Nuvoco Vistas Swings to Profit on Record Sales, EBITDA Surge
Overview
Nuvoco Vistas Corporation Ltd has returned to profitability, reporting a ₹49 crore net profit for the third quarter of FY26. This turnaround was driven by record cement sales volume of 5 million tonnes, a 12% increase in revenue to ₹2,701 crore, and a substantial 48.5% rise in EBITDA to ₹383.8 crore. The company highlighted strong momentum in premium products and operational efficiencies contributing to margin expansion.
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Profitability Rebounds
Nuvoco Vistas Corporation Ltd reported a net profit of ₹49 crore for the third quarter ending December 31, 2025. This marks a significant turnaround from the ₹61.4 crore loss recorded in the same period last year. The company’s financial performance defied early macroeconomic headwinds.
Record Sales Drive Revenue Growth
Revenue for the quarter climbed 12% year-on-year, reaching ₹2,701 crore, up from ₹2,409 crore. This growth was underpinned by the highest-ever third-quarter cement sales volume, which hit 5 million tonnes, a 7% increase from the previous year. This sustained volume traction is a key indicator of market demand recovery.
EBITDA and Margin Expansion
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 48.5% to ₹383.8 crore, compared to ₹258.4 crore a year ago. The EBITDA margin improved to 14.2% from 10.7% in Q3FY25, reflecting enhanced operational efficiency and effective cost management, including the lowest blended fuel cost in 17 quarters at ₹1.41 per Mcal.
Premium Products Maintain Momentum
Nuvoco Vistas' strategy of premiumisation continued to yield strong results, with the share of premium products holding steady at a historic high of 44% for the second consecutive quarter. Brands like Nuvoco Concreto and Nuvoco Duraguard are gaining recognition as preferred choices in the building materials sector, bolstering brand traction.
The Ready Mix Concrete (RMX) business saw volume growth driven by the Concreto product range. The division launched Concreto Tri Shield, a specialized product designed for increased durability and extended structural lifespan. Concurrently, the Mineral-Based Materials (MBM) business introduced the Nuvoco Zero M Unnati App, a digital loyalty platform aimed at enhancing customer engagement and channel growth.
Strategic Capacity Expansion Underway
Nuvoco Vistas is progressing with its strategic capacity expansion in the eastern region and project execution at its Vadraj Cement facilities. The company plans to operationalize its clinker and grinding units in phases, beginning Q3FY27. These initiatives are projected to elevate Nuvoco's total cement capacity to approximately 35 million tonnes per annum (MTPA), solidifying its position as India's fifth-largest cement group.
Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp, commented on the results, "Despite early macroeconomic challenges from prolonged monsoon and festivities that softened demand in October and November, December saw healthy double-digit growth, demonstrating strong recovery momentum. The company delivered its highest-ever third quarter volume and a 50% YoY rise in EBITDA, driven by a sustained focus on premiumisation and operational excellence."
Shares of Nuvoco Vistas Corporation Ltd closed at ₹354.30 on Wednesday, marking a 0.40% increase.
