"Nuvoco hikes rates and outlines phased FY27 start for its new Vadraj facility in Gujarat."

Nuvoco Vistas Corporation Ltd, the cement arm of Gujarat-based Nirma Group, has raised cement prices across key markets as demand conditions improve, and expects a sustained increase in volumes heading into the fourth quarter of FY26, the company said.

The price hikes were implemented earlier this month across multiple geographies. “December was a good month for us and in January I see the demand sustaining. That is why we have gone ahead and made the changes in pricing,” managing director Jayakumar Krishnaswamy said. He added that price increases were taken in the non-trade segment across regions between January 10 and 12, while attempts were also made to raise prices in the trade channel in eastern and northern India.

Krishnaswamy said the company would assess over the next week whether the price increases are sustained, but noted that early trends were encouraging.

Demand typically picks up after Makar Sankranti and is expected to remain strong through the March quarter, he said, with Nuvoco estimating cement demand growth of 7–8 per cent in the fourth quarter. He also pointed out that cement prices had declined sharply in recent months as the company passed on the benefits of the goods and services tax (GST).

“With some cost inflation coming in, we had to make adjustments. That is why we took this correction,” Krishnaswamy said.

Separately, Nuvoco said it is preparing to operationalise the recently acquired Vadraj Cement facilities in Gujarat in a phased manner starting FY27.