Nuvoco Vistas Corporation Limited — Investor Meet, 15-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Nuvoco Vistas Q3 FY26 saw consolidated volume hit an all-time high of 5 MMT, up 7% YoY, with revenue at ₹2,701 Cr., a 12% increase. EBITDA surged 50% YoY to ₹386 Cr., driven by operational excellence and industry-leading premiumization (44%). The company maintains a healthy trade mix (71%). Net debt stood at ₹4,217 Cr. with ₹600 Cr. short-term debt for Vadraj acquisition refinanced. Vadraj projects are progressing, targeting commissioning between Q3 FY27 and Q1 FY28, expanding capacity to 35 MMTPA. Management sees sustainable demand from significant unspent government capex, leading to price increases in Jan'26. Fuel, distribution, and raw material costs declined QoQ, boosting efficiency. Management appears confident on growth and operational leverage.