Nuvoco Vistas registers 16% YoY growth in cement sales

Mumbai/Jamshedpur, Jan 22: Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its unaudited financial results for the quarter ended December 31, 2024. With 25MMTPA of combined installed capacity, Nuvoco Vistas Corp. Ltd. is the 5^thlargest cement group in India and amongst the leading cement players in East India. The Company is on track to achieve 31 MMTPA cement capacity¹ by Q3 FY27 after emerging as the Successful Resolution Applicant for Vadraj Cement Limited (VCL). A Letter of Intent has already been issued. The VCL facility comprises of 3.5 MMTPA clinker unit in Kutch and a 6 MMTPA grinding unit in Surat and reflects the Company’s drive for growth and diversification. The Company’s consolidated cement sales volume registered a strong growth of16% YoY to 4.7MMT in Q3FY25. Consolidated revenue from operations stood atRs.2,409 crores during the same period. Consolidated EBITDA for the quarter stood at Rs.258crores.

Commenting on the company’s performance, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., stated, “The Company proactively seized demand opportunities to bolster its position in the market and delivered strong volume growth during the quarter.Price increases in the recent period continue to reflect a positive trend, while sustained improvements in demand should support prices as well. Strategic priorities for the company remain centered on driving premiumization, optimizing geo-mix, enhancing fuel mix efficiency, strengthening brand presence, and maintaining cost excellence. The Company is confident in its expansion strategy and ability to execute on growth plans pertaining to Vadraj Cement, which will diversify its market footprints in the Western India, thereby supporting long-term growth ambitions and further consolidating its position as the 5^th largest player in India.”