Nuvoco Vistas Corporation Limited — Investor Meet, 24-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Nuvoco Vistas reported strong Q1 FY26, with volume growing 6% and revenue up 9% YoY to Rs. 2,873 Cr. Consolidated EBITDA hit a record Rs. 533 Cr, translating to a 16-quarter high EBITDA per ton of Rs. 1,052. The company reduced net debt to Rs. 3,474 Cr. The Vadraj Cement acquisition is complete, with plants aimed for full operation by Q3 FY27. Funding includes Rs. 600 Cr long-term debt and Rs. 1,200 Cr via equity-like instruments (CCPs/CCDs) that won't add to balance sheet debt. Management highlighted sustained pricing, 41% premium product mix, and ongoing cost optimization efforts, targeting Rs. 50/ton savings. Expects 7-10% industry growth post-monsoon driven by government CAPEX. Management is confident in sustaining profitability.