RRKABEL - R R Kabel
📢 Recent Corporate Announcements
R R Kabel Limited has scheduled a series of physical interactions with institutional investors and analysts in Singapore. The company will participate in the J.P. Morgan India Forum on March 9 and 10, followed by the UBS Emerging India Mid-caps Corporate Day on March 11, 2026. These meetings will consist of both group and one-on-one sessions. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these interactions.
- Participation in J.P. Morgan India Forum in Singapore on March 9-10, 2026.
- Attendance at UBS Emerging India Mid-caps Corporate Day on March 11, 2026.
- Meetings will be conducted in physical format, including group and one-on-one sessions.
- Management confirms that no Unpublished Price Sensitive Information (UPSI) will be disclosed.
RR Kabel Limited has appointed Mrs. Kamaljeet Kaur as the Chief Human Resource Officer (CHRO), effective March 9, 2026. Mrs. Kaur is a seasoned professional with over 22 years of extensive experience across sectors including Automobile, Infrastructure, FMCG, and Renewable Energy. She has previously held CHRO positions at Gensol and Sterlite Power Transmission, and worked with reputed firms like Jubilant Foodworks and HDFC Bank. The appointment is expected to strengthen the company's leadership capacity and drive organizational transformation.
- Appointment of Mrs. Kamaljeet Kaur as CHRO and Senior Management Personnel effective March 9, 2026.
- Brings over 22 years of experience in Strategic HR, Industrial Relations, and digital HR transformation.
- Previous leadership roles include CHRO at Gensol and Sterlite Power Transmission.
- Experience spans across diverse sectors including FMCG, Infrastructure, and Renewable Energy.
R R Kabel reported its strongest-ever 9-month performance, with Q3 FY26 revenue growing 42.3% YoY to ₹2,536 crores. The growth was primarily driven by a robust 30% volume expansion in the Wires & Cables segment, benefiting from strong infrastructure and housing demand. Net profit for the quarter rose significantly by 72.4% to ₹118 crores, while EBITDA margins improved due to operating leverage and pricing discipline. Despite volatility in copper and aluminum prices, the company maintained strong execution and successfully reduced losses in the FMEG segment.
- Consolidated Q3 FY26 revenue reached ₹2,536 crores, a 42.3% YoY increase driven by Wires & Cables.
- Wires & Cables segment revenue grew 48.6% YoY to ₹2,293 crores with a robust 30% volume growth.
- 9-month FY26 PAT stood at ₹324 crores, marking a record 77.7% YoY growth for the company.
- EBITDA for Q3 FY26 surged 86% YoY to ₹206 crores as operating leverage improved margins.
- FMEG segment revenue remained steady at ₹243 crores while losses were significantly curtailed.
R R Kabel Limited has officially released the audio recording of its earnings conference call held on February 2, 2026. During the call, senior management discussed the company's financial performance for the third quarter and the nine-month period ending December 31, 2025. The session included a detailed interactive Q&A with institutional investors and analysts regarding the company's operational trajectory. This disclosure is part of the mandatory compliance under SEBI Listing Obligations and Disclosure Requirements.
- Audio recording of the Q3 FY26 earnings call is now available via the company's website.
- Management discussed performance for the nine-month period ended December 31, 2025.
- The call featured an interactive Q&A session with analysts and institutional investors.
- Compliance maintained under Regulation 30 of SEBI (LODR) Regulations, 2015.
RR Kabel has announced strategic appointments to its senior management team to bolster its FMEG and Wires & Cables divisions. Vivek CM, an industry veteran with 30+ years of experience, has been promoted to Chief Sales Officer for the FMEG business. The company also added Manjari Modi (22+ years experience) and Manish Balodi (25+ years experience) to lead the Centre of Excellence and Business Transformation for the Wires and Cables division. These hires are aimed at driving distribution expansion, operational efficiency, and market share growth in core segments.
- Vivek CM promoted to Chief Sales Officer (CSO) for FMEG Business effective February 1, 2026, with 30+ years of industry experience.
- Manjari Modi appointed as SVP – Centre of Excellence for Wires and Cables, bringing 22+ years of expertise in enterprise transformation and commercial governance.
- Manish Balodi joins as VP – Business Transformation for Wires and Cables with 25+ years of experience in GTM strategy and distribution networks.
- The appointments focus on scaling the FMEG segment and institutionalizing operational excellence in the core Wires and Cables business.
