Can JK Cement’s industry-leading volume growth earn brownie points as cost pressures rise?

JK Cement has showcased remarkable growth with a 13% year-on-year increase in grey cement volumes for Q4FY26, surpassing the industry average. The company’s expansion in central and eastern India is a key driver for its success. However, rising costs pose challenges ahead. 

Consolidated Q4 Ebitda declined 11% year-on-year to ₹682 crore, dragged by high operating expenses in grey cement, where it undertook large expansion, and continued competitive pressure in the white/putty segment. Despite disruptions in UAE operations, white cement volumes could grow in the 8-10% range in FY27, similar to that in FY26.

 

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