Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — Q2 FY2026 Earnings Presentation
28 slides from Nuvoco Vistas's earnings presentation, Oct 15, 2025
Slide 1: Stock exchange intimation letter
Ref. No.: Sec/163/2025-26 October 15, 2025 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 Second quarter ended September 30, 2025
Investor Presentation Second quarter ended September 30, 2025 October 15, 2025 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 RMX Green Power2 25 MMTPA 31 MMTPA 35 MMTPA Operational capacity 2025 Post Vadraj acquisition Including
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: On a structural growth path with leverage discipline
On a structural growth path with leverage discipline Significant capacity expansion over the period Upcoming expansion to provide significant growth 15x ❖ Vadraj Cement Plant to be operational by Q3 FY27 ✓ On track to become 3rd largest player in Gujarat ❖ East expansion to consolidate market presen
Slide 8: 4 MMTPA capacity boost to catapult East
4 MMTPA capacity boost to catapult East Rationale for expansion in East Success of premium cement products creates significant opportunities to drive growth in blended cement, especially in composite and slag cement categories Completion of railway siding projects in East enables more economical and
Slide 9: Improved performance continues with highest Q2 profitability
Improved performance continues with highest Q2 profitability Volume (in MMT1) Revenue (₹ Cr.) EBITDA (₹ Cr.) Trade Mix (%) Premiumization2 (%) 2% 8% 62% 3% 1% 5.1 2,873 533 4.3 76% 74% 4.2 43% 44% 2,458 71% 2,269 371 41% 229 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Q2
Slide 10: Proven discipline in deleveraging
Proven discipline in deleveraging Net debt (₹ Cr.) ✓ Continuously reduced net debt YoY, reflecting effective debt management 1,2002 ✓ Net debt on a like-to-like1 basis reduced by 6003 ₹ 1,009 Cr. YoY to ₹ 3,492 Cr. 5,718 5,283 4,734 4,501 ✓ Vadraj acquisition funded with long-term debt 3,492 limited
Slide 11: Update on Vadraj Acquisition
Update on Vadraj Acquisition
Slide 12: Clear roadmap to commence Vadraj Cement Plant by H2 FY27
Clear roadmap to commence Vadraj Cement Plant by H2 FY27 H1 FY26 H2 FY26 H1 FY27 H2 FY27 Commercial Production •Key personnel and resources mobilized •Release key goods & service orders for •Delivery of equipments and readiness •Commissioning of CU and GU at Kutch •Inspection of major equipments by
Slide 13: Projects at Vadraj Cement Plant progressing as per schedule
Projects at Vadraj Cement Plant progressing as per schedule Kutch Grinding Unit foundation underway Kiln refractory de-bricking in progress at Kutch Hopper foundation work in progress at Kutch Silo base construction underway at Kutch Fixing Slip Form for Silo construction at Surat Raw Mill (VRM) HT
Slide 14: Economy & Industry
>.) ho _ ” =) xe) = re) > = ° c ° rs) Lu
Slide 15: Macro events weighed on demand momentum
Macro events weighed on demand momentum Significant Central Capex pipeline ahead Significant State Capex outlay remains unspent, offering strong potential for demand upside West Bengal Jharkhand Chhattisgarh (12%) 1 7% 21% (28%) 38%1 State government Odisha Rajasthan Punjab capex at ₹1.97 lakh Cr.2
Slide 16: Business Update
Business Update
Slide 17: Driving scalable growth through RMX and MBM businesses
Driving scalable growth through RMX and MBM businesses Ready-Mix Concrete (RMX) Modern Building Materials (MBM) ✓ Strong YoY sales momentum witnessed across ✓ Currently, 58 plants operational across India construction chemicals, tile adhesive, block ✓ Concreto range of products witnessing strong joi
Slide 18: Marketing and engagement activities
Marketing and engagement activities Sauthi Khaas Garba Activation Program Concrete meet for stronger engagement ✓ Organized Indian Concrete Meet in Nagpur, drawing strong participation from customers, consultants, architects, engineers ✓ Strengthened stakeholder connections, boosted brand visibility
Slide 19: Awards and Recognitions
Awards and Recognitions Sustainability Leadership Social Impact Energy Leadership Energy Excellence “19th CII-ITC Sustainability “Chhattisgarh’s First Think So “National Energy Leader” to Panagarh Cement Plant recognized Awards” to Risda Cement Impact Award 2025” for Nuvo Chittor Cement Plant at CII
Slide 20: Sustainability & CSR
Sustainability & CSR
Slide 21: 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 1.6 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 22: Social initiatives and community engagements in H1 FY26
Social initiatives and community engagements in H1 FY26 86,000 man-hours of training Digital smart classroom Health camps organised Infra related activities provided to youths under running in 40 schools, across locations, benefitting undertaken across villages, “Nuvo-Mason” - a masonry benefiting m
Slide 23: Key Financials
Key Financials
Slide 24: Demand momentum relies on infra project execution
Demand momentum relies on infra project execution Market Prices Cost ✓ Cement demand impacted due to ✓ Pan-India cement prices ✓ Fuel cost increased, driven by intense monsoon, festivities and moderated following the full pass- recent surge in pet coke prices Q2 FY26 channel realignment following th
Slide 25: Continuous efforts to optimize costs
Continuous efforts to optimize costs ✓ Fuel cost inched up QoQ following uptick in pet coke prices Nevertheless, Nuvoco continues to drive efficiency through optimization of fuel mix and strategic sourcing ✓ Raw material cost remained flat QoQ Nuvoco continues to be better placed on slag supply due
Slide 26: Consolidated income statement
Consolidated income statement (₹ Cr.) Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1 FY26 Total Income 2,279 2,888 2,461 4,920 5,349 Cost of materials consumed 415 454 393 897 847 Purchase of stock in trade 67 74 61 123 135 Changes in inventories (11) (35) (24) (24) (59) Power and fuel 453 514 454 967 968 Freig
Slide 27: Summary
Summary ✓ Driving growth and expanding footprint through Vadraj acquisition Chittorgarh Cement Plant and East region expansion, taking total capacity to 35 MMTPA1 ✓ Proven execution capabilities in integrating and scaling acquired businesses; well-positioned to meet operational milestones for Vadraj
Slide 28: 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