Q2 2026 Nuvoco Vistas Corporation Ltd Earnings Call Transcript
Key Points
- Nuvoco Vista Corp Ltd (BOM:543334) achieved the highest second quarter EBITDA of INR371 crores, reflecting a year-on-year increase of 62%.
- The company successfully delivered a 1% rise in revenue per tonne quarter-on-quarter.
- Premiumization reached a high of 44% in Q2 FY26, indicating strong brand momentum for products like Concreto and Duraguard.
- The reduction of GST rate on cement from 28% to 18% is expected to enhance affordability for infrastructure and housing, benefiting the industry and end users.
- The company is on a robust capacity growth path supported by continuous deleveraging initiatives, reducing net debt by INR1,009 crores year-on-year.
- The quarter was marked by an unusually intense and prolonged monsoon, which affected construction activity and cement demand.
- The implementation of revised GST rates added operational complexities as stakeholders adjusted to the new regime.
- Blended fuel cost increased quarter-on-quarter to INR1.46 per m-Kcal due to a recent uptick in pet coke prices.
- The festive season and sacred period concentrated within the quarter led to demand disruptions.
- The company faces challenges in increasing cement prices in the short run due to moral obligations following the GST rate cut.
Ladies and gentlemen, good day, and welcome to the Nuvoco Vistas Corporation Limited Q2 FY26 Earnings Conference Call. (Operator Instructions) Please note that this call is being recorded. I now hand the conference over to Mr. Bishnu Sharma, Head of Investor Relations from Nuvoco. Thank you, and over to you.
Thank you, yes. Good afternoon, and thank you for joining us today for second quarter of fiscal 2026 conference call. The quarter has been marked by numerous key events. To begin with, we witnessed an unusually intense and prolonged monsoon across our key markets. The monsoon arrived earlier than usual and extended well into the later part of the quarter.
Secondly, we also navigated the implementation of revised GST rates, which required facilitating with channel partners for a smooth transition and compliance. While the transition was managed effectively, it did add a layer of operational nuances as stakeholders adjusted to the new regime. However, having said that, the reduction of
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