Nuvoco Vistas Corporation Ltd
P&L
Quarterly Consolidated
vs Q1 FY26
Nuvoco Vistas Reports Q2 FY26: Achieves All-Time High EBITDA of Rs. 371 Cr. and Reduces Net Debt
15 Oct 2025 · 15 Oct 2025, 01:54 pm
Summary
Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its financial results for the quarter ended September 30, 2025. The Company is on a robust capacity-growth path supported by continuous deleveraging initiatives. The manufacturing facilities of the recently acquired Vadraj Cement Plant are in the process of being refurbished, with operationalisation targeted by Q3 FY27. Furthermore, the Company has also embarked on expanding capacity in the East by 4 MMTPA in phases between December'2025 and March'2027. With these enhancements, Nuvoco’s cement capacity is set to increase to 35 MMTPA by FY27.
Key Highlights
- 1
Achieved all-time high second-quarter consolidated EBITDA of Rs. 371 Cr.
- 2
Cement volume for Q2 FY26 at 4.3 MMT; Premiumisation reaching an all-time high of 44%
- 3
Deleveraging initiative continued with like-to-like’ Net debt reduction of Rs. 1,009 Cr. YoY to Rs. 3,492 Cr.
- 4
Refurbishment activities and project execution at Vadraj Cement Ltd. are on schedule
- 5
East expansion capacity to reach 35 MMTPA by FY27
- 6
Consolidated revenue from operations grew 8% YoY to Rs. 2,458 Cr. in Q2 FY26
- 7
Premium products continue to remain a strategic priority for the Company, with their share of trade volume reaching a historic high of 44% in Q2 FY26
Management Comments
Mr. Jayakumar Krishnaswamy
Despite the 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. The disciplined approach enabled the Company to achieve its highest-ever second-quarter consolidated EBITDA. Looking ahead, we remain confident in our structural growth trajectory. Refurbishment and project execution at the Vadraj Cement Plant are progressing as scheduled, which will enhance our market footprint in the Western region. 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. Together with these initiatives, we will continue to prioritise premiumisation, geo-optimisation, and cost efficiency to further reinforce our competitive advantage.
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