Nuvoco Vistas Corporation Limited — Investor Meet, 07-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Nuvoco posted record quarterly cement sales of 5.7 million tons (+8% YoY) and FY25 sales of 19.4 million tons, with revenue of Rs. 3,042 Cr in Q4 and Rs. 10,357 Cr for the year. Pricing improved, adding Rs. 8-10 per bag from Q4 into Q1 FY26. Cost savings exceeded Rs. 200/ton, including Rs. 56/ton from Project Bridge, targeting Rs. 100-150/ton over 2-3 years. Net debt stands at Rs. 3,640 Cr.

Vadraj acquisition will boost capacity to 31 mtpa by Q3 FY27, supported by a new grinding unit in Kutch (Rs. 1,500 Cr CAPEX). Gujarat volumes are expected to double by FY28, driven by channel expansion and premium products. Cement demand in FY26 is seen growing 7-8%, backed by government CAPEX and housing, with focus on premiumization, efficiency, geographic growth, and cost control.