KEI Industries lifts FY27 growth outlook after Q1 profit rises 40%

KEI Industries reported Q1 FY27 revenue of Rs 3,185 crore, up 23% year on year, and net profit of Rs 274 crore, up 40%. The wires and cables maker raised its FY27 revenue-growth guidance to more than 25%, citing sustained demand including from data centres.

— Source publishedTue, 4 Aug, 2026, 12:06 IST·First seen Tue, 4 Aug, 2026, 12:26 IST·Source Business Today · Latest

What happened

KEI Industries reported 40% growth in Q1 FY27 profit and 23% revenue growth, driven by wires and cables demand. It raised FY27 revenue-growth guidance to over

Key facts

  • Q1 FY27 net profit: Rs 274 crore, up 40% YoY
  • Q1 FY27 revenue: Rs 3,185 crore, up 23% YoY
  • Q1 FY27 PAT margin: 8.61% versus 7.56%
  • Q1 FY27 EBITDA margin: 12% versus 10%
  • FY27 revenue growth guidance: 25%+ versus earlier 20%+
  • FY27 EBITDA margin guidance: 11-12%
  • Share price: Rs 5,415.95, up over 8%
  • Market capitalisation: Rs 51,601 crore

Why this matters

KEI’s upgraded outlook underscores the strategic value of capacity, distribution and data-centre exposure in wires and cables, making adjacent partnerships or expansion targets more relevant.

What to watch

  • Q2 order intake and management commentary on data-centre, transmission and renewable-energy contribution.
  • Whether EBITDA margin holds near 12% as copper and aluminium prices move.
  • Capacity-addition timelines, utilization rates and capital-expenditure guidance.
  • Dealer additions, retail-market share trends and growth in housing/real-estate-linked demand.
  • Institutional order mix, receivable days and working-capital intensity.
  • Peer pricing actions and new capacity announcements from major wire and cable manufacturers.
  • Increase capacity and debottlenecking investment in wires, cables and high-voltage/product-specialty lines.
  • Prioritize data-centre, renewable-energy, transmission and industrial accounts where specification-driven demand supports pricing.
  • Expand dealer/distributor reach in underpenetrated regions to convert brand momentum into retail electrical sales.
  • Use stronger cash generation to fund working capital while tightening metal-price hedging and receivables discipline.
  • Competitors are likely to accelerate capacity additions, dealer incentives and premium-product launches, raising category promotional intensity.