Nuvoco reports highest-ever Q1 Ebitda on higher premiumisation and trade sales

Nirma-promoted and Mumbai-headquartered Nuvoco Vistas , one of India’s leading building materials companies, has kicked off FY26 on a strong note, posting its highest-ever first-quarter consolidated Ebitda of ₹533 crore for the April–June 2025 period. The milestone performance was driven by a 6% year-on-year growth in cement volumes to 5.1 million metric tonnes (MMT), an improved trade mix, and increased focus on premium products.

The company’s consolidated revenue from operations grew 9% year-on-year to ₹2,873 crore in the first quarter, bolstered by rising sales of branded products such as Nuvoco Concreto and Duraguard. Premium products accounted for 41% of the company’s trade volume during the quarter, while the overall trade channel mix stood at a robust 76%—the highest in the last 13 quarters. 

Managing Director Jayakumar Krishnaswamy attributed the strong performance to a focused execution of strategic priorities. “We 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,” he said. “Looking ahead, we remain committed to drive sustained growth and expand our market presence.” 

A major strategic move during the quarter was the successful acquisition of Vadraj Cement (VCL), which will help Nuvoco expand its cement capacity from the current 25 MMTPA (million metric tonnes per annum) to approximately 31 MMTPA by third quarter FY27. This will reinforce the company’s position as India’s fifth-largest cement group by capacity. The acquisition is also expected to strengthen its footprint in Western and Northern India, in alignment with Nuvoco’s geographic expansion strategy.

The company also made meaningful progress on the deleveraging front, with a like-to-like net debt reduction of ₹884 crore over the past year, bringing total net debt down to ₹3,474 crore, excluding VCL acquisition-related debt. 

On the sustainability front, Nuvoco reported a further decline in its carbon emissions to 453.8 kg of CO₂ per tonne of cementitious material, compared to 457 kg in FY25—reinforcing its position as an industry leader in green manufacturing. 

As part of its diversified portfolio, Nuvoco continues to operate across three verticals—Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM). The company’s innovative RMX offerings, such as Artiste, InstaMix, and Ecodure, have been integral to iconic infrastructure projects including the Mumbai-Ahmedabad Bullet Train and Metro systems in multiple Indian cities.