R R Kabel Ltd.Record Quarter with FMEG Breakeven

R R Kabel delivered its strongest quarterly performance in Q1 FY27, with revenue surging 54% year-on-year to a record ₹3,168 crores.

The Wires & Cables segment drove growth with 57% revenue increase to ₹2,880 crores, powered by 17% volume growth split between robust 25% growth in cables and 12% in wires. Operating EBITDA nearly doubled to ₹285 crores, while profit after tax jumped 128% to ₹205 crores. Segment margins expanded 230 basis points to 9.9%, approaching the double-digit milestone. A significant achievement was the FMEG business reaching operational breakeven for the first time, reversing prior losses through premiumization and operating leverage.

Management maintained its FY27 volume growth guidance at 18% and FY28 margin target of 10.5%. The company is executing a ₹1,200 crore capex program through FY28, with ₹650 crores planned for FY27, primarily targeting cable capacity expansion at 90% utilization. Strategic focus remains on strengthening B2B capabilities, expanding distribution across 1.5 lakh retail touchpoints, and building sustainable profitability in FMEG within two to three years.