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polycab
EQUITIES
Polycab’s Volume Playbook: How 40% Growth Came at a Margin Cost
Team MWP
—
January 20, 2026
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India’s cable giant dillema was over market share or profitability in Q3, absorbing commodity prices compressed margins to three-quarter low The numbers tell two different stories. Revenue surged 46 percent. Margins crashed...
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