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Nuvoco Vistas delivered a strong Q4 FY26, with consolidated volume up 5% YoY to 6 MMT, revenue at ₹3,307 Cr (+9% YoY), and EBITDA reaching ₹590 Cr (+6% YoY). FY26 also saw record performance: 20.4 MMT volume, ₹11,338 Cr revenue, and ₹1,881 Cr EBITDA (+35% YoY). Premiumization hit 44% in Q4. The company is on a structural growth path to 35 MMTPA capacity by FY28 via Vadraj Cement and East region expansions, with Vadraj progressing on schedule for phased commissioning from H1 FY27. Management is focused on cost optimization and premiumization amid potential geopolitical cost headwinds, anticipating sustained demand from infrastructure and housing.