By BullScreen Editorial Team 
Nuvoco Vistas Corporation Limited reported a robust set of Q4 results 2026, closing FY26 with its strongest-ever annual performance, driven by record volumes, improved product mix, and steady demand in key markets.
The company posted record quarterly sales volume of 6 million tons in Q4, while EBITDA surged to an all-time high of ₹590 crore. For the full year, volumes reached 20.4 million tons, and EBITDA stood at ₹1,881 crore, reflecting strong operational momentum and improved efficiency.
A key highlight of the Q4 results 2026 was the company’s continued focus on premiumization. The share of premium products rose by 300 basis points year-on-year to 43%, supporting better realizations and margins despite cost pressures.
Nuvoco is also pushing ahead with aggressive expansion plans to strengthen its market position. Under its East Expansion strategy, the company is adding 4 MTPA grinding capacity in phases through FY28, while debottlenecking work at key plants is nearing completion. Its Vadraj Cement project remains on track, with commissioning expected between Q3 FY27 and Q1 FY28. Additionally, a new bulk cement terminal in Gujarat with 1.5 MTPA capacity is planned by FY28 to improve logistics efficiency.
However, the Q4 results 2026 also reflect rising cost pressures. Fuel costs increased, with blended fuel cost at ₹1.44 per million kcal in Q4 and expected to rise further in Q1 FY27 due to higher petcoke prices. Packaging costs have also surged sharply due to rising crude-linked input prices, adding significant cost per ton. Logistics disruptions, particularly limited railway rake availability, forced the company to rely on more expensive road transport in March.
To counter these headwinds, Nuvoco has already implemented price hikes in April across its East and North markets, aiming to protect margins. The company is also increasing the use of alternative fuels and domestic coal to manage energy costs.
Looking ahead, demand outlook remains strong, supported by higher government spending and rural housing initiatives. A projected 20% rise in central capex and increased allocation under PMAY-Gramin are expected to drive cement demand.
Overall, the Q4 results 2026 signal strong execution by Nuvoco, with growth backed by expansion, pricing discipline, and favorable industry tailwinds.
| Metric | Q4 FY26 | FY26 (Full Year) | Key Insight |
|---|---|---|---|
| Sales Volume | 6 million tons (record) | 20.4 million tons (record) | Strong demand across markets |
| EBITDA | ₹590 crore (all-time high) | ₹1,881 crore | Highest profitability achieved |
| Premium Product Share | 43% | 43% (+300 bps YoY) | Improved realizations |
| Blended Fuel Cost | ₹1.44/mn kcal | — | Rising cost pressure |
| Expected Fuel Cost (Q1 FY27) | ₹1.51–₹1.55/mn kcal | — | Impact of higher petcoke prices |
| Packaging Cost Impact | ₹20/ton (March) | ₹100/ton (April est.) | Sharp inflation due to crude prices |
| Petcoke Price | ₹2.01/mn kcal | ₹1.84/mn kcal (earlier) | Significant cost increase |
| Alternative Fuel Usage (AFR) | ~10% | Increasing trend | Cost optimization strategy |
| Capacity Expansion (East) | — | +4 MTPA (planned) | Growth pipeline till FY28 |
| New Logistics Terminal (Gujarat) | — | 1.5 MTPA (planned) | Logistics efficiency boost |
Source: https://nsearchives.nseindia.com/corporate/NUVOCO_17042026185550_IntimationFinal.pdf