Nuvoco Vistas Reports 20% Profit Jump as Shares Surge

Nuvoco Vistas Corporation Ltd reported a 19.88% year-on-year increase in consolidated net profit to ₹159.63 crore for the first quarter of fiscal year 2026-27. The company's consolidated revenue from operations grew 8.91% to ₹3,128.71 crore, while EBITDA reached a record first-quarter high of ₹572 crore. These results, supported by a 5% increase in cement sales volume and a 39.99% reduction in finance costs, triggered a share price surge of up to 17% on the NSE, reaching an eight-month high of ₹398.

In a strategic move to enter the Gujarat market, the company inaugurated a 2 MMTPA grinding capacity at the Limla Cement Plant in Surat ahead of schedule via its subsidiary, Vadraj Cement Ltd. This expansion is part of a broader program to increase total cement capacity from 25 MTPA to 35 MTPA by FY28. Further projects are planned for Kutch starting in Q3FY27 and a bulk cement terminal in Viramgam targeted for Q2FY28.

Managing Director Jayakumar Krishnaswamy attributed the performance to resilient execution and cost discipline despite geopolitical headwinds. He expects cement volume growth of 7-8% for the remainder of FY27. Following the announcement, brokerages including Nomura, HSBC, Jefferies, and Choice Institutional Equities maintained Buy ratings and raised target prices, with Choice forecasting an upside of up to 47%.