Nuvoco Vistas Reports Surging Profitability and 35% EBITDA Growth for FY26
Mumbai, April 15, 2026: Nuvoco Vistas Corp. Ltd., a prominent player in India’s building materials sector, has reported a 5% year-on-year growth in consolidated volumes, reaching 20.4 MMT, while consolidated total income rose by 10% to hit Rs. 11,362 cr.
According to a press release, the company’s profitability saw a dramatic upward trajectory, with EBITDA increasing by 35% year-on-year to reach Rs. 1,881 cr. This robust operational performance translated into a substantial leap in Profit After Tax (PAT), which climbed to Rs. 360 cr. from the Rs. 22 cr. recorded in FY25. Management attributed these gains to a high-performing product mix, noting that premiumization improved by 300 bps to reach an industry-leading level of 43%, fueled by the strong market reputation of the Nuvoco Concreto and Nuvoco Duraguard brands.
Strategic expansion remains a central pillar of the company’s forward-looking agenda. Nuvoco confirmed that the refurbishment of its Vadraj Cement facilities is progressing on schedule, with clinker and grinding units expected to become operational in phases starting in Q3 FY27. Additionally, a planned 4 MMTPA expansion in the East is underway, which is projected to bring the company’s total cement capacity to approximately 35 MMTPA by FY28. To bolster its presence in Western India, the Board has approved a new bulk cement terminal at Sachana, Gujarat, featuring a handling capacity of 1.5 MMTPA and a dedicated railway siding.
The company’s Ready-Mix Concrete (RMX) and Modern Building Materials (MBM) divisions also reported healthy momentum. The RMX business capitalized on demand by launching Concreto Tri Shield, a solution designed to increase structural lifespan by approximately 50%, alongside the Artiste Elite Collection for decorative concrete. Meanwhile, the MBM segment saw steady growth across its tile adhesives and construction chemicals portfolios.
Commenting on the year’s performance, Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas Corp. Ltd., stated, “FY26 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.”
Despite the strong annual performance, the company remains cautious regarding the global economic climate. Krishnaswamy noted that geopolitical tensions could impact future margins through rising fuel and raw material costs.
“The 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,” he added.
