R R Kabel heads into its Q1 FY27 results facing a complex operational backdrop defined by strong domestic demand and a significant geopolitical challenge in its key export markets. Investors will be watching closely to see if the company's volume growth can sustain its 16-18% target despite potential disruptions in the Middle East and how management navigates raw material price volatility.
| Results date | July 27, 2026 |
|---|---|
| Quarter | Q1 FY27 |
| Previous quarter revenue | Rs. 2,964.1 Cr |
| Previous quarter PAT | Rs. 168.0 Cr |
| Previous quarter EBITDA margin | 8.9% |
| Market cap | Rs. 27,499.45 Cr |
| CMP | Rs. 2,432.45 |
The board meeting is scheduled for July 27, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
The earnings conference call is scheduled for July 27, 2026, at 4:30 p.m. IST, featuring the MD, JMD, COO – W&C, and CFO.
R R Kabel is positioned for a potential volume recovery in Q1 FY27, supported by a favorable low base from the 6.5% growth recorded in Q1 FY26 and healthy electricity IIP growth of 9.9% in May 2026. While the company aims for 16-18% volume growth in FY27, the Middle East geopolitical crisis, which escalated in late May 2026 with near-total shipping disruptions, poses a material headwind for the 35-40% of exports destined for that region. EBITDA margins are expected to face pressure in the 8.5-9% range, as a 13-15% correction in copper prices from Q1 peaks likely triggers negative inventory adjustments that offset operating leverage. FMEG segment losses are anticipated to narrow from the Rs. 9.3 Cr loss in Q4 FY26, aided by peak summer demand for fans, though four-year high aluminium prices remain a cost concern. The upcoming call will likely focus on the quantified impact of export disruptions and the progress of the Rs. 1,200 Cr Project RRise capex plan, with Rs. 900 Cr remaining for deployment through FY28.
Performance vs Guidance Tracking
Middle East Geopolitical Impact
Operating Metric Trajectory
Strategic Execution and Capex
In Q4 FY26, the FMEG segment recorded revenue of Rs. 297.7 Cr, representing 13.8% YoY growth. However, the segment remained loss-making, with management delaying the original March 2026 breakeven target to FY27.
The company has committed Rs. 1,200 Cr for the three-year roadmap spanning FY26 to FY28. Approximately Rs. 291 Cr was incurred in FY26, leaving roughly Rs. 900 Cr to be deployed for capacity expansion, particularly in the cable segment.
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