R R Kabel jumps 10% after Q1FY27 profit surge; CLSA starts outperform
R R Kabel reported Q1FY27 standalone PAT of ₹203.1 crore, up from ₹88.7 crore a year earlier, with cables and wires revenue growing 57%. CLSA initiated coverage with an outperform rating and a ₹2,850 target, citing distribution, manufacturing and export strengths.
R R Kabel reported a sharp Q1FY27 profit increase and 57% cables-and-wires revenue growth, outperforming Polycab and Havells. CLSA initiated coverage with an outperform rating, citing distribution, manufacturing and export strengths, and set a ₹2,850 target.
Why this matters
The signal extends R R Kabel's recent Q1 updates, which reported profit more than doubling to about ₹205 crore and a 129% profit jump led by wires and cables growth.
Retail-company signals are accelerating, up 388133% QoQ.