Nuvoco Forecasts Rs 130 bn FY27 Revenue

24 Jul 2026 CW Team

The company expects costs to rise by Rs 100 to 120 per tonne (t) in the ongoing second quarter owing to monsoon related kiln maintenance shutdowns, higher fixed costs, and normal inflation in raw materials and diesel. Management indicated that fuel costs should not increase materially this quarter after securing petroleum coke supplies. The firm reported that pricing discipline had been restored across the industry and that any further input cost escalation would be met with price adjustments to protect margins.

Nuvoco anticipates the domestic cement industry to grow seven to eight per cent in FY27 and has no plans to expand into South India over the next five to seven years because of lower capacity utilisation and weaker returns in that market. The company said priorities include strengthening the premium product portfolio, improving the trade sales mix, and maintaining capacity utilisation at around 80 per cent. Maintaining a disciplined cost structure remains central to its strategy.

Premium products currently account for around 44 per cent of the portfolio and the company aims to lift that share to over 50 per cent during FY27 to enhance margins and profitability. The sales mix presently stands at a 75:25 non trade to trade ratio and integration of the Gujarat business will temporarily increase the non trade share before it is restored over 24 to 36 months. In the first quarter of FY27 consolidated profit after tax rose 19.97 per cent year on year to Rs 1.598 bn, revenue from operations was Rs 31.29 bn and the company reported a quarterly earnings before interest, tax, depreciation, and amortisation (Ebitda) of Rs 5.72 bn.

Nuvoco Vistas Corp expects FY27 revenue to top Rs 130 billion (bn) as cement volumes gather pace, the company announced. The figure equates to Rs 130 bn after conversion from crore denominated targets and reflects management guidance for the next financial year. The chief executive outlined that prior constraints had limited volume growth but that recovery in demand during June and July had helped performance. The company expects costs to rise by Rs 100 to 120 per tonne (t) in the ongoing second quarter owing to monsoon related kiln maintenance shutdowns, higher fixed costs, and normal inflation in raw materials and diesel. Management indicated that fuel costs should not increase materially this quarter after securing petroleum coke supplies. The firm reported that pricing discipline had been restored across the industry and that any further input cost escalation would be met with price adjustments to protect margins. Nuvoco anticipates the domestic cement industry to grow seven to eight per cent in FY27 and has no plans to expand into South India over the next five to seven years because of lower capacity utilisation and weaker returns in that market. The company said priorities include strengthening the premium product portfolio, improving the trade sales mix, and maintaining capacity utilisation at around 80 per cent. Maintaining a disciplined cost structure remains central to its strategy. Premium products currently account for around 44 per cent of the portfolio and the company aims to lift that share to over 50 per cent during FY27 to enhance margins and profitability. The sales mix presently stands at a 75:25 non trade to trade ratio and integration of the Gujarat business will temporarily increase the non trade share before it is restored over 24 to 36 months. In the first quarter of FY27 consolidated profit after tax rose 19.97 per cent year on year to Rs 1.598 bn, revenue from operations was Rs 31.29 bn and the company reported a quarterly earnings before interest, tax, depreciation, and amortisation (Ebitda) of Rs 5.72 bn.

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