Nuvoco Vistas Surges 8% on Strong Q1 Results and Major Capacity Expansion Milestones

Nuvoco Vistas Surges 8% on Strong Q1 Results and Major Capacity Expansion Milestones​

Shares of Nuvoco Vistas Corp Ltd witnessed a significant rally, climbing nearly 8 percent on Tuesday. The stock moved as high as 7.7 percent to Rs 341 in afternoon trading, making it one of the standout gainers in the smallcap segment. This strong performance came despite softness across the broader market, where the Sensex was down 0.54 percent and Nifty declined 0.50% at around 12:57 pm.

Q1 Profit Surge Fuels Market Confidence​

The stock’s ascent is directly linked to the company's fiscal first quarter results, which showed a robust increase in profitability. Nuvoco reported a consolidated profit after tax of Rs 160 crore for the quarter ended June 30, marking a 20 percent rise compared to the previous year.

Total income also saw solid growth, increasing by 9 percent year-on-year to reach Rs 3,129 crore. Furthermore, EBITDA improved by 7 percent, reaching Rs 572 crore. Cement sales volume grew steadily at 5 percent during the quarter, recording 5.3 million tonnes.

Expanding Footprint: Focus on New Capacity​

The earnings announcement was complemented by details of the company's active expansion efforts. Nuvoco recently inaugurated a new 2 million tonnes per annum (MTPA) grinding unit at its Limla Cement Plant in Surat, Gujarat.

This facility represents Nuvoco’s entry into the state of Gujarat. It is designed to strengthen the company’s presence in western India and improve market access across Gujarat and Maharashtra. The Limla commissioning was part of assets acquired through Vadraj Cement, which Nuvoco purchased in 2025 under a corporate insolvency resolution process.

Key Investments Drive Future Growth Trajectory​

The refurbishment of the Limla facility required an investment amounting to approximately Rs 240 crore, excluding the acquisition cost of Rs 1,800 crore for the Vadraj assets. Nuvoco is also progressing steadily with several other critical projects.

Construction has commenced on a bulk cement terminal at Viramgam in Gujarat. This new terminal is targeted for commissioning by the second quarter of FY28 and is designed to support distribution across the state. Additionally, work at its Kutch project remains on track for phased operationalization starting in the third quarter of FY27.

Cement Capacity Outlook Reaches 35 MTPA​

Looking ahead, Nuvoco expects its comprehensive expansion program to significantly boost capacity utilization. The company currently stands at 25 MTPA and aims to increase total cement capacity to 35 MTPA by FY28.

The newly commissioned Surat grinding unit is expected to have an additional benefit across the supply chain. It will enable Rajasthan plants to release greater capacity, allowing them to cater more efficiently to northern markets.