profit.
FMEG segment curtailed losses significantly on a YTD basis through cost reduction and efficiency.
👀 What to Watch
The strong growth in the core Wires & Cables segment and significant margin expansion make this a positive result. Investors should monitor the FMEG segment's progress toward break-even and the sustainability of high growth in the export market.
