CLSA sees India’s wires and cables leaders gaining share as demand accelerates
CLSA has initiated Outperform coverage on Polycab India and RR Kabel, while rating KEI Industries Hold. The brokerage cites infrastructure spending, electrification, manufacturing growth, premiumisation and exports as key demand drivers for organised cable makers through FY26–FY30.
CLSA initiated Outperform coverage on Polycab India and RR Kabel and Hold on KEI Industries, citing India’s infrastructure, electrification and manufacturing demand. It expects organised cable leaders to gain share through scale, distribution, premiumisation, capacity additions and exports.
Why this matters
No related recent signals are provided for Polycab India, so CLSA's new coverage establishes a fresh benchmark for tracking the brand's market-share outlook.
Retail-company signals are accelerating, up 388533% QoQ.