• Growth outlook: The industry and Nuvoco are both expected to grow at 7–9% in FY27, driven by consistent demand recovery across core East, West, and Central Indian markets in April.
• Price hikes and costs: The company implemented price hikes of ₹10–15 per bag in trade and ₹20 in non-trade in early April, absorbing around ₹10, while overall input costs rose ₹100–120 per ton primarily due to packaging bag inflation.
• EBITDA per ton target: Management aims to maintain full-year EBITDA above ₹900 per ton, comparable to the previous year's ₹923 per ton, supported by fuel inventory coverage through mid-June and internal efficiency levers.
• Vadraj plant turnaround: Commissioning trials for the Surat plant are slated for Q2 of this fiscal year, while Kutch clinker production will begin in H2, supported by rail connectivity and a new bulk terminal at Sachana.
• Capacity expansion strategy: Management dismissed rumors of a promoter stake sale, confirming plans to expand capacity further in the North or Gulbarga one project at a time after commissioning Vadraj.