India’s wires and cables sector is poised for another strong performance in the second quarter of the financial year 2026-27, fueled by rising copper and aluminium prices and value-driven growth. Analysts at InCred Equities predict that Diamond Power Infrastructure and Finolex Cables will lead the pack, with other major players like Polycab India, KEI, and RR Kabel also expected to report double-digit growth.
The sector is anticipated to benefit from higher metal prices and steady volume growth, according to InCred Equities. Polycab India, for instance, is projected to see a nearly 39% revenue increase year-over-year, with EBITDA growing by 20%. However, margins may shrink slightly due to high inventory gains from the previous quarter. The stock closed at ₹8,250 per share on October 9.
KEI Industries is expected to report a 27% revenue jump and a 48% increase in EBITDA, driven by a favorable product mix. The company’s profit after tax (PAT) is forecasted to grow by 40% year-over-year. Meanwhile, RR Kabel may see a 39% revenue increase and a 48% rise in EBITDA, though PAT might decline by 16% on a quarterly basis.
Finolex Cables is likely to post a 38% annual growth, led by its electrical cable and communications segments. Diamond Power Infrastructure is also expected to maintain strong momentum, particularly in the medium and high-tension (MT/HT) segment, with margins around 11.2% for the quarter.