Pricing pressure from capacity additions in north
Multiple capacity additions in north India could lead to pricing pressure, though management expects only temporary impact.
JKCEMENT / Q3-FY26 / risks
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JK Cement · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
New labor code cost impact
The new labor code liability of ₹48 crore was booked as exceptional; recurring impact could be ₹3-4 crore per month, but management is still assessing.
Incentive decline due to GST rate cut
Incentives dropped to ₹60 crore in Q3 from ₹86 crore in Q2 due to GST rate cut, and run rate may remain low until new units qualify.
Toshali limestone mining rights delay
Discussions with government for Toshali limestone are ongoing but no timeline for resolution; could impact future expansion plans.