Nuvoco Vistas Corp. Ltd. announced record consolidated EBITDA of ₹371 Cr for Q2 FY26, with cement volumes at 4.3 MMT. Premiumisation reached an all-time high of 44%. Net debt reduced by ₹1,009 Cr YoY to ₹3,492 Cr. Vadraj Cement Ltd. refurbishment and East expansion are on schedule, targeting 35 MMTPA capacity by FY27.
Financial Performance Highlights
Nuvoco Vistas Corp. Ltd. reported its financial results for the quarter ended September 30, 2025, showcasing strong performance and growth. Key highlights include:
- Achieved an all-time high second-quarter consolidated EBITDA of ₹371 Cr.
- Cement volume for Q2 FY26 reached 4.3 MMT.
- Premiumisation reached a record high of 44%.
Consolidated revenue from operations grew by 8% YoY to ₹2,458 Cr in Q2 FY26. The company reduced its like-to-like net debt by ₹1,009 Cr YoY, bringing it down to ₹3,492 Cr.
Capacity Expansion and Projects
The company is actively expanding its capacity and upgrading its facilities:
- Refurbishment activities and project execution at Vadraj Cement Ltd. are progressing as scheduled. Operationalisation is targeted for Q3 FY27.
- The East expansion project aims to increase capacity by 4 MMTPA in phases between December 2025 and March 2027, bringing the total capacity to 35 MMTPA by FY27.
Strategic Focus
Nuvoco remains focused on premium products, with their share of trade volume reaching a historic high of 44% in Q2 FY26. The company is committed to sustainability and has the lowest carbon emissions at 453.8 kg CO2 per ton of cementitious materials.
Management Commentary
Mr. Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., stated that the company continues to deliver improved performance through a sustained focus on premiumisation and trade mix, despite macro headwinds. He also noted that the refurbishment and project execution at the Vadraj Cement Plant are progressing as scheduled, which will enhance the company’s market footprint in the Western region. The East expansion will further strengthen the company’s presence and address the rising demand for blended products.
Source: BSE