R R Kabel makes wires and cables (about 90% of revenue) along with fast-moving electrical goods, serving construction, infrastructure, power transmission, data centres and exports to 74 countries. This quarter's print will speak to how the company passes through record copper prices into margins, and whether FMEG holds the operational breakeven it achieved in Q1 FY27.
| Results date | October 28, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 31,682 Mn |
| Previous quarter PAT | Rs. 2,052 Mn |
| Previous quarter EBITDA margin | 9.0% |
| Market cap | Rs. 24,204.58 Cr |
| CMP | Rs. 2,140.0 |
The board meeting is scheduled for 28 October 2026 to approve standalone and consolidated Q2/H1 FY27 results and consider an interim dividend for FY 2026-27.
The Q2 FY27 print will test whether R R Kabel can hold its margin path in a record-copper quarter, with LME copper spiking to an all-time high of $14,594/t on 17 August 2026 and standing up 46.3% YoY in the window. Demand proxies were strong through the quarter — India's electrical-equipment IIP grew 28.3% YoY in July and 30.9% YoY in August 2026 — and copper pass-through mechanically inflates realised prices, the same dynamic that drove Q1 FY27 revenue growth of 53.9% YoY. The margin swing factor is pass-through execution: management's stated sensitivity is roughly 0.5% margin impact per 25% copper move, and the company entered the quarter with inventories of Rs. 1,770.5 Cr and finance costs already up 74.2% YoY in Q1, so channel working-capital strain is the key watch. On the guided path, the Q1 FY27 call set FY27 EBITDA margin guidance of 9.5%, W&C volume growth of 16-18% and FMEG revenue growth of 20-25%, against a Q1 EBITDA margin of 8.94% — leaving little room in a rising-copper quarter. Silvassa Unit 3 began commercial production on 15 September 2026 with 12,000 MT per annum operational capacity, supporting the volume-guidance path, while the U M Cables optical fibre cable acquisition (Rs. 77 crore slump sale, BTA executed 25 September 2026) is expected to close within 60 days, limiting Q2 consolidation impact to transaction-related items.
Copper pass-through and margin bridge: With copper at record levels through the quarter, the margin bridge is the central item.
FMEG breakeven sustainability
Silvassa Unit 3 ramp and capacity expansion
U M Cables OFC acquisition and DGGI notice
Performance vs guidance tracking: Q1 FY27 call guidance for FY27 and FY28.
In Q1 FY27, revenue from operations was Rs. 31,682 Mn, up 7% against Q4 FY26, with PAT up 22% over the same comparison. Copper price pass-through and volume recovery drove the 53.9% YoY revenue growth recorded in Q1 FY27.
Yes — management had targeted FMEG EBIT breakeven by Q4 FY26, and the business reported operational breakeven in Q1 FY27. The upcoming results will show whether that breakeven holds.
R R Kabel executed a Business Transfer Agreement on 25 September 2026 to acquire U M Cables Limited's optical fibre cable business via slump sale for Rs. 77 crore, marking its entry into the OFC segment. Both parties expect closing within 60 days of execution, subject to working-capital adjustments and conditions precedent.
The DGGI issued a show cause-cum-demand notice dated 29 August 2026 for Rs. 13,19,45,614 (approximately Rs. 13.19 Cr), plus applicable interest and penalty, relating to FY2020-21 to FY2023-24. The company said it did not envisage a material impact and would file detailed submissions.