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Nuvoco Vistas Corporation Results: Latest Quarterly Results & Analysis

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Nuvoco Vistas Corporation Ltd. 15 Apr 2026 11:31 AM
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Q4FY26 & FY26 Result Announced for Nuvoco Vistas Corporation Ltd.

Cement & Cement Products company Nuvoco Vistas Corporation announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue from operations: Rs 3,309 crore against Rs 3,047 crore during Q4FY25, change 9%.
  • EBITDA: Rs 590 crore against Rs 556 crore during Q4FY25, change 6%.

FY26 Financial Highlights:

  • Company achieved cement sales volume of 20.4 MMT in FY26, registering a 5% YoY growth.
  • Total Income grew 10% YoY to Rs 11,362 crore in FY26.
  • EBITDA of Rs 1,881 crore in FY26, marking a growth of 35% YoY.

Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp, said: “FY26 marks a defining year for Nuvoco, highlighted by increased volumes, revenue and profitability. The Company achieved solid growth in both EBITDA and PAT, reflecting strong execution of core strategies focused on premiumisation, strengthening trade channels, and driving cost optimisation, despite headwinds. On the growth agenda, the refurbishment and project execution at our Vadraj Cement Plant are progressing as planned. This strategic expansion will significantly strengthen our presence in the Western and Northern markets.”

“The current geopolitical uncertainty could create near?term headwinds, particularly due to higher fuel prices and increased costs of raw materials for packing bags. The Company remains vigilant and is implementing comprehensive measures, including price hikes, prudent procurement, cost optimisation, and greater supply?chain efficiency. While these geopolitical uncertainties are expected to impact margins at least one to two quarters, Nuvoco remains committed to its growth journey.”

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Cement & Cement Products company Nuvoco Vistas Corporation announced Q3FY26 results

  • Consolidated revenue from operations grew 12% YoY to Rs 2,701 crore in Q3FY26.
  • Reported 50% YoY rise in consolidated EBITDA to Rs 386 crore in Q3FY26.
  • Company achieved its highest-ever third-quarter cement sales volume of 5 MMT in Q3FY26, registering a 7% YoY growth.

Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp, said: “Despite early macroeconomic challenges from prolonged monsoon and festivities that softened demand in October and November, December saw healthy double-digit growth, demonstrating strong recovery momentum. The Company delivered its highest-ever third-quarter volume and a 50% YoY rise in EBITDA, driven by a sustained focus on premiumisation and operational excellence. The Company also achieved the lowest blended fuel cost in the last 17 quarters, at Rs 1.41 per Mcal. The refurbishment and project execution at the Vadraj Cement Plant are progressing steadily as planned. These strategic expansions, supported by our focus on premiumisation, cost and operational efficiency, will drive our long-term competitive advantage.”

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Cement & Cement Products company Nuvoco Vistas Corporation announced Q2FY26 results

  • The Company achieved a consolidated cement sales volume of 4.3 MMT in Q2FY26. Consolidated revenue from operations grew 8% YoY to Rs 2,458 crore. in Q2FY26.
  • Consolidated revenue from operations grew 8% YoY to Rs 2,458 crore. in Q2FY26.
  • consolidated EBITDA of Rs 371 crore. in Q2FY26.
  • Company remained committed to its deleveraging agenda, reducing like-to-like¹ net debt by Rs 1,009 crore. YoY to Rs 3,492 crore.

Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp, said: “Despite the macro headwinds like intense monsoon, channel adjustments to GST rate cuts and early festive celebrations, the Company continues to deliver improved performance, supported by a sustained focus on premiumisation and trade mix. The disciplined approach enabled the Company to achieve its highest-ever second-quarter consolidated EBITDA. Looking ahead, we remain confident in our structural growth trajectory. Refurbishment and project execution at the Vadraj Cement Plant are progressing as scheduled, which will enhance our market footprint in the Western region.”

