Nuvoco Vistas Corporation Limited , a prominent player in the Indian cement industry, has reported a robust financial performance for the second quarter of fiscal year 2026, overcoming significant challenges posed by prolonged monsoons and GST rate transition.

Financial Highlights

The company achieved an EBITDA of Rs 371.00 crores in Q2 FY'26, marking a substantial 62% year-on-year increase. This impressive growth came despite facing adverse weather conditions and the complexities of GST rate changes.

Revenue and Market Performance

Nuvoco Vistas delivered a 1% quarter-on-quarter revenue growth per ton, demonstrating resilience in a challenging market environment. The company reached a record premiumization level of 44%, indicating strong brand momentum for its premium products, Concreto and Duraguard.

Key Operational Metrics

The company maintained a favorable trade mix at 74%. Fuel costs increased slightly to Rs 1.46 per Mcal due to higher petcoke prices. Net debt decreased by Rs 1,009.00 crores year-on-year to Rs 3,492.00 crores.

Strategic Initiatives

1. Capacity Expansion: Nuvoco Vistas announced a 4 million ton capacity expansion in the East at an investment of less than Rs 200.00 crores, with phased commissioning starting December 2025.

2. Vadraj Cement Acquisition: Progress continues on the Vadraj Cement acquisition, with plants targeted for commissioning by Q3 FY'27.

3. Market Outlook: Management expects 7-8% demand growth in coming months and targets Rs 25-50 per ton realization improvement through premiumization and geo-mix optimization.

4. GST Impact: The company passed on the full benefit of GST rate reduction from 28% to 18% to customers, demonstrating its commitment to customer value.

Future Outlook

Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas, expressed optimism about future growth prospects. He stated, "We remain firmly focused on sustaining growth and enhancing our market position. The Vadraj cement project and our expansion in the eastern region will further reinforce our leadership position in those markets."

The company plans to prioritize strategic initiatives such as premiumization, geo-optimization, and cost efficiency to enhance its competitive edge and deliver long-term value to stakeholders.

As the Indian cement industry navigates through changing market dynamics and regulatory landscapes, Nuvoco Vistas appears well-positioned to capitalize on growth opportunities while maintaining a focus on operational excellence and financial prudence.

Nuvoco Vistas Corporation Limited , a leading building materials company in India, has announced robust financial results for the second quarter, demonstrating significant growth and operational efficiency.

Key Financial Highlights

Operational Achievements

Nuvoco Vistas has made substantial progress in various operational areas:

• Debt Reduction: Like-to-like net debt reduced by Rs 1,009.00 crore year-on-year to Rs 3,492.00 crore
• Premium Products: Reached a historic high of 44% of trade volume
• Expansion Plans: On track to increase cement capacity to 35 MMTPA by FY27

Strategic Developments

1. Vadraj Cement Limited Acquisition: The company has completed the acquisition of Vadraj Cement Limited, with refurbishment activities progressing as scheduled. The plant is targeted for operationalization by Q3 FY27.

2. East Expansion: Nuvoco is expanding its capacity in the East by 4 MMTPA, to be completed in phases between December 2025 and March 2027.

3. Infrastructure Improvements: The company has completed internal projects, including railway sidings at Sonadih Cement Plant and Odisha Cement Plant, enhancing market servicing efficiency.

Management Commentary

Mr. Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas Corp. Ltd., stated, "Despite 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."

He added, "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."

Sustainability Focus

Nuvoco Vistas continues to lead the industry in sustainability efforts, maintaining the lowest carbon emissions at 453.80 kg CO2 per ton of cementitious materials.

Future Outlook

The company remains confident in its structural growth trajectory, prioritizing premiumisation, geo-optimization, and cost efficiency to reinforce its competitive advantage in the building materials sector.

As Nuvoco Vistas Corporation Limited continues to expand its capacity and improve operational efficiency, it is well-positioned to capitalize on the growing demand for high-quality construction materials in India's rapidly developing infrastructure sector.