RR Kabel reported its highest-ever nine-month revenue and profitability, with Q3 FY26 revenue growing 42.3% YoY to ₹2,535.9 crore. The Wires & Cables segment remains the primary driver, growing 48.6% YoY, while the FMEG segment showed steady performance with significantly curtailed losses. Operating EBITDA margins improved to 8.1% from 6.2% YoY, despite a one-time exceptional labor code expense of ₹19 crore. The company maintains a healthy balance sheet with a net working capital cycle of 56 days.
- Consolidated Revenue for Q3 FY26 grew 42.3% YoY to ₹2,535.9 crore, driven by domestic and export demand.
- Operating EBITDA increased by 86% YoY to ₹206.4 crore, with margins expanding by 190 bps to 8.1%.
- Wires & Cables segment profit grew 84.9% YoY to ₹198.8 crore, supported by operational efficiencies.
- Net Profit (PAT) rose 72.4% YoY to ₹118.2 crore, even after an exceptional item of ₹19 crore related to labor codes.
- Export revenue remains a significant contributor, accounting for 26% of the total revenue mix in Q3 FY26.
R R Kabel reported a stellar performance for Q3 FY26, with revenue growing 42.3% YoY to ₹2,535.9 crore, driven by robust demand in the Wires & Cables (W&C) segment. Operating EBITDA surged 86% YoY to ₹206.4 crore, with margins expanding by 191 bps to 8.1% due to operational efficiencies. Profit After Tax (PAT) increased by 72.4% YoY to ₹118.2 crore, even after accounting for an exceptional item of ₹19 crore. The company achieved its highest-ever nine-month revenue, EBITDA, and PAT, reflecting strong market positioning and execution.
- Revenue from operations grew 42.3% YoY to ₹2,535.9 crore in Q3 FY26.
- Operating EBITDA increased 86% YoY to ₹206.4 crore with margins improving 191 bps to 8.1%.
- Net Profit (PAT) rose 72.4% YoY to ₹118.2 crore; 9M FY26 PAT grew 77.7% to ₹324.3 crore.
- Wires & Cables segment delivered 48% YoY revenue growth and 84.9% growth in segment profit.
- FMEG segment curtailed losses significantly on a YTD basis through cost reduction and efficiency.
R R Kabel reported a strong performance for Q3 FY26, with revenue from operations growing 42.3% YoY to ₹2,535.86 crore. Net profit for the quarter increased significantly by 70.4% YoY to ₹116.12 crore, despite an exceptional charge of ₹19.01 crore related to new labour codes. The core Wires & Cables segment remains the primary growth driver, while the FMEG segment showed sequential improvement in narrowing its losses. For the nine-month period ended December 2025, the company's net profit stands at ₹320.83 crore, representing a 76.5% growth over the previous year.
- Revenue from operations grew 42.3% YoY to ₹2,535.86 crore in Q3 FY26.
- Net profit rose 70.4% YoY to ₹116.12 crore, overcoming a ₹19.01 crore exceptional item.
- Wires & Cables segment revenue increased 48.6% YoY to ₹2,292.61 crore with segment profits up 85% YoY.
- FMEG segment losses narrowed sequentially to ₹4.93 crore from ₹11.68 crore in Q2 FY26.
- Basic EPS for the quarter improved to ₹10.27 from ₹6.03 in the corresponding quarter last year.
R R Kabel Limited has been served a penalty order of ₹1,01,70,919 by the Assistant Commissioner of Central GST, Vadodara. The penalty arises from allegations of supplying goods without actual physical movement, which is a contravention of the CGST Act. The company has clarified that there is no impact on its operations and it intends to file an appeal against the order. While the financial impact is relatively small for a company of this scale, the nature of the compliance allegation is a point of note for investors.
- Penalty of ₹1,01,70,919 imposed by the Office of the Assistant Commissioner of Central GST, Vadodara-I.
- Allegation involves contravention of Section 122(1)(ii) of the CGST Act regarding supplies without actual movement of goods.
- The order was received by the company on January 30, 2026.
- RR Kabel has stated its intention to file a formal appeal against the GST department's order.
- Management confirms no operational impact other than the potential financial outflow of the penalty.
R R Kabel Limited has announced its participation in four major institutional investor conferences scheduled between February 9 and March 9, 2026. The company will engage with analysts and investors at events hosted by Nuvama, Axis Capital, Kotak, and Investec in Mumbai. These interactions will be physical and include both group and one-on-one formats. The company has explicitly stated that no unpublished price-sensitive information (UPSI) will be shared during these meetings.
- Participation in 4 distinct investor conferences in Mumbai during February and March 2026.