“The planned East expansion is set to further strengthen our presence in the East as well as in the markets of Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Telangana, Maharashtra and North-East, addressing the rising demand for blended products such as composite and slag cement. Together with these initiatives, we will continue to prioritise premiumisation, geo-optimisation, and cost efficiency to further reinforce our competitive advantage.”

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Cement & Cement Products company Nuvoco Vistas Corporation announced Q1FY26 results

  • Consolidated cement sales volume of 5.1 MMT in Q1FY26.
  • Consolidated revenue from operations grew 9% YoY to Rs 2,873 crore in Q1FY26.
  • Consolidated EBITDA of Rs 533 crore in Q1FY26.
  • Company remained committed to its deleveraging agenda, reducing like-for-like net debt by Rs 884 crore YoY to Rs 3,474 crore

Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp., said: “The Company witnessed healthy volume growth during the quarter. It maintained a sharp focus on premiumisation and trade mix, which contributed to enhanced realizations and led to the highest-ever first-quarter consolidated EBITDA in the Company’s history. Looking ahead, we remain committed to drive sustained growth and expand our market presence. Following the successful acquisition of Vadraj Cement, the Company is fully geared up to operationalize the plants at Kutch and Surat by Q3 FY27 and at the same time expanding its market footprint in the Western region. Alongside this, the Company will continue to prioritize initiatives around premiumisation, geo-optimisation, and cost efficiency to further strengthen its competitive edge.”

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Cement & Cement Products company Nuvoco Vistas Corporation announced Q4FY25 results

  • Total Income: Rs 3,047 crore compared to Rs 2,941 crore during Q4FY24.
  • EBITDA: Rs 556 crore compared to Rs 498 crore during Q4FY24.
  • Achieved new all-time-high volume of 5.7 MMT
  • Industry-leading premiumization2 and trade mix at 40% and 75% respectively.

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Cement & Cement Products company Nuvoco Vistas Corporation announced Q3FY25 results

  • Volume grew by 16% YoY to 4.7 MMT.
  • Consolidated revenue from operation stood at Rs 2,409 crore.
  • Consolidated EBITDA stood at Rs 258 crore.
  • Consolidated cement sales volume registered a strong growth of 16% YoY to 4.7 MMT in Q3FY25.

Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp, said: “The Company proactively seized demand opportunities to bolster its position in the market and delivered strong volume growth during the quarter. Price increases in the recent period continue to reflect a positive trend, while sustained improvements in demand should support prices as well. Strategic priorities for the company remain centered on driving premiumization, optimizing geomix, enhancing fuel mix efficiency, strengthening brand presence, and maintaining cost excellence. The Company is confident in its expansion strategy and ability to execute on growth plans pertaining to Vadraj Cement, which will diversify its market footprints in the Western India, thereby supporting long-term growth ambitions and further consolidating its position as the 5th largest player in India.”

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Cement & Cement Products company Nuvoco Vistas Corporation announced Q2FY25 results

  • Consolidated revenue from operation stood at Rs 2,269 crore.
  • Consolidated EBITDA stood at Rs 229 crore.
  • Union Budget for FY25 has earmarked approximately Rs 11.11 lakh crore for infrastructure investments, the pace of on-ground execution is yet to see significant pick-up.

Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp., said: “Industry has been facing significant headwinds in recent times, including weak demand coupled with pricing pressure. The timing and pace of demand recovery rests upon on-ground execution of infrastructure and housing projects including those under PMAY and Purvodaya schemes. Moreover, sustainability of price improvements is contingent upon sustained demand growth. Nuvoco is navigating these volatilities with resilience by prioritizing premiumization, geo-optimization, brand strength, and operational excellence.”

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Cement & Cement Products company Nuvoco Vistas Corporation announced Q1FY25 results:

Financial Highlights: 

  • Consolidated revenue from operation stood at Rs 2,636 crore
  • Consolidated EBITDA stood at Rs 348 crore
  • The Company's consolidated cement sales volume stood at 4.8 MMT in Q1 FY25. Consolidated revenue from operations stood at Rs 2,636 crore, during the same period. Consolidated EBITDA for the quarter stood at Rs 348 crore.

