Nuvoco Vistas Targets ₹13,000 Crore Revenue in FY27, Plans ₹1,850 Crore Capacity Expansion

India’s cement industry is expected to witness steady demand over the coming years, and Nuvoco Vistas Corporation is positioning itself to capitalise on the growth. The company has set an ambitious target of generating more than ₹13,000 crore in revenue during the financial year 2026-27, backed by higher cement sales volumes and continued investments in manufacturing capacity.

Managing Director Jayakumar Krishnaswamy said the company expects cement sales to grow by 7-8 percent during the current financial year. After selling around 20.4 million tonnes of cement in the previous year, Nuvoco aims to cross 22 million tonnes in FY27 as construction activity gathers momentum across key markets.

To support this growth, the company has earmarked an investment of ₹1,850 crore over FY27 and FY28. Around ₹900 crore will be invested during FY27, while the remaining ₹950 crore is planned for FY28. The expansion programme is expected to increase the company’s cement manufacturing capacity to 35 million tonnes per annum through the integration of Vadraj Cement assets and debottlenecking projects in eastern India.

Nuvoco believes its current cash generation is sufficient to fund the planned investments without placing additional pressure on its balance sheet. The company also intends to reduce its net debt over the next two years while maintaining financial discipline.

Despite logistical challenges in eastern India during the first quarter, including shortages of railway rakes and diesel supply disruptions, the company reported healthy growth supported by stronger demand in northern and western markets. Management said demand improved during June and July, indicating a positive outlook for the remainder of the financial year.

Looking beyond FY28, Nuvoco is evaluating further expansion opportunities, including a brownfield project in Rajasthan or a greenfield manufacturing facility in Karnataka, depending on market conditions. However, the company clarified that it does not plan to enter the South Indian market over the next five to seven years due to lower capacity utilisation in the region.

With stable cement prices, disciplined cost management and continued infrastructure investments across the country, Nuvoco expects the domestic cement sector to maintain strong growth momentum, creating opportunities for capacity expansion and higher profitability in the coming years.