Nuvoco Vistas Records 5% Volume Growth, Sees EBITDA Jump 35% in FY26

Nuvoco Vistas Records 5% Volume Growth, Sees EBITDA Jump 35% in FY26​

Nuvoco Vistas Corporation Limited, a major building materials company, announced its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The company reported solid growth across key operational metrics, achieving a consolidated volume of 20.4 Million Metric Tonnes (MMT).

The financial results for FY26 showed robust performance, with the consolidated total income growing 10% year-over-year (YoY) to Rs. 11,362 Cr. The company recorded a significant increase in EBITDA, which rose 35% YoY to Rs. 1,881 Cr. Profit After Tax (PAT) saw an increase to Rs. 360 Cr., marking a sharp rise from Rs. 22 Cr. recorded in FY25.

Operational Milestones and Capacity Expansion​

The company reported achieving a cement sales volume of 20.4 MMT in FY26, reflecting a 5% YoY growth. Furthermore, premiumization reached 43% in FY26, improving by 300 basis points (bps) YoY, indicating sustained consumer preference for premium products.

In terms of expansion, Nuvoco Vistas continues its progress at the Vadraj Cement facilities, with the operationalization of clinker and grinding units planned in phases starting from Q3 FY27. The planned 4 MMTPA expansion in the East, set to progress in phases till FY28, is proceeding well, which will raise Nuvoco's total cement capacity to approximately 35 MMTPA.

The company has also approved a new strategic project to establish a bulk cement terminal at Viramgam, Sachana, Gujarat. This facility, which will include a dedicated railway siding and handling capacity of approximately 1.5 MMTPA, aims to serve as a strategic distribution hub across the Gujarat market, with commissioning targeted by FY28.

Segment Performance Boosts Momentum​

Premium products maintained strong momentum, driven by the rising brand recognition of Nuvoco Concreto and Nuvoco Duraguard franchises across the construction sector.

The Ready-Mix Concrete (RMX) business continues to show strong volume traction. To capitalize on this demand, the division launched Concreto Tri Shield, a specialized solution offering three-layer durability and a structural lifespan increase of approximately 50%. Additionally, the Artiste Elite Collection was introduced, offering premium decorative concrete with four contemporary, application-ready finishes. The Modern Building Materials (MBM) segment also gained healthy momentum across its Construction Chemicals, Tile Adhesives, and Block Jointing Mortars portfolios.

Management Outlook​

Commenting on the financial performance, Mr. Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas Corp. Ltd., stated that FY26 marked a defining year for the company, highlighted by increases in volumes, revenue, and profitability. He attributed the solid growth in both EBITDA and PAT to the strong execution of core strategies focused on premiumization, strengthening trade channels, and cost optimization, despite market headwinds.

Mr. Krishnaswamy added that the refurbishment and project execution at the Vadraj Cement Plant are progressing as planned and are set to strengthen the company’s presence in the Western and Northern markets. He also noted that while current geopolitical uncertainty may create near-term headwinds, particularly due to higher fuel prices and increased raw material costs for packing bags, Nuvoco remains committed to its growth journey. The company is implementing comprehensive measures, including price hikes, prudent procurement, cost optimization, and enhanced supply-chain efficiency, to mitigate these impacts.

NUVOCO Stock Price Movement​

Nuvoco Vistas Corporation Limited shares slipped by 1.84% on Monday, closing at ₹306.7. The stock traded on a volume of 271,716 shares, struggling throughout the day before finding its low near ₹299.8.

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