Commenting on the performance of the Company, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp., stated, “The Company navigated the quarter marked by soft demand, primarily due to elections, weather-related factors, and continued pressure on pricing. Despite these challenges, the focus remained on strategic priorities such as value optimization, cost optimization, and operational efficiency. The Company has reached the lowest blended fuel cost in the last 11 quarters at Rs 1.57/ Mcal. The SAP unification program was successfully completed in line with the Company’s digital transformation journey, enabling us to streamline processes across the organization. Additionally, railway siding projects in Odisha and Sonadih are at an advanced stage of completion, which will further improve efficiency and profitability.

He further added, “Looking ahead, the timing and pace of demand recovery will depend on the onground execution of infrastructure and housing projects. In the near term, headwinds primarily stem from the demand-supply imbalance and continued pricing pressure. To address these challenges, the Company will continue to focus on value optimization, premiumization, geo-optimization, brand strengthening, along with a strong emphasis on cost optimization.”

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Cement & Cement products company Nuvoco Vistas Corporation announced FY24 results:

Financial Highlights:

  • Consolidated EBITDA at Rs 1,657 crore and PAT at Rs 147 crore; achieving highest-ever profitability
  • Net debt reduced by Rs 384 crore YoY to Rs 4,030 crore
  • Successfully commissioned 1.2 MMTPA Grinding unit at Haryana, increasing North share of capacity from 20% to 24%
  • The Company's consolidated cement sales volume stood at 18.8 MMT in FY24.
  • Consolidated revenue from operations stood at Rs 10,733 crore, in FY24. Consolidated EBITDA improved by 35% YoY to Rs 1,657 crore.
  • The company reduced net debt by Rs 384 crore YoY to Rs 4,030 crore, resulting in Net debt / EBITDA of 2.4x. 

Commenting on the performance of the Company, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. stated, “The Company enhanced its operational efficiencies and delivered strong growth in EBITDA and PAT despite a volatile demand environment during FY24, achieving the highest profitability. Our commendable operational outcomes reflect our dynamic and efficient strategy focused on premiumisation and cost optimisation. Moving to FY25, our strategies focus on growth, expanding our market presence, and extracting more volumes from home markets while continuing our thrust on efficiency improvement initiatives.”

Furthermore, he added, “The additional capacity in Haryana allows us to expand our market presence in the North while maintaining our leadership in the East. We have also seized the opportunity to grow our ReadyMix Concrete business, commissioning seven new plants this fiscal year, bringing the total to 58 plants pan-India.” 

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Cement & cement products company Nuvoco Vistas Corporation announced Q1FY24 results:

  • Consolidated cement sales volume for the Company increased by 7% YoY to 5 MMT in Q1FY24.
  • Consolidated revenue from operations during Q1FY24 improved by 6% YoY to Rs 2,805 crore
  • Consolidated EBITDA increased 7% YoY to Rs 402 crore
  • The company has amongst the lowest carbon emissions at 462 kg CO2 per ton of cementitious materials

Commenting on the performance of the Company, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. stated, “Cement demand continues to witness healthy growth on account of government initiatives in the infrastructure and housing segments. We anticipate an uptick in construction activities post-monsoon. Moreover, we have successfully countered the dynamic cost environment through the optimization of the power and fuel mix between pet coke, linkage coal, and AFR supported by a reduction in pet coke and coal prices.”

Furthermore, he added, “As for the expansion projects, the debottlenecking at the Risda Cement Plant has been completed during the quarter, while the cement expansion at Haryana Plant and debottlenecking at Nimbol Cement Plant are scheduled to be completed by September 2023 which will help us to establish a stronger presence in the North. The Ready-Mix Concrete business continues to expand its footprint across the country and has commissioned three new plants during this quarter.”

 

 

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