R R Kabel shares gain on strong Q1 results; CLSA turns bullish
The company posted standalone PAT of ₹203.1 crore in Q1FY27, compared with ₹88.7 crore in Q1FY26.
R R Kabel's shares experienced a 2% increase following the release of strong Q1FY27 results, reaching a fresh high of ₹2,775. The company reported a standalone profit of ₹203.1 crore, a significant improvement from the ₹88.7 crore reported in the same quarter last year. In the cable and wires sector, R R Kabel outperformed competitors, with revenue in this area growing by 57%, compared to 38% for Polycab and 27% for Havells.
Brokerage firm CLSA upgraded its stance on R R Kabel to "outperform" and set a price target of ₹2,850 per share. The firm highlighted R R Kabel's strong distribution network, influencer engagement, export leadership, and integrated manufacturing as key factors driving its growth and profitability, despite the risk of new competitors entering the market.
CLSA anticipates revenue and profit CAGRs of 18% and 24% respectively for FY26-30, citing Project RRise as a roadmap for continued expansion and profitability.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
