Cement Stocks Rally as Nuvoco's Strong Q1 Results Lift Sector Sentiment

Shares of major cement manufacturers surged up to 3% on Tuesday following robust quarterly results from peer Nuvoco Vistas Corporation, signaling strong demand and operational efficiency across the industry.

ment climbed nearly 3%, ment advanced 2.5%, and ments rose 1.4% in early trading. The positive momentum stemmed from Nuvoco's impressive Q1 FY27 performance, where consolidated total income grew 9% year-on-year to ₹3,129 crore. Cement sales volume increased 5% to 5.3 million tonnes, while EBITDA hit a record first-quarter high of ₹572 crore, up 7% YoY. Nuvoco also commissioned a new 2 MMTPA grinding unit in Surat ahead of schedule, strengthening its Western India footprint and freeing capacity for Northern markets.