Motilal Oswal Rates R R Kabel 'Neutral' with Target Price of INR 1530

• R R Kabel's 3QFY26 performance exceeded Motilal Oswal's estimates, driven by strong revenue growth in both C&W and FMEG segments.
• Consolidated revenue surged approximately 42% YoY to INR 25.4 billion, beating estimates by 14%.
• EBITDA increased by about 85% YoY to INR 2.0 billion, surpassing estimates by 15%.
• Adjusted PAT saw a significant jump of approximately 94% YoY to INR 1.3 billion, 18% above estimates.
• Motilal Oswal values R R Kabel at 28x FY28E EPS, setting a target price of INR 1,530 and reiterating a 'Neutral' rating.