Nuvoco Vistas Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹3,307Cr
- +8.7% YoY
- +22.4% QoQ
- Net profit
- ₹141Cr
- −15.1% YoY
- +187.8% QoQ
- Margin
- 18%
- 0 pp YoY
- +4 pp QoQ
Guidance rank: #11 of 17 in Cement & Cement Products
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The short version
Industry demand growth for FY27 is expected at 7% to 9%; Nuvoco aims to grow in line with this. Nuvoco targets volume growth in FY27 aligned with industry growth of 7% to 9%, up from 5% in FY26.
From Nuvoco Vistas's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Industry demand growth for FY27 is expected at 7% to 9%; Nuvoco aims to grow in line with this.
- FY26 volume growth was about 5%; FY27 is anticipated to see a pickup targeting 7% to 9% growth in volumes.
- North market capacity utilization is at 95%; Vadraj Cement project commissioning in Q3 FY27 will ease supply constraints, potentially leading to short-term cement shortages.
- The East market still has capacity to support growth.
- Strategic priorities driving growth include premiumization, geographic optimization, and cost discipline.
2 more points from Nuvoco Vistas's call on revenue
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Profitability & Margins
Nuvoco targets volume growth in FY27 aligned with industry growth of 7% to 9%, up from 5% in FY26.
Locked: what Nuvoco Vistas said on margins
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Capital Expenditure Plans
- FY26 capex was INR712 crores, slightly above the planned INR700 crores.
- For FY27, capex guidance is INR900 crores; for FY28, INR960 crores.
- Major portion of capex is for the Vadraj Cement project refurbishment: INR627 crores in FY27 and INR728 crores in FY28.
- Vadraj project phased commissioning is expected to begin in Q3 FY27, enhancing presence in western and northern markets.
- Debottlenecking and capacity expansions in eastern plants (Jojobera, Panagarh, Jajpur, Arasmeta) targeted mostly by end of FY27 subject to clearances.
2 more points from Nuvoco Vistas's call on capex
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Top-ranked in Cement & Cement Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Nuvoco has recently increased debt due to the Vadraj Cement acquisition, with net debt rising from INR…
Locked: what Nuvoco Vistas said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
Nuvoco Vistas — Quarterly revenue & net profit
Nuvoco Vistas Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 3,307 | 3,042 | +8.7% | 2,701 | +22.4% |
| Operating profit (EBITDA) | 588 | 552 | +6.5% | 384 | +53.1% |
| Operating margin | 18% | 18% | 0 pp | 14% | +4 pp |
| Profit before tax | 233 | 224 | +4% | 65 | +258.5% |
| Net profit (PAT) | 141 | 166 | -15.1% | 49 | +187.8% |
| EPS (₹) | 3.94 | 4.63 | -14.9% | 1.37 | +187.6% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.8K Cr, net profit ₹65 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Nuvoco Vistas's management said in earlier quarters
Others in Cement & Cement Products this season
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Consolidated Revenue Q4 FY26:** ₹2,118 crore, up 7.7% YoY (Page 46) . Key concall takeaways from Prism Johnson Ltd's Q4 FY26 earnings call — and how it ranks…
- The Ramco Cement (Q4 FY26)
Standalone: ₹2,618.32 Crores, up 9% YoY (from ₹2,404.90 Crores in 4QFY25) (Page 14) . Key concall takeaways from The Ramco Cements Ltd's Q4 FY26 earnings call…
- Shree Cement (Q4 FY26)
11% volume growth was recorded in Q4 FY26, signaling positive short-term momentum (Page 17). Key concall takeaways from Shree Cement's Q4 FY26 earnings call…
- Orient Cement (Q4 FY26)
Capex moderated to INR6,000-6,500 crores in FY '27, emphasizing organic growth, stabilization of acquired assets, and selective capacity expansions. Key…
Potential multibaggers · Q2 FY27
Potential multibaggers in Cement & Cement Products
on management's own guidance
- J K CementsGood growth2
- Strong growth1
- ACCGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Nuvoco Vistas Q4 FY26 results?
Industry demand growth for FY27 is expected at 7% to 9%; Nuvoco aims to grow in line with this. Nuvoco targets volume growth in FY27 aligned with industry growth of 7% to 9%, up from 5% in FY26.
What is Nuvoco Vistas share price analysis?
Nuvoco Vistas currently shows a neutral. The stock trades at a P/E of 28.5 with a market cap of ₹11,842 Cr. Investors should review the full earnings analysis for detailed insights.
Is Nuvoco Vistas planning capital expenditure?
FY26 capex was INR712 crores, slightly above the planned INR700 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.