India's Nuvoco Vistas firm, brokerages see price hikes offsetting cost pressures

Nuvoco Vistas

16/04/2026 07:56

** Shares of India's Nuvoco Vistas Corporation NUVO.NS rise 2.15% to 311.50 rupees

** Brokerages flag recent cement price hikes and better realisations supporting co

** Jefferies ('buy', PT: 410 rupees) says March-quarter EBITDA rose about 7% on improved realisations, while April price increases of 8–15 rupees per bag should partly offset fuel and packaging cost pressures

** HSBC ("buy", TP: 420 rupees) says price hikes in trade and non-trade segments help cushion inflationary pressures

** Citi ("buy", cuts TP to 400 rupees from 475 rupees) says better-than-expected realisations drove earnings outperformance

** Co reported March-quarter consolidated revenue of 33.07 billion rupees ($354.28 million) vs 30.42 billion rupees a year ago

** YTD, stock down 14.3%

($1 = 93.3437 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))