JSW Cement Ltd
JSW Cement Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #8 of 17 in Cement & Cement Products
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What the Q4 FY26 call signalled
2 of 3 strong
The short version
JSW Cement expects mid- to high-teens volume growth in FY27, excluding the North region, maintaining their prior guidance. JSW Cement expects mid-teens to high-teens volume growth in FY27, excluding North India.
From JSW Cement Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- JSW Cement expects mid- to high-teens volume growth in FY27, excluding the North region, maintaining their prior guidance.
- The Nagaur North plant (2.5 million ton grinding capacity) commenced operations in March 2026; utilization guidance is 50%-60% for FY27, with ramp-up confidence to be clearer post Q1.
- Total sales volume in FY26 grew by 11% YoY to 13.96 million tons (cement and GGBS volumes up 9% and 12%, respectively).
- The company plans capacity expansion targeting 43.5 million tons by FY30, with only minor changes (replacing Punjab 2.75 MT with Rajasthan 2.5 MT).
2 more points from JSW Cement Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Capex guidance for FY27 is approximately INR 2,300 crores and about INR 2,200 crores for FY28.
- Total capex for the revised plan, including a 1 million-ton additional grinding unit, stands at around INR 3,500 crores.
- An additional INR 430 crores is considered on top of the above capex.
- The integrated plant at Nagaur, Rajasthan (3.3 million ton clinker and 2.5 million ton grinding capacity), started commercial operations in March 2026; INR 2,400 crores have been spent here so far.
- The grinding unit in UAE is expected to be commissioned by April 2027 (delayed by about a month due to the war).
2 more points from JSW Cement Ltd's call on capex
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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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Order Book & Pipeline
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JSW Cement Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.9K Cr, net profit ₹78 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What JSW Cement Ltd's management said in earlier quarters
Others in Cement & Cement Products this season
- Prism Johnson Ltd (Q4 FY26)
Consolidated Revenue Q4 FY26:** ₹2,118 crore, up 7.7% YoY (Page 46) . Key concall takeaways from Prism Johnson Ltd's Q4 FY26 earnings call — and how it ranks…
- The Ramco Cement (Q4 FY26)
Standalone: ₹2,618.32 Crores, up 9% YoY (from ₹2,404.90 Crores in 4QFY25) (Page 14) . Key concall takeaways from The Ramco Cements Ltd's Q4 FY26 earnings call…
- Shree Cement Ltd (Q4 FY26)
11% volume growth was recorded in Q4 FY26, signaling positive short-term momentum (Page 17). Key concall takeaways from Shree Cement's Q4 FY26 earnings call…
- Orient Cement Ltd (Q4 FY26)
Capex moderated to INR6,000-6,500 crores in FY '27, emphasizing organic growth, stabilization of acquired assets, and selective capacity expansions. Key…
Potential multibaggers · Q2 FY27
Potential multibaggers in Cement & Cement Products
on management's own guidance
- BIGBLOC Const.Good growth2
- Strong growth1
- J K Cements LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were JSW Cement Ltd Q4 FY26 results?
JSW Cement expects mid- to high-teens volume growth in FY27, excluding the North region, maintaining their prior guidance. JSW Cement expects mid-teens to high-teens volume growth in FY27, excluding North India.
What is JSW Cement Ltd share price analysis?
JSW Cement Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 27.6 with a market cap of ₹18,002 Cr. Investors should review the full earnings analysis for detailed insights.
Is JSW Cement Ltd planning capital expenditure?
Capex guidance for FY27 is approximately INR 2,300 crores and about INR 2,200 crores for FY28. - Total capex for the revised plan, including a 1 million-ton additional grinding unit, stands at around INR 3,500 crores. - An additional INR 430 crores is considered on top of the above capex. - The integrated plant at Nagaur, Rajasthan (3.3 million ton clinker and 2.5 million ton grinding capacity), started commercial operations in March 2026; INR 2,400 crores have been spent here so far. - The grinding unit in UAE is expected to be commissioned by April 2027 (delayed by about a month due to the war). - Future considerations include potentially setting up a second clinker line in Rajasthan to support capacity expansion as Punjab plant approvals are delayed. - Management maintains capacity growth guidance aiming for approx.
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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.