On a consolidated basis, net profit surged 4,589% year-on-year to Rs 133.16 crore in Q1 FY26. Revenue from operations grew 8.96% YoY to Rs 2,872.70 crore during the quarter. Profit before tax zoomed 3861% YoY to Rs 201.60 crore, while EBITDA increased 53.16% YoY to Rs 533 crore, the company's highest-ever for a first quarter.
In Q1 FY26, revenue from the cement segment rose 9.43% YoY to Rs 2,630.35 crore, while revenue from ready-mix concrete and others declined 0.64% YoY to Rs 254.45 crore. Cement sales volume stood at 5.1 million metric tonnes (MMT) in Q1 FY26.
The company stated that it’s on track to achieve approximately 31 MMTPA cement capacity by Q3 FY27 post successful acquisition of Vadraj Cement (VCL), retaining its fifth-largest cement group position in India for the long term. While the company remains a leading player in East India, this acquisition aligns seamlessly with Nuvoco’s strategy of expanding its presence in the Western and Northern regions. It brings complementary capabilities to enhance geographic reach and create long-term value for stakeholders.
Furthermore, the company remained committed to its deleveraging agenda, reducing like-for-like net debt by Rs 884 crore YoY to Rs 3,474 crore. Premium products continue to be a strategic priority for the company, with their share of trade volume rising to 41% in Q1 FY26. The company also achieved a robust trade mix of 76%—the highest in the last 13 quarters. The sustained momentum of the NuvocoConcreto and NuvocoDuraguard product portfolio reflects growing recognition as trusted solutions for superior construction needs.
The company’s commitment to sustainability is evident as it continues to lead the industry with the lowest carbon emissions, further reducing emissions to 453.8 kg CO₂ per ton of cementitious materials, down from 457 kg CO₂ per ton in FY24.
Jayakumar Krishnaswamy, managing director of Nuvoco Vistas Corp, said, “The company witnessed healthy volume growth during the quarter. It maintained a sharp focus on premiumization and trade mix, which contributed to enhanced realizations and led to the highest-ever first-quarter consolidated EBITDA in the company’s history. Looking ahead, we remain committed to driving sustained growth and expanding our market presence.”
He further added, “Following the successful acquisition of Vadraj Cement, the company is fully geared up to operationalize the plants at Kutch and Surat by Q3 FY27 and at the same time expand its market footprint in the Western region. Alongside this, the Company will continue to prioritize initiatives around premiumization, geo-optimization, and cost efficiency to further strengthen its competitive edge.”
Nuvoco Vistas Corporation (NVC) is one of the largest cement companies and concrete manufacturers in India, with a consolidated capacity of 25 MMTPA. It offers a diversified range of products such as cement, ready-mix concrete (RMX), and modern building materials, i.e., adhesives, wall putty, dry plaster, cover blocks, and more.