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Informist, Monday, Jul. 20, 2026

 

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--JK Cement: New plant at Jaisalmer on track, commissioning likely H1 FY28 
--CONTEXT: JK Cement management's comments in post-earnings analyst concall 
--JK Cement: Q1 volume growth led by capacity expansion in central India 
--JK Cement: See cost increasing by INR 150 per tonne in Jul-Sept 
--JK Cement: Q1 prices flat, not expecting any drop going forward 
--JK Cement: Expecting double-digit sales growth in FY27 
--JK Cement: See competitiveness in white cement ops continuing 
--JK Cement: Expecting coal output from one block to commence FY28-end 
--JK Cement: Working to increase usage of green power 
--JK Cement: Using domestic fuel across central India 
--JK Cement: See packaging cost almost flat or marginally lower QoQ in Q2 
--JK Cement: See fuel cost increasing by INR 100 per tonne in Q2 
--JK Cement: Expecting INR 5.0 bln-INR 5.5 bln revenue from paints ops FY27 
--JK Cement: Expect INR 2.5 bln revenue from readymix concrete ops FY27 
--JK Cement: FY27 capex seen at INR 35 bln, FY28 spending at INR 12 bln 
 

 

By Astha Oriel and Narayana Krishna 

 

NEW DELHI – JK Cement Ltd. is planning a capital expenditure of INR 35 billion in 2026-27 (Apr-Mar), the company's management told analysts at a post-earnings conference call. Capital expenditure will be around INR 12 billion in FY28, according to management. 

 

The company said its greenfield project in Jaisalmer is progressing well and is targeting commissioning by the first half of FY28. The company has acquired the land for the second grid grinding location in Punjab, which it plans to start as soon as possible, the management said. "We have also taken up an expansion of the Walpurti in Rajasthan and the work is almost on the verge of completion," the management said, adding that the company expects to commission it in the current quarter.

 

JK Cement reported an over 12% year-on-year increase in its net profit to INR 2.91 billion in the June quarter. The company's revenue from operations rose over 21% on year to INR 38.66 billion. 

 

The company expects revenue of INR 5 billion–INR 5.5 billion in FY27 from its paint business, JK Maxx Paints Ltd. "We are expecting over INR 500 crores (INR 5 billion) net top line. We expect to break even in the third year of operations, and definitely, I would say that it is helping our Putti business. We are showing continuous good growth in the Putti volume," the management said. 

 

For its ready-to-mix cement business, the company expects a revenue of INR 2.5 billion, according to the management. "INR 250 crores (INR 2.5 billion) as our top line... As we are setting up plants and the plants get stabilised. So, this is how we see the numbers growing," the management said.

 

The company expects double-digit sales growth in FY27. In Apr-Jun, the company's grey cement sales volume was 5.96 million tonnes, and white cement volumes were 540,000 tonnes. The management said the June quarter volume growth was led by capacity expansion in central India. "We have gained certain market share definitely in central India in most of the regions, and we have been able to maintain the market share in all other regions in northern and southern regions," the management said.

 

The company expects competitiveness to continue in the white cement operations. According to the management, in the June quarter, the company was able to gain volumes in the white business operations due to import constraints from the United Arab Emirates owing to the West Asia crisis. "As a result, we had that opportunity for extra volumes in case of white cement and putty. So because the white cement availability was limited, we could do some extra volume. But having said so, the competitiveness in the white business will continue," the management said. 

 

For Jul-Sept, the company expects overall cost to increase by INR 150 per tonne. The company expects the packaging cost to remain almost flat or marginally lower sequentially in the September quarter. The company expects the fuel cost to increase by INR 100 per tonne in Jul-Sept. 

 

For the June quarter, the company's freight and forwarding expenses rose almost 22% on year to INR 8.79 billion. The company spent INR 6.44 billion on power and fuel, 13% higher than a year ago.

 

In the June quarter, cement prices remained flat. The company does not expect any drop in cement prices going forward, according to the management. 

 

Of its two coal blocks, the company expects coal production from one block to commence by the end of 2027-28, the management said. "We have two coal blocks, and so out of which the larger coal block, which is at Mahan (Singrauli), where, because we had made good progress, and I think we should be able to by the end of FY28 to commission this... We have an option to sell the fuel also," the management said, adding that the company is using domestic fuel in central India. The company is working to increase usage of green power. 

 

Monday, the company's shares closed 1.2% higher at INR 5,453 on the National Stock Exchange. End

 

Edited by Saji George Titus

 

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