Nuvoco Vistas Corporation Limited — Investor Meet, 15-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Nuvoco Vistas reported strong Q2 FY26 results: Revenue at ₹ 2,458 Cr (+8% YoY), EBITDA at ₹ 371 Cr (+62% YoY), marking its highest Q2 EBITDA. Volume grew 2% YoY to 4.3 MMT, with premiumization hitting an all-time high of 44%. Net debt (excluding Vadraj) reduced by ₹ 1,009 Cr YoY to ₹ 3,492 Cr.

The company is on track to expand capacity to 35 MMTPA by FY27, including the Vadraj acquisition (operational by Q3 FY27) and a 4 MMTPA East expansion. Management remains optimistic, citing infrastructure and housing spending as key demand drivers, while actively focusing on cost optimization and market diversification.