Nuvoco Vistas Achieves All-Time High Q1 Consolidated EBITDA of ₹533 Cr

Mumbai, July 17, 2025: Nuvoco Vistas Corp. Ltd., a leading building materials company, announced its financial results for the quarter ended June 30 on Thursday. With 25 MMTPA of combined installed capacity, the company is on track to achieve around 31 MMTPA cement capacity by Q3 FY27 after the successful acquisition of Vadraj Cement Limited by retaining its fifth-largest cement group position in 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.

The company achieved a consolidated cement sales volume of 5.1 MMT in Q1. Consolidated revenue from operations grew nine per cent YoY to INR 2,873 crore in Q1. The company also reported its highest-ever first-quarter consolidated EBITDA of INR 533 crore in Q1.

Furthermore, the company remained committed to its deleveraging agenda, reducing like-for-like net debt by INR 884 crore YoY to INR 3,474 crore.

Premium products continue to be a strategic priority for the company with their share of trade volume rising to 41 per cent in Q1. The company also achieved a robust trade mix of 76 per cent—the highest in the last 13 quarters. The sustained momentum of the Nuvoco Concreto and Nuvoco Duraguard 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 tonne of cementitious materials, down from 457 kg CO₂ per tonne in FY24.

“The company witnessed healthy volume growth during the quarter. It maintained a sharp focus on premiumisation and trade mix, which contributed to enhanced realisations and led to the highest-ever first-quarter consolidated EBITDA in the company’s history,” said Jayakumar Krishnaswamy, MD, Nuvoco Vistas Corp. 

“Looking ahead, we remain committed to driving sustained growth and expanding our market presence. Following the successful acquisition of Vadraj Cement, the company is fully geared up to operationalise the plants at Kutch and Surat by Q3 FY27 and at the same time, expanding its market footprint in the western region.”

The company will continue to prioritise initiatives around premiumisation, geo-optimisation and cost efficiency to further strengthen its competitive edge, he added.