Nuvoco Vistas Corp reported a strong performance for Q3 FY26, with volume up 7% YoY and EBITDA surging 50% YoY. Premiumization remained high at 44%. The company provided updates on the Vadraj Cement Plant acquisition, highlighting progress towards operationalization with trial operations expected in H1 FY27 and commissioning between Q3 FY27 and Q1 FY28.
Key Financial Highlights
Nuvoco Vistas Corp reported the following key financial results for Q3 FY26:
- Volume: All-time high of 5 MMT, up 7% YoY.
- Premiumization: Maintained industry-leading premiumization at 44% for consecutive quarters. 9M FY26 premiumization at 43%.
- EBITDA: Surged 50% YoY.
Vadraj Cement Plant Acquisition Update
The company provided an update on the Vadraj Cement Plant acquisition, outlining the following key milestones:
- Execution activities commenced across all sections at Kutch & Surat.
- Trial operations are targeted for H1 FY27.
- Commissioning is expected between Q3 FY27 and Q1 FY28.
Strategic Developments and Outlook
Nuvoco Vistas is focused on the following strategic priorities:
- East region expansion driving capacity to 35 MMTPA with expansion remaining on target.
- Maintaining a structural growth trajectory through acquisitions and expansions.
- Sustaining cement demand through infrastructure and housing-led spending.
Efforts to Optimize Costs
The company highlighted its continuous efforts to optimize costs, including:
- Fuel cost declined QoQ to ₹1.41/ Mcal.
- Raw material cost decreased QoQ.
- Distribution cost declined QoQ supported by operational efficiency gains.
Source: BSE
