RR Kabel logs record Q1, eyes double-digit margins
Revenue jumps 54% to ₹3,168 crore; FMEG hits operating breakeven for the first time. Management lifts FY27 margin guidance for wires and cables above 9.5%.
— 3 earlier stories on RR Kabel Ltd. →What's new
- Record Q1 revenue of ₹3,168 crore, up 54% YoY.
- Wires & cables volume grows 17%; cables surge 25%.
- FMEG breaks even at operating level for the first time.
- Management targets double-digit wires & cables margins in FY27, up from 9.5%.
Why this matters
RR Kabel is firing on both cylinders: its core wires business is scaling profitably, and the long-struggling FMEG unit has finally reached operating breakeven. The margin upgrade signals confidence that the premiumization push is working.
What we're watching
- Can FMEG sustain profitability amid demand swings?
- How export recovery shapes up after Middle East disruption.
- Impact of ₹1,200 crore capex on return ratios.
The full read
RR Kabel's record Q1 is not just about size — ₹3,168 crore in revenue, up 54%. It is about quality. The wires & cables segment delivered 17% volume growth, and for the first time the FMEG division broke even at the operating level. Management used the call to nudge its FY27 margin guidance for wires and cables up to double digits, a shade above the 9.5% it had set in April. A ₹1,200 crore capex plan remains on track, and export volumes recovered in May-June after a Middle East hiccup. The stock trades at 57x trailing earnings, expensive, but the margin upgrade and FMEG turnaround give the bull case fresh legs.
Questions answered
- What drove RR Kabel's record Q1 performance?
- Revenue hit ₹3,168 crore, up 54% YoY, led by a 57% revenue jump in wires & cables and 17% volume growth. Cables alone grew 25%.
- How is the FMEG division performing now?
- FMEG broke even at the operating level for the first time, helped by a shift toward premium fans and appliances. It had been loss-making until this quarter.
- What is the margin outlook for wires and cables?
- Management now aims for double-digit operating margins in FY27, above the 9.5% guided in April. The FY28 target remains at 10.5%.
- What is the company's capex plan?
- RR Kabel reaffirmed a ₹1,200 crore capex plan, which is likely aimed at capacity expansion and technology upgrades.
- How have exports recovered?
- Export volumes recovered in May and June after disruption from the Middle East earlier this year.
RR Kabel Ltd.
Latest quarter · Jun 2026
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All notes on RRKABEL →- 27 Jul 2026 · 5:37 PM IST RR Kabel logs record Q1, eyes double-digit margins
- 1d ago RR Kabel posts record Q1 revenue; profit surges 129%
- 1d ago RR Kabel's Q1 PAT surges 129% to ₹203 cr on record revenue of ₹3,168 cr
- 1d ago RR Kabel doubles profit, posts record Q1 revenue