KEI Industries

Polycab and KEI Turned Record Copper Prices Into Record Profits, Then Cut Prices 3-4% the Moment Costs Eased

Polycab's revenue grew 39% and KEI Industries' EBITDA jumped 53.4% in Q1 FY27, as India's cable and wire makers passed record LME copper prices through to customers via cost-plus pricing, then cut prices 3-4% as copper and aluminium costs moderated in July.