Nuvoco Vistas Reports Strong Q2 Growth, Announces Major Capacity Expansion to 35 MMTPA by FY27

Mumbai/Jamshedpur, Oct 15: 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, after completing all internal projects, namely railway sidings at Sonadih Cement Plant and Odisha Cement Plant, thereby enabling more economical and efficient servicing of markets. With these enhancements, Nuvoco’s cement capacity is set to increase to 35 MMTPA by FY27.

The Company sustained improved YoY performance during the quarter. The Company achieved a consolidated cement sales volume of 4.3MMT in Q2 FY26. Consolidated revenue from operations grew 8% YoY to Rs.2,458Cr. in Q2 FY26. The Company also reported its highest-ever second-quarter consolidated EBITDA of Rs.371Cr. in Q2 FY26.Furthermore, the Company remained committed to its deleveraging agenda, reducing like-to-like¹ net debt by Rs. 1,009Cr.YoY to Rs. 3,492Cr.

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. The strong uptick reflects strengthening brand momentum for NuvocoConcreto and NuvocoDuraguard franchisees, which are steadily gaining recognition as reliable choices for high-quality construction applications.

The Company’s commitment to sustainability is evident as it continues to lead the industry with the lowest carbon emissions at 453.8 kg CO₂ per ton² of cementitious materials.

Commenting on the performance of the Company,  Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., stated, “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.”

He further added, “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.”