R R Kabel Q1 profit more than doubles to Rs 205 crore as margins expand

R R Kabel reported 53.9% year-on-year revenue growth to Rs 3,168 crore in the June quarter. EBITDA rose 310.6% to Rs 583 crore, lifting margin to 18.4% from 6.9%, aided by product mix, commodity management and operating efficiencies.

— Source publishedMon, 27 Jul, 2026, 15:44 IST·First seen Mon, 27 Jul, 2026, 16:54 IST·Source NDTV Profit

What happened

R R Kabel’s Q1 profit more than doubled as revenue, cable volumes and margins rose sharply. The company cited product mix, commodity management and operating

Key facts

  • Consolidated net profit: Rs 205 crore, up 128.5% YoY from Rs 89.7 crore
  • Revenue from operations: Rs 3,168 crore, up 53.9% YoY from Rs 2,059 crore
  • EBITDA: Rs 583 crore, up 310.6% YoY from Rs 142 crore
  • EBITDA margin: 18.4%, versus 6.9%
  • Inventory write-back: Rs 169 crore, versus Rs 62 crore
  • Wires & Cables revenue growth: 57% YoY
  • Wires & Cables segment profit growth: 105% YoY
  • Wires & Cables segment margin expansion: 232 basis points YoY

Why this matters

R R Kabel’s strengthened profitability and scale give it greater capacity to invest in premium products, distribution expansion and selective growth opportunities across the electricals value chain.

What to watch

  • Sequential EBITDA margin versus the 18.4% reported in Q1.
  • Copper and aluminium price movements, hedging gains/losses and inventory valuation effects.
  • Volume growth versus realization growth in wires, cables and FMEG products.
  • Dealer inventory levels, receivable days and channel incentives.
  • Management guidance on whether product mix and commodity-management gains are structural or temporary.
  • Competitive price actions from large wires-and-cables peers.
  • Housing, construction, power transmission and infrastructure demand indicators.
  • Increase distributor and electrician engagement to convert stronger profitability into wider retail pull-through.
  • Prioritize premium wires, FMEG and value-added cable categories where mix can defend margins.
  • Use procurement hedging, inventory discipline and selective price revisions to limit metal-price exposure.
  • Accelerate capacity, distribution and branding investments if elevated margins prove repeatable.
  • Monitor competitor promotions and avoid volume-led price cuts that could reset industry profitability.