- Scheduled meetings include Nuvama India Conference (Feb 9) and Axis Capital Flagship Conference (Feb 10).
- Further engagements at Kotak Flagship Conference (Feb 24) and Investec Promoter & Founder Conference (Mar 9).
- Meetings will involve physical interactions in both group and one-on-one formats.
- Company confirms compliance with SEBI regulations, ensuring no UPSI is disclosed.
R R Kabel Limited has scheduled its earnings conference call for February 2, 2026, at 1:00 PM IST. The management will discuss the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Key attendees include Managing Director Mahendrakumar Kabra and COO Rajesh Jain. This call serves as a platform for investors to understand the company's recent operational performance and future growth outlook.
- Earnings call scheduled for February 2, 2026, at 1:00 PM IST.
- Covers financial performance for Q3 and 9M ended December 31, 2025.
- Senior management including the MD and COO of W&C business will lead the discussion.
- International toll-free access provided for investors in Hong Kong, Singapore, UK, and USA.
R R Kabel Limited has allotted 11,856 equity shares to employees who exercised their options under the RRKL ESOP 2020. The shares were issued at an exercise price of ₹337.50 per share, which includes a premium of ₹332.50. This allotment has marginally increased the company's paid-up equity share capital from ₹56.54 crore to ₹56.55 crore. The newly allotted shares will rank pari-passu with the existing equity shares of the company.
- Allotment of 11,856 equity shares of face value ₹5 each on January 16, 2026
- Exercise price fixed at ₹337.50 per share, including a premium of ₹332.50
- Total paid-up equity shares increased to 11,31,01,057 from 11,30,89,201
- Total paid-up share capital stands at ₹56,55,05,285 post-allotment
R R Kabel Limited has submitted its quarterly compliance certificate for the period ending December 31, 2025, as required by SEBI (Depositories and Participants) Regulations. The certificate, issued by MUFG Intime India Private Limited, confirms that all share certificates received for dematerialization were processed within the mandated timelines. It further verifies that physical certificates were mutilated and cancelled after due verification. This is a standard administrative filing ensuring the integrity of the company's shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
- Confirms dematerialization requests were accepted or rejected within prescribed timelines.
- Verification that physical certificates were mutilated and cancelled after processing.
- Ensures the company's register of members is accurately updated with depository names.
R R Kabel Limited has announced an in-person plant visit for a group of analysts and investors scheduled for December 23, 2025. The visit will take place at the company's manufacturing facility located in Waghodia, Vadodara. This event will be followed by an interaction with the company's management team. The company has clarified that no unpublished price-sensitive information (UPSI) will be shared during this session, maintaining compliance with SEBI regulations.
- Plant visit and management interaction scheduled for Tuesday, December 23, 2025.
- The event location is specified as Waghodia - Vadodara for a group of analysts.
- Disclosure made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
- Management confirmed that no Unpublished Price Sensitive Information (UPSI) will be shared.
R R Kabel Limited has announced the closure of its trading window for designated persons starting January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming quarter ending December 31, 2025. The window will remain closed until 48 hours after the declaration of the un-audited financial results. The specific date for the board meeting to approve these results will be communicated at a later date.
- Trading window closure begins on January 1, 2026.
- Closure pertains to the un-audited financial results for the quarter ending December 31, 2025.
- Window will reopen 48 hours after the official results announcement.
- Restriction applies to all Designated Persons and their immediate relatives as per SEBI norms.
Financial Performance
Revenue Growth by Segment
The Wires & Cables segment grew 22.3% YoY to INR 1,971.2 Cr in Q2 FY26, while the FMEG segment saw a marginal decline of 2.9% YoY to INR 192.6 Cr. Overall revenue for Q2 FY26 grew 19.5% YoY to INR 2,163.8 Cr.
Geographic Revenue Split
As of Q2 FY26, Domestic revenue contributed 73% and Exports contributed 27%. For H1 FY26, the split was 72% Domestic and 28% Export, showing a slight increase in export contribution compared to 24% in Q2 FY25.
Profitability Margins
Gross Profit Margin was 17.9% in FY25 compared to 18.9% in FY24. However, PAT margin showed significant improvement, rising from 2.7% in Q2 FY25 to 5.4% in Q2 FY26, a 264 basis point expansion driven by operational efficiencies.
EBITDA Margin
Operating EBITDA margin expanded to 8.1% in Q2 FY26 from 4.7% in Q2 FY25. This 105.8% YoY increase in EBITDA to INR 176.1 Cr was primarily due to operating leverage and better cost absorption.
