FY26 volume guidance of ~20 million tons
Management expects full-year volume of ~20 million tons, implying ~10% growth, with H1 growth of 15% partly due to low base.
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JK Cement · forward-looking guidance across the available source record.
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growth
Cost savings of ₹75-90/ton by FY26 end
Cost reduction program targeting ₹150-200/ton savings; FY26 exit rate expected at ₹75-90/ton, with balance in FY27.
Panna expansion commissioning by December 2025
Integrated plant at Panna (6M ton) to be fully commissioned by December 2025; 1M ton grinding unit already commissioned in October.
Jaitaran project commissioning in Q2 FY28
New integrated plant (4M clinker, 3M grinding) at Jaitaran expected to be commissioned in Q2 FY28, with capex of ~₹4,800 crore.
FY27 volume growth target of 12-15%
Management expects volume growth in the early teens (12-15%) for FY27, reaching 22.5-23 million tons.
Capex of ₹3,500 crore in FY27
Capex for FY27 is guided at ₹3,500 crore, including ₹3,000 crore for the 7 MTPA expansion.
Paint business breakeven in FY27
Paint business expected to breakeven in FY27 once revenue crosses ₹500 crore with higher gross margins.
Incentive run rate of ₹75 crore quarterly by FY27 exit
Incentives are expected to recover to ₹75 crore per quarter by the end of FY27 as new units become eligible.
FY27 volume growth: double-digit, incremental 2.5M tons
Management expects double-digit volume growth in FY27, with at least 2.5 million tons incremental volume from new capacities.
FY27 capex: ₹3,500-4,000 crore
Capex for FY27 guided at ₹3,500-4,000 crore, including normal capex and greenfield expansion at Jaisalmer.
FY27 cost savings: ₹50/ton
Cost savings of ₹50 per ton targeted in FY27, driven by green power and alternative fuel usage.
Paint business break-even in FY27
Paint business expected to break even in FY27 with revenue of ₹500-550 crore.