J K Cements Ltd
J K Cements Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
The short version
JK Cement expects volume growth to remain strong, targeting around 20 million tonnes in FY 2026 and aiming for 22.5 to 23 million tonnes in FY 2027 with a growth rate of 12%-15%. JK Cement expects volume growth in FY 2027 and 2028 to be in double digits, targeting around 12%-15% growth.
From J K Cements Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- JK Cement expects volume growth to remain strong, targeting around 20 million tonnes in FY 2026 and aiming for 22.5 to 23 million tonnes in FY 2027 with a growth rate of 12%-15%.
- Volume growth is expected to be driven mainly by new markets, especially Central India, with incremental volumes also from new and existing plants such as Panna.
- Management anticipates mid-teens volume growth in FY 2026 may not sustain, but double-digit growth should continue.
- The paint business aims to break even in FY 2027 with turnover expected to cross INR 500 crores and improved gross margins.
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Profitability & Margins
Read what J K Cements Ltd said on margins in the Q3 FY26 call
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Capital Expenditure Plans
- FY 2026 CAPEX expected to be INR 2,500 crores to INR 2,800 crores, including INR 600 crores for Jaisalmer and INR 50-60 crores for Nathdwara wall putty plant.
- FY 2027 CAPEX planned at around INR 3,500 crores, including approximately INR 3,000 crores for the 7 million tonne expansion.
- FY 2028 spillover CAPEX estimated at INR 1,000-1,200 crores.
- Jaisalmer Greenfield project commissioning targeted by September 2027, along with grinding units in Punjab and Rajasthan.
- A new Greenfield wall putty plant in Rajasthan (capacity 400,000 tonnes) slated for commissioning by September 2026.
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Top-ranked in Cement & Cement Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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J K Cements Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹3.7K Cr, net profit ₹169 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What J K Cements Ltd's management said in earlier quarters
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Frequently Asked Questions
What were J K Cements Ltd Q3 FY26 results?
JK Cement expects volume growth to remain strong, targeting around 20 million tonnes in FY 2026 and aiming for 22.5 to 23 million tonnes in FY 2027 with a growth rate of 12%-15%. JK Cement expects volume growth in FY 2027 and 2028 to be in double digits, targeting around 12%-15% growth.
What is J K Cements Ltd share price analysis?
J K Cements Ltd currently shows a neutral. The stock trades at a P/E of 42.0 with a market cap of ₹41,002 Cr. Investors should review the full earnings analysis for detailed insights.
Is J K Cements Ltd planning capital expenditure?
FY 2026 CAPEX expected to be INR 2,500 crores to INR 2,800 crores, including INR 600 crores for Jaisalmer and INR 50-60 crores for Nathdwara wall putty plant.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.