Nuvoco Vistas Corp. Ltd., a prominent player in the building materials industry, disclosed its unaudited financial results for the quarter ending December 31, 2023, showcasing significant growth and strategic advancements. As one of the top cement groups in India with 25MMTPA combined installed capacity, Nuvoco Vistas remains a key contributor to the construction sector, particularly in East India.
In Q3 FY24, the consolidated cement sales volume for the Company reached an impressive 4.02MMT. The consolidated revenue from operations during the same period stood at Rs. 2,421 crores, reflecting a robust financial performance. Notably, the consolidated EBITDA witnessed a remarkable 55% year-on-year improvement, reaching Rs. 421 crores.
The company's commitment to expansion and innovation was highlighted with the successful commissioning of a 1.2 MMTPA Cement Mill at the Haryana Cement Plant. This development elevated the overall cement capacity to an impressive 25 MMTPA, reinforcing Nuvoco Vistas' position as a major contributor to the Northern region's cement production.
Emphasizing the focus on premium products, the company reported that these products constituted a substantial 36% share of the cement trade volumes in Q3 FY24. A new marketing campaign for the Duraguard Franchisee, titled 'Seedhi Baat Hai, Duraguard Khaas Hai,' was recently launched, underlining the unique features of the product and strengthening customer trust. Additionally, a brand activation activity called "Sabse Khaas Sarpanch" showcased impactful stories of village Sarpanches contributing to development, further enhancing the brand's image.
