Nuvoco Vistas Corp. Ltd. announced its financial results for the year ended March 31, 2026, in Mumbai recently, reporting a consolidated volume of 20.4 million metric tonnes, a 5% year-on-year growth, as the building materials company advances capacity and distribution projects across India. The company reported consolidated total income of Rs 11,362 crore, up 10% year-on-year, while earnings before interest, taxes, depreciation and amortization increased 35% year-on-year to Rs 1,881 crore. Profit after tax rose to Rs 360 crore from Rs 22 crore in FY25. The Board approved a bulk cement terminal at Viramgam, Sachana, Gujarat, with a dedicated railway siding and handling capacity of approximately 1.5 million metric tonnes per annum, to strengthen reach across the Gujarat market with commissioning targeted by FY28.
Capacity Roadmap
The company continues to progress with project execution at the Vadraj Cement facilities, with the operationalisation of the clinker and grinding units planned in phases starting from Q3 FY27. In parallel, the planned 4 MMTPA expansion in the East, in phases till FY28, is progressing well, and will take Nuvocoโs total cement capacity to approximately 35 MMTPA. Nuvoco started operations in 2014 with a greenfield cement plant in Nimbol, Rajasthan, and subsequently acquired Lafarge India Limited, which entered India in 1999, and Emami Cement Ltd. in 2020 and Vadraj Cement Limited in April 2025. The company also announced expansion in the East through a new grinding mill at the Arasmeta Cement Plant complemented by debottlenecking projects, including equipment upgrades, process improvements, and internal debottlenecking initiatives. With this, Nuvoco is on track to achieve a total cement capacity of approximately 35 MMTPA, thereby consolidating its position as Indiaโs fifth-largest cement group in terms of capacity.
Product Performance
Premium products continued their strong momentum with premiumisation improving by 300 basis points year-on-year to a high of 43% in FY26, of trade volumes. The strong performance reflects rising brand momentum for the Nuvoco Concreto and Nuvoco Duraguard franchises, with growing recognition as preferred and trusted choices in the construction sector. Nuvocoโs cement product portfolio includes Concreto, Duraguard, Double Bull, Portland Slag Cement, Nirmax and Infracem brands that offer a complete spectrum of Ordinary Portland Cement, Portland Slag Cement, Portland Pozzolana Cement and Portland Composite Cement. The ready-mix concrete business continues to witness strong volume traction in the Concreto range. Capitalising on this demand, the division launched Concreto Tri Shield during the year, a specialised solution offering three-layer durability and an approximately 50% increase in structural lifespan.
Segment Updates
The newly introduced Artiste Elite Collection provides premium decorative concrete with four contemporary, application-ready finishes that enhance aesthetics while ensuring reliable performance. Nuvocoโs ready-mix concrete business possesses a pan-India presence and offers value-added products under Concreto, Artiste, InstaMix, X-Con and Ecodure brands. It is also a contributor to landmark projects like the Mumbai-Ahmedabad Bullet Train, Birsa Munda Hockey Stadium, Aquatic Gallery Science City, and metro railway projects in Delhi, Jaipur, Noida and Mumbai. The modern building materials business is gaining healthy momentum across the Construction Chemicals, Tile Adhesives, and Block Jointing Mortars portfolios under the Zero M brands, which comprise construction chemicals, tile adhesives, wall putty and cover blocks.
Management Outlook
Commenting on the performance of the company, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., stated, โFY26 marks a defining year for Nuvoco, highlighted by increased volumes, revenue and profitability. The Company achieved solid growth in both EBITDA and PAT, reflecting strong execution of core strategies focused on premiumisation, strengthening trade channels, and driving cost optimisation, despite headwinds. On the growth agenda, the refurbishment and project execution at our Vadraj Cement Plant are progressing as planned. This strategic expansion will significantly strengthen our presence in the Western and Northern markets.โ Furthermore, he added, โThe current geopolitical uncertainty could create near-term headwinds, particularly due to higher fuel prices and increased costs of raw materials for packing bags. The Company remains vigilant and is implementing comprehensive measures, including price hikes, prudent procurement, cost optimisation, and greater supply-chain efficiency. While these geopolitical uncertainties are expected to impact margins at least one to two quarters, Nuvoco remains committed to its growth journey.โ
