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livemint.com / 1 month ago
livemint.com / 1 month ago
Nuvoco Vistas turns to price hikes as cost headwinds intensify
Subscribe to enjoy similar stories.Nuvoco Vistas Corp. Ltd’s March quarter (Q4FY26) Ebitda touched a record quarterly high of ₹587.6 crore, aided by better realizations, exceeding Bloomberg’s consensus estimate by 5%.
Can this continue amid the prolonged West Asia war fueling input cost inflation?Elevated costs of petroleum coke (pet coke) and polypropylene bags would increase Nuvoco’s fuel and packaging expenses. In the June quarter (Q1FY27), the management expects blended fuel cost to rise to ₹1.51-1.55 per kcal from ₹1.44, with a probability of further rise in Q2FY27.Packaging costs rose by ₹20 per tonne in March, followed by another about ₹100 per tonne impact expected in April. Mineral gypsum costs are also higher due to supply disruptions from Oman.
Overall, Nuvoco is bracing for a ₹200 per tonne cost inflation pinch to reflect in FY27.Sure, it took a blended price increase of ₹8-12 a bag and ₹10-15 a bag in the trade and non-trade segments, respectively, across its east and north India markets. It is also optimizing costs.
It aims to replace the share of high-cost pet coke with low-cost domestic coal and alternative fuel resources (AFR). Nuvoco’s Q4FY26 fuel mix comprised around 53% coal, 37% pet coke and 10% alternative fuel resources (AFR).Nuvoco is not keen on sacrificing profitability for market share, so if costs keep rising, it may need to raise prices further.It is likely that other cement companies, too, have hiked prices to fight rising costs.
But any slowdown in government-led infrastructure capex and subdued traction in individual home building segment amid broader inflationary pressures, could hurt demand, making price hike absorption challenging. Over 70% of Nuvoco's installed capacity is in the east,
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21.05 / 10:17
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Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
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UPS
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21.05 / 10:17
markets
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Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
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21.05 / 09:47
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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21.05 / 08:45
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Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
21.05 / 08:45
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Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
