Nuvoco Achieves Record Q1 EBITDA, Expands Cement Capacity

18 Jul 2025 CW Team

Nuvoco Vistas Corp. Ltd. posted its highest-ever first-quarter consolidated EBITDA of Rs 5.33 billion for Q1 FY26. Cement volumes reached 5.1 MMT, registering a 6 per cent year-on-year growth. Revenue grew 9 per cent YoY to Rs 2,873 crore, while like-to-like net debt was reduced by Rs 8.84 billion to Rs 34.74 billion.

The company remains the fifth largest cement group in India by capacity, following its acquisition of Vadraj Cement Limited, which is expected to increase capacity to approx. 31 MMT by Q3 FY27. This acquisition bolsters Nuvoco's strategy to expand its presence in Western and Northern India, complementing its stronghold in the East.

Premium products now account for 41% of trade volumes, and the company achieved a 76% trade mix—the highest in the past 13 quarters. Flagship brands like Nuvoco Concreto and Duraguard have contributed to this growth, driven by demand for quality construction solutions.

On the sustainability front, the company reduced carbon emissions to 453.8 kg CO2 per ton of cementitious materials, down from 457 kg in FY24, maintaining its leadership in low-emission manufacturing.

MD Jayakumar Krishnaswamy stated, "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."

Nuvoco began operations in 2014 with a greenfield plant in Nimbol, Rajasthan, and later acquired Lafarge India and Emami Cement. The recent approval from the NCLT for Vadraj's acquisition under IBC has strengthened its growth trajectory.

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