Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — Q3 FY26 Earnings Presentation
27 slides from Nuvoco Vistas's earnings presentation, Jan 15, 2026
Slide 1: Exchange filing cover letter for investor presentation
Ref. No.: Sec/214/2025-26 January 15, 2026 BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C–1, Block G, Dalal Street, Fort, Mumbai – 400 001 Bandra Kurla Complex, Bandra (East), Scrip Code: 543334 Mumbai – 400 051 Scrip ID: NUVOCO Trading Symbol:
Slide 2: Investor Presentation – Third quarter ended December 31, 2025
Investor Presentation Third quarter ended December 31, 2025 January 15, 2026 1
Slide 3: Safe harbour clause
Safe harbour clause Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements”. Actual results could differ materially from those expressed or implied. Important factors that could make difference to the Company’s
Slide 4: Company Overview
Company Overview
Slide 5: Major player in building materials space
Major player in building materials space Vision “Building a Safer, Smarter and Sustainable World” Mission “Trusted Building Materials Company Creating Value for Our Stakeholders” Cement Capacity1 25 MMTPA 35 MMTPA RMX Green Power2 Operational capacity Post Vadraj acquisition and planned expansion in
Slide 6: Core strengths
Core strengths Premium Product Portfolio Production Cost leadership Robust distribution network Market leading brands: Strategically located Continuous focus on Trade focus with extensive Concreto has significant production facilities in close operational excellence; sales and distribution market sh
Slide 7: Growth trajectory underpinned by leverage discipline
Growth trajectory underpinned by leverage discipline Capacity expansion (MMTPA) 4 35 6 1.5 1.2 25 9 11 s 2.3 Greenfield Lafarge Emami Jojobera Haryana Operational Vadraj East expansion Overall capacity capacity at acquisition acquisition expansion expansion capacity acquired capacity in phases till
Slide 8: Resilient performance driving YoY growth and profitability
Resilient performance driving YoY growth and profitability Volume (in MMT1) Revenue (₹ Cr.) EBITDA (₹ Cr.) Trade Mix (%) Premiumization2 (%) 7% 12% 50% 5% 5.0 2,701 4.7 371 386 74% 44% 44% 4.3 2,409 2,458 71% 71% 258 39% Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25
Slide 9: Effective debt management aligned with growth plans
Effective debt management aligned with growth plans Net debt (₹ Cr.) Already refinanced ₹ 600 Cr. of short-term 600 bridge loan via CCDs in Q3 FY26 Short-term bridge loan to be refinanced 600 via CCDs 5,495 5,165 4,533 Includes long-term debt of ₹ 600 Cr. in 4,350 4,217 Dec’25 for Vadraj acquisition
Slide 10: Update on Vadraj Acquisition
Update on Vadraj Acquisition
Slide 11: Clear roadmap to operationalise Vadraj Cement Plant
Clear roadmap to operationalise Vadraj Cement Plant Progress achieved till Q3 FY26 Roadmap ❖ Execution activities commenced across all sections at Kutch & Surat ❖ Expedite delivery of major mechanical and ❖ Commissioning schedule: ❖ Key equipment at Kutch and Surat electrical packages. Readiness of
Slide 12: Projects at Vadraj Cement Plant progressing as per schedule
Projects at Vadraj Cement Plant progressing as per schedule Kutch Grinding Unit Kutch Clinker Unit Surat Grinding Unit Casting of cement silo 1 completed Raw mill gear box overhauling in progress Power transformer installation completed Load center 1st slab casting completed Kiln support roller bear
Slide 13: Economy & Industry
Economy & Industry
Slide 14: Macro tailwinds signal sustainable demand momentum ahead
Macro tailwinds signal sustainable demand momentum ahead Significant central and state capex spending still ahead in FY261 ~45% of the central capex yet to be spent in FY26 ~61% of ₹ 9.8 lakh Cr. capital expenditure of the top 20 states yet to be spent in FY26 West Bengal Bihar Jharkhand Chhattisgar
Slide 15: Business Update
Business Update
Slide 16: Integrated businesses positioned for scalable growth
Integrated businesses positioned for scalable growth Ready-Mix Concrete (RMX) Modern Building Materials (MBM) ❖ Concreto portfolio is delivering ❖ Robust YoY sales growth witnessed across healthy volume traction, indicating construction chemicals, tile adhesives, block rising customer adoption joint
Slide 17: Marketing and engagement activities in Q3 FY26
Marketing and engagement activities in Q3 FY26 Launched Concreto Tri Shield under RMX business, delivering three-layer durability protection and ~50% improvement in structural life “Sabse Khaas Sarpanch” initiative launched in Bilaspur and Raipur, to drive strong brand engagement through interactive
Slide 18: Awards and Recognitions
Awards and Recognitions Customer Experience Quality Excellence Energy Excellence SAP ACE Award in the “Disruptor – Arasmeta and Sonadih Cement Plants Mejia Cement Plant recognized at Customer Experience Management” recognized for “Forging Quality “26th National Award for Excellence category for driv
Slide 19: Sustainability & CSR
Sustainability & CSR
Slide 20: Sustainability – a key thrust area
Sustainability – a key thrust area 3 am ongst the low est ion si s Global Average in m Aligned with th 580 kg CO2/ton nE ei United Nations bo ndu ~2.4 lakh tons of Car Specific India Average stry CO2 emissions at waste utilized as fuel 513 kg CO2/ton 4541 kg/t in plants under of cementitious circula
Slide 21: Social initiatives and community engagements in 9M FY26
Social initiatives and community engagements in 9M FY26 Project Aakriti – a women-led ~1.09 lakh man-hours of livelihood initiative generated Health camps & Swachh Infra-related activities training provided under ~INR 44 lakh in revenue Bharat initiatives across undertaken across locations “Nuvo-Mas
Slide 22: Key Financials
Key Financials
Slide 23: Demand momentum relies on infra project execution
Demand momentum relies on infra project execution Q3 FY26 Near-term outlook ✓ Significant unspent Centre and State capex in FY26 to drive demand Market ✓ Cement demand witnessed a turnaround from Dec’25, reflecting improving market o Pending capex of ~₹ 5 lakh Cr. for Centre and dynamics led by prog
Slide 24: Continuous efforts to optimize costs
Continuous efforts to optimize costs ✓ Fuel cost declined QoQ to ₹1.41/ Mcal, marking 17-quarter low despite recent uptick in pet coke prices Nuvoco continues to drive efficiency through optimization of fuel mix and strategic sourcing ✓ Raw material cost decreased QoQ Nuvoco continues to be better p
Slide 25: Consolidated income statement
Consolidated income statement (₹ Cr.) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Total Income 2,410 2,461 2,704 7,330 8,053 Cost of materials consumed 410 393 410 1,307 1,257 Purchase of stock in trade 71 61 73 193 207 Changes in inventories (61) (24) 25 (85) (34) Power and fuel 510 454 499 1,478 1,466
Slide 26: Summary
Summary Mejia Cement Plant ✓ On a structural growth trajectory, with Vadraj acquisition and East region expansion driving capacity to 35 MMTPA1 o 4 MMTPA East-region expansion remains on target ✓ Track record of successfully integrating and scaling acquired assets; disciplined project governance ens
Slide 27: Thank you
Thank you Nuvoco Vistas Corporation Ltd. Corporate Identity Number: L26940MH1999PLC118229 Registered and Corporate Office: Equinox Business Park, Tower 3, East Wing, 4th Floor, LBS Marg, Kurla (West), Mumbai - 400 070, Maharashtra, India; Website: www.nuvoco.com Company Contacts Bishnu Sharma; Email