# R R Kabel shares jump 2% as Q1 profit doubles; CLSA bullish

2026-08-07T23:57:22+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

R R Kabel shares ended 2.04% higher at Rs 2,576.90 on Tuesday after touching a fresh intraday high of Rs 2,775. The company reported a standalone PAT of Rs 203.1 crore in Q1FY27, up from Rs 88.7 crore a year ago. Its cables and wires business revenue grew 57%, outpacing Polycab (38%) and Havells (27%). Brokerage CLSA initiated coverage with an 'outperform' rating and a price target of Rs 2,850. It cited R R Kabel's entrenched distribution, influencer engagement, export leadership and integrated manufacturing as key moats. CLSA also said Project RRise provides a clear roadmap for growth, expecting revenue and PAT CAGRs of 18% and 24% respectively over FY26-30.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/r-r-kabel-shares-jump-10-to-fresh-high-after-strong-q1fy27-clsa-initiates-coverage-with-outperform/article71275576.ece>

Tags: cables and wires, CLSA, earnings, Q1 results, R R Kabel, stock market
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