Nuvoco Vistas Q3 Results: Profit at ₹49 Cr on Record Sales

Nuvoco Vistas Returns to Profitability in Q3

Nuvoco Vistas Corporation Ltd, a leading player in the Indian cement industry, announced a significant financial turnaround for the third quarter of fiscal year 2026. The company reported a consolidated net profit of ₹49 crore, a stark contrast to the ₹61.4 crore loss recorded in the same quarter of the previous year. This recovery was underpinned by record sales volume and enhanced operational metrics, signaling resilience despite initial market headwinds.

Strong Revenue and EBITDA Growth

The company's revenue from operations for the quarter ended December 2025 saw a healthy 12% year-on-year increase, reaching ₹2,701 crore compared to ₹2,409 crore in Q3 FY25. This growth was primarily driven by a surge in cement sales. The operational performance also showed marked improvement, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rising by 48.5% to ₹383.8 crore from ₹258.4 crore a year ago. Consequently, the EBITDA margin expanded significantly to 14.2%, a substantial improvement from the 10.7% margin reported in the corresponding period last year.

Record Sales Volume and Premiumisation Strategy

A key factor behind the strong performance was the achievement of Nuvoco Vistas' highest-ever third-quarter cement sales volume, which stood at 5 million tonnes (MT). This represents a 7% growth over the same period last year. The company's strategic focus on premium products continued to yield positive results. The share of premium products in the overall sales mix remained at a historic high of 44% for the second consecutive quarter. This sustained momentum highlights the growing market acceptance and brand strength of its Nuvoco Concreto and Nuvoco Duraguard franchises.

Management Commentary on Performance

Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas Corp, commented on the quarterly performance, stating, "Despite early macroeconomic challenges from prolonged monsoon and festivities that softened demand in October and November, December saw healthy double-digit growth, demonstrating strong recovery momentum." He attributed the nearly 50% year-on-year rise in EBITDA to the company's sustained focus on premiumisation and operational excellence. Krishnaswamy also noted a significant operational milestone, achieving the lowest blended fuel cost in the last 17 quarters at ₹1.41 per Mcal, which directly contributed to the improved profitability.

Key Financial Highlights: Q3 FY26 vs Q3 FY25

Strategic Initiatives and Future Outlook

Nuvoco Vistas is actively pursuing strategic expansion to solidify its market position. The company is making progress on its capacity expansion projects in the eastern region and is also focused on project execution at the recently acquired Vadraj Cement facilities. The operationalisation of the new clinker and grinding units is planned in a phased manner, beginning from the third quarter of fiscal year 2027. These expansion initiatives are set to increase Nuvoco's total cement capacity to approximately 35 million tonnes per annum (MTPA). This will reinforce its standing as the fifth-largest cement group in India and position it to capitalize on future demand growth.

Innovations and Digital Engagement

In addition to capacity expansion, the company continues to innovate. Its Ready-Mix Concrete (RMX) business launched 'Concreto Tri Shield,' a specialized product designed to offer enhanced durability and a nearly 50% increase in structural lifespan. Furthermore, the Modern Building Materials (MBM) business introduced the 'Nuvoco Zero M Unnati App,' a digital loyalty platform. This app is designed to improve engagement with influencers, enhance transparency in the sales channel, and leverage data for growth.

Market Reaction

Ahead of the results announcement, the market sentiment appeared stable. On January 14, 2026, the shares of Nuvoco Vistas Corporation Ltd closed at ₹354.30 on the BSE, marking a minor increase of 0.40% from the previous close. The strong quarterly results are expected to be a key factor for investors evaluating the company's stock performance going forward.

Conclusion

Nuvoco Vistas' third-quarter performance marks a significant return to profitability, driven by record sales volumes, a successful premiumisation strategy, and disciplined cost management. The company's ability to navigate early-quarter demand softness and finish strong demonstrates operational agility. With strategic capacity expansions underway, Nuvoco Vistas is well-positioned to strengthen its market share and drive long-term growth in the Indian cement sector.