Capital Expenditure
Total Non-Current Assets increased from INR 874.0 Cr in FY24 to INR 1,264.3 Cr in FY25, reflecting significant investment. The company is currently executing a 'master plan' for cable capacity expansion to increase B2B market presence.
Credit Rating & Borrowing
CRISIL reaffirmed and subsequently withdrew ratings of CRISIL A+/Stable (Long Term) and CRISIL A1+ (Short Term) in 2021 at the company's request. Interest coverage ratio was 6.13x as of March 2020.
Operational Drivers
Raw Materials
Copper and Aluminum (linked to LME prices) and PVC. Cost of materials consumed was INR 5,836.8 Cr in FY25, representing 76.6% of total revenue.
Import Sources
Not specifically disclosed, though the company monitors London Metal Exchange (LME) prices for global procurement benchmarks.
Capacity Expansion
The company is expanding its cable segment capacity to transition from a 'small player' in the B2B segment to a larger one, aiming to improve margins through higher volumes and better operating leverage.
Raw Material Costs
Raw material costs are highly sensitive to LME price fluctuations. In Q2 FY26, gross margins improved by 300 basis points, partly due to sustainable procurement strategies and value realization despite price volatility.
Manufacturing Efficiency
EBITDA margin expansion to 8.1% in Q2 FY26 reflects improved manufacturing efficiency and better cost absorption across the production chain.
Logistics & Distribution
The company utilizes AI-driven route optimization and Sales Force Automation (SFA) to improve distribution efficiency across its retail footprint.
Strategic Growth
Expected Growth Rate
18-25%
Growth Strategy
Growth will be driven by 'Project RRISE', targeting an 18% CAGR in Wires & Cables and 25% CAGR in FMEG through FY28. Strategies include expanding the retail footprint, increasing B2B cable capacity, and focusing on premiumization in the FMEG sector.
Products & Services
Housing wires, industrial cables, power cables, fans, lighting, switches, and home appliances.
Brand Portfolio
RR Kabel.
New Products/Services
Focusing on value-added, energy-efficient, and safety-compliant products to differentiate in the competitive landscape; specific contribution % not disclosed.
Market Expansion
Targeting increased penetration in the B2B cable segment and expanding the global export footprint, which already contributes 27% of Q2 FY26 revenue.
Market Share & Ranking
Commands a lower double-digit market share in the housing wire category and was previously cited as having a 3% overall market share in the organized Indian cable market.
Strategic Alliances
Share of profit from Joint Ventures was INR 2.1 Cr in FY25, up from INR 1.1 Cr in FY24.
External Factors
Industry Trends
The industry is shifting toward organized, branded players due to increased consumer awareness of safety. The market is evolving toward premium, energy-efficient products and AI-integrated distribution.
Competitive Landscape
Operates in a highly competitive market against other organized players; differentiation is achieved through safety standards and a 'people-first' HR philosophy.
Competitive Moat
The moat is built on a deep distribution network, premium brand positioning, and compliance with global quality benchmarks, which are difficult for unorganized players to replicate.
Macro Economic Sensitivity
Highly sensitive to construction activity, infrastructure expansion, and government electrification projects which drive the core Wires & Cables demand.
Consumer Behavior
Rising disposable incomes are driving a trend toward 'premiumization' and 'personalization' in FMEG products like fans and appliances.
Geopolitical Risks
Global preference for Indian manufactured cables supports export growth, but trade barriers or shifts in international standards could impact the 27% export revenue share.
Regulatory & Governance
Industry Regulations
Operations must adhere to stringent safety standards, global quality benchmarks, and healthcare-related compliance checks for employees.
Taxation Policy Impact
Total tax expense for FY25 was INR 97.8 Cr, representing an effective tax rate of approximately 23.9% on PBT of INR 409.5 Cr.
Risk Analysis
Key Uncertainties
Volatility in LME copper/aluminum prices and the ability to maintain margins during seasonal demand fluctuations in the FMEG segment.
Geographic Concentration Risk
73% of revenue is concentrated in the Indian domestic market, making the company sensitive to local economic and construction cycles.
Third Party Dependencies
High dependency on global metal markets for raw materials, which constitute over 75% of the cost structure.
Technology Obsolescence Risk
The company is mitigating tech risks by adopting AI-driven route optimization and eB2B platforms to improve sales productivity.
Credit & Counterparty Risk
Trade receivables stood at INR 823.2 Cr in FY25, up from INR 641.2 Cr in FY24, reflecting a 28.4% increase in credit exposure.