Polycab’s Volume Playbook: How 40% Growth Came at a Margin Cost
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 300 basis points. Polycab India Limited’s December quarter results have exposed a fundamental tension in the organized cable manufacturing sector: when commodity costs … Read more