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Copper rally boosts Polycab volumes despite pressure on margins
Polycab volumes climbed strongly as copper prices rallied and demand from housing and capex bolstered growth, despite near-term margin pressure.
Polycab India saw its core cables and wires volumes jump sharply, driven by a strong surge in copper prices and healthy demand across government and private capex projects. Strong infrastructure spending and channel restocking helped lift quarterly sales by nearly 46–47% year on year. Brokerages remain broadly positive on the company’s medium-term outlook, though deferred price hikes and margin volatility remain key monitorables.