JK Cement Ltd will continue to pursue disciplined growth with a focus on expanding capacity to 50 million tonnes per annum (MTPA), strengthening its building materials portfolio and maintaining financial discipline.
The leading cement manufacturer remains committed to sustaining its position in the industry, while deepening its presence in strategically important markets despite a challenging operating environment.
Growth roadmap
“We are now among India’s top five cement companies by capacity. Our goal is not simply to be larger, but to grow in a manner that builds resilience, remains relevant to customer needs and maintains the financial strength that enables us to invest meaningfully during economic cycles,” said Managing Director, Raghavpat Singhania.
“As we look ahead, our strategic priorities are clear: sustain our position among India’s top five cement companies, advance our long-term capacity roadmap of 50 MTPA, strengthen our building materials portfolio and maintain the financial discipline that has served us well,” he told the shareholders.
Capacity expansion
JK Cement has more than doubled its production capacity over the past five years through organic expansion while strengthening its presence across key markets and increasing market share.
Its grey cement production capacity has risen from 24.34 MTPA to 32.26 MTPA. The company plans to add about 7 MTPA by the first half of FY28 and another 10-12 MTPA to achieve its 50 MTPA target by FY30.
Diversification drive
The company has evolved from a pure-play cement manufacturer into an integrated building materials company with a portfolio spanning grey and white cement, wall putty, paints, tile adhesives and grouts, gypsum plaster, construction chemicals, ready-mix concrete (RMC) and allied products.
Its entry into the ready-mix concrete business through an asset-light model is expected to strengthen its presence in the construction value chain, with plans to scale up to around 100 RMC plants in the coming years.
Cost pressures
JK Cement said rising geopolitical tensions in West Asia, higher fuel prices, increasing cement bag costs and the depreciation of the rupee have put pressure on operating margins.
The company said it is mitigating these challenges through operational efficiencies, energy-mix optimisation, diversified sourcing and calibrated pricing, while remaining confident about India’s long-term infrastructure and construction growth story.
Capex
The company has earmarked ₹5,000-6,000 crore for F27 and FY28 as planned capex (including maintenance and